NCRIB, CIIN Partner To Accelerate Enforcement Of Compulsory Insurances
L – R: Deputy President, Chartered Insurance Institute of Nigeria, (CIIN) Mr. Edwin Igbiti; Director General, Nigerian Insurers Association (NIA), Mrs. Yetunde Ilori; CIIN President, Dr. Muftau Oyegunle; President, the Nigerian Council of Registered Insurance Brokers, Mr. Rotimi Edu, mni; Vice President, NCRIB, Mrs. Ekeoma Ezeibe; and Deputy President, NCRIB, Mr. Tunde Oguntade during a courtesy visit of NCRIB to CIIN in Lagos.
In a bid to accelerate the enforcement of the law on compulsory insurances, the Nigerian Council of Registered Insurance Brokers (NCRIB) has forged synergy with the Chartered Insurance Institute of Nigeria (CIIN).
According to a statement by the Corporate Affairs Manager, NCRIB, Dele Ayeleso, Though, there have been strident advocacy for the enforcement of the law as enshrined in Insurance Act 2003 by National Insurance Commission (NAICOM), significant momentum is yet to be generated with the law in the Country raising concern among operators and relevant stakeholders.
The statement stated that the NCRIB delegations led by its President, Mr. Rotimi Edu, mni, was received by President of the CIIN, Dr. Muftau Oyegunle who emphasized the need for industry stakeholders of which the NCRIB is paramount, to device a more ingenious strategy that would accelerate the momentum for compulsory insurance covering Builders Liability Insurance, Employers Liability Insurance, Motor 3rd Party Liability Insurance, Employers Liability Insurance (Group Life), Occupiers Liability Insurance, Healthcare Professional Indemnity Insurance
“The CIIN President, the statement stated, applauded the leadership of the NCRIB, noting that insurance Brokers constitute a critical segment of the Institute’s membership and its place in the insurance and financial services sector cannot be underestimated
“Dr. Oyegunle promised the support of the institute for the professionalism of broking practice by collaborating with the NCRIB on the proposed examination syllabus of Insurance broking of its membership,” the statement added.
President of the NCRIB, Mr. Edu, according to the statement said his team’s visit was also to appraise the Institute leadership with its policy thrust anchored on “Brokers’ Centrism”
“Edu utilized the visit to inform the CIIN about the forth coming 60th anniversary of the Council, for which it sought the institute support,” it stated.
