Business Journal


NCRIB, NIA Intensify Co-operation for Insurance Market Growth

President, Nigerian Council of Registered Insurance Brokers (NCRIB), Mr. Rotimi Edu (centre) presenting the miniature of NCRIB 60th Anniversary Mascot to the out-going Chairman, Nigerian Insurers Association (NIA), Mr. Ganiyu Musa during a courtesy visit of NCRIB delegation to NIA. With them is the Executive Secretary/CEO of NCRIB, Mr. Tope Adaramola.  

The two leading Associations in the Nigerian insurance sector-Nigerian Insurers Association (NIA) and the Nigerian Council of Registered Insurance Brokers (NCRIB) have restated their commitment to more co-operation and collaboration to ensure sustainable growth of the insurance market in Nigeria.

The insurance operators (underwriters and brokers) said the need to forge more synergy is geared towards growing the insurance industry by accelerating its contribution to Gross Domestic Product (GDP).

This intention was expressed when Rotimi Edu, President & Chairman of Council of the Nigerian Council of Registered Insurance Brokers (NCRIB) led the Council’s delegation on a courtesy visit to the Nigerian Insurers Association (NIA) in Lagos recently.

Mr. Rotimi Edu noted that the industry’s crave for cohesion and professionalism for effective services rendition to the public could only be achieved if insurance brokers who are members of the NCRIB accelerate their collaboration with underwriters under the aegis of the NIA

“Revitalisation of the various Joint and Technical Committees of the industry is being put at the front burner to facilitate effective sharing of information between our two unique professional divides in the industry”, Edu noted

The NCRIB President stated that the insurance industry operators should always see themselves as co-operators rather than competitors in order to project an acceptable front before the insuring public.

In his response, the out-going Chairman of the Nigerian Insurers Association, Mr. Ganiyu Musa pledged the readiness of the NIA to co-operate with the Body of Insurance Brokers in Nigeria to re-energise the Joint Technical Committee, noting that no effort should be spared in exchanging information with a view to making the industry vibrant and contribute to the national economy.

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