Insurance growth: NCRIB harps on bonding, exchange of ideas

April 30th, 2018

Stories from Edet Udoh, Lagos

The President, Nigerian Council of Registered Insurance Brokers (NCRIB), Mr. Shola Tinubu, hasA�called on brokers who are still maintaining a distance towards the Councila��s activities to have a rethink as the body can only survive through constant bonding and exchange of ideas on a continual and regular basis.

Tinubu said this at the April edition of the membersa�� evening, hosted by Sovereign Trust Insurance Plc, in Lagos recently.

He equally disclosed that insurance underwriters are now showing serious interest to host the bi-monthly Nigerian Council of Registered Insurance Brokers (NCRIB), adding that some companies outside the insurance industry have also indicated interest to proudly identify with brokers by sponsoring the event.

The bi-monthly NCRIB Membersa�� Evening is a platform that attracts over 200 brokers and going statistics, brokers control 80 per cent of insurance business in the country.

a�?It is worthy to note that the Councila��s bi-monthly Membersa�� Evening, a platform for interaction between insurance brokers and leading underwriters in the market, has remained an event that Underwriters now jostle to host.

a�?Even companies outside our industry are willing to proudly identify with us by sponsoring this Evening. It therefore behaves us to complement the evening with our continuous attendance as this would help its sustenance,a�? he said.

NCRIB boss said members attendance at the event will counts towards their Mandatory Continuous Professional Development (MCPD) grading points.

The Managing Director, Sovereign Trust Insurance Plc, Olaotan Soyinka, who led the management team of the firm to the event, applauded brokers for their roles in developing the insurance market.

He appealed to brokers to sustain the relationship they built with his company over the years, whilst pledging the firma��s resolve to surpass brokers expectations.

Speaking further, Tinubu noted that the Council has continued to strengthening its ties with other relevant international bodies, stressing that one of such is the British Insurance Brokers Association (BIBA). He stated that this has informed the bodiesa�� regular attendance of BIBA Conference.

a�?I like to inform you that a good number of Council members will be attending the 2018 Conference of the Association, holding in Manchester, the United Kingdom from Tuesday, May 14 to Friday, May 19, 2018. The theme of the Conference is Innovate Evolve Thrive. Happily, the NCRIB delegation would also have the benefit of interacting with a team of professionals from Aon and Lloyds Brokers who have consented to meet with the Nigerian delegation at a special session in London.

a�?As part of our efforts to encourage participants, the Management Committee met to grant a discount of A?200 to the first ten registered delegates. I like to inform you that if you have a valid UK Visa, you can still be a part of the delegation,a�? he stated.

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