Monday, September 8, 2025
23.9 C
Lagos

Brokers, Arbitrators Partner on Insurance Growth

The Assistant Executive Secretary, Nigerian Council of Registered Insurance Brokers, Mr. Gbenga Falade; Executive Secretary, Mr. Tope Adaramola and Registrar/CEO, Nigerian Institute of Chartered Arbitrators,(NICArb) Mrs. Shola Oshodi-John during a courtesy visit of NCRIB delegation to NICArb in Lagos 

In a bid to enhance the image of the insurance industry, the Nigerian Council of Registered Insurance Brokers (NCRIB) is steeping up collaboration with the Nigerian Institute of Chartered Arbitrators.

The NCRIB had through its Executive Secretary, Mr. Tope Adaramola expressed the need for better synergy between Insurance Brokers and the arbitrators’ body in order to shore up the image of the industry and enhance its public acceptability.

Adaramola who led the delegation of the NCRIB Secretariat to the Institute in Lagos noted that the policy direction of the Council’s present leadership  is to strive to collaborate with professional institutions that could assist the Council and Insurance Brokers generally to accelerate insurance awareness and obviate the image challenges of the industry, generally.

He said that as professional intermediaries in the insurance value chain, Insurance Brokers were in a position to restore public confidence in the insurance industry by reducing areas of conflict between the insured and insurance companies.

In her response, the Registrar of the Institute, Mrs. Shola Oshodi-John disclosed that arbitration was the new way to resolve conflicts in social, business and professional relationships and that if fully imbibed, would help to reduce unnecessary litigations between insurance clients and insurance companies, particularly when claims arise.

She said the Institute has accelerated its collaboration with strategic institutions and the training of individuals to become professional arbitrators, making them more valuable in their professions and lives.

 

 

 

 

 

spot_img
spot_img

Hot this week

Nigeria, Brazil Central Banks Deepen Economic, Financial Co-operation

Nigeria’s Central Bank Governor, Olayemi Cardoso, has held talks...

Ecobank Nigeria to Host Second Edition of Design & Build, Showcasing Premier Innovators in Design, Construction

Ecobank Nigeria, a subsidiary of the leading pan-African banking...

Expert: Fintech, Financial Inclusion Critical for Sustainable Growth of Nigerian Economy

A renowned economist, Dr. Biodun Adedipe, the Chief Consultant/CEO,...

Sterling Bank Marks One Year of Africa’s Groundbreaking Core Banking System

Number one Best Workplace in Banking in Nigeria and...

Topics

Allianz, SOS Children’s Villages Focus on Social Inclusion

Allianz SE and SOS Children’s Villages announced their global...

Digital Encode Drums Support for eBusinesslife 5G Forum on Nov 5

Leading Consulting and technology integration firm, Digital Encode Limited...

Leadway Health HMO Reinforces Industry Leadership with Third Straight HMO of the Year Award

Dr. Tokunbo Alli Chief Executive Officer Leadway Health HMO Leadway Health...

NGE Mourns Veteran Journalist, ODAFE OTHIHIWA

The entire members of the Nigerian Guild of Editors...

Zenith Bank Earnings FY 2018: Lower Income, Improved Efficiency

Lower Income but Improved Efficiency Zenith Bank Plc recently released...

Ecobank Nigeria Virtual Trade Conference Set for Sept 22

Ecobank Nigeria, a member of the pan African banking Group has concluded...

The 2nd Nigeria ICT Festival 2016 Postponed

The 2nd Nigeria ICT Festival earlier scheduled for Thursday,...

Sanlam Pan Africa Inducts Ojumah into Council of Elders

  L-R: Tunde Mimiko, Managing Director/Chief Executive Officer, Sanlam Life...
spot_img

Related Articles

Popular Categories

spot_imgspot_img