NCRIB presents members with nuggets of business practice guideline

March 4th, 2018

The management committee of the Nigerian Council of Registered Insurance Brokers (NCRIB) has presented Nuggets of the Market Conduct and Business Practice Guidelines (Revised Edition) released by the National Insurance Commission (NAICOM) to members in its bid to continuously add value to members.
Making official presentation of the nuggets at the February edition of the NCRIB members’ evening, President of the Council, Mr. Shola Tinubu the publication of the nuggets was to assist members apprise themselves with the statutory provisions of the Commission with great ease.
He said the Council intends to sustain the tradition of producing or abridging such compliance and regulatory publications into nuggets from time to time for easy of reference by members.
Tinubu also announced that the Council was already putting finishing touches to its membership portal that will allow for robust online interaction between the Council and members as well as the production of membership ID Cards which will have imbued into it value that members could derive from the Council.
While addressing the brokers to solicit their patronage, the Group Managing Director of NEM Insurance, Mr. Tope Smart told the brokers that NEM Insurance has a strong capital base, adding that NEM is one of the leading General insurance firms in Nigeria.
He said NEM with total asset base of about N14.5 billion had for ten unbroken years paid dividend of N2.8 billion.
Mr. Smart said the company has expanded its operations into the West African Sub region, with the successful registration and commencement of business of its former subsidiary, NEM Insurance (Ghana) Ltd.

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