Thursday 24 October 2013

New NCRIB president sets nine points agenda

Ayodapo Soderu at the investiture  
Ayodapo Soderu, taking oath of office


Chuks Udo Okonta

The President Nigerian Council of Registered Insurance Brokers (NCRIB) Ayodapo Soderu, who was crowned today Thursday, has pledged to focus on nine cardinal areas to take the broking sector to lofty heights.

Speaking at his investiture in Lagos, he noted that his agenda in office will be to develop formidable government relation/lobby process, research development, synergy with relevant institutions, professionalism and establishment of accounting technical committee.

Others are corporate image projection, effective human capital development, bottom-up growth strategy and leveraging on the instrumentality of the law to pursue the ideals and objectives of the sector.

He noted that his tenure will ingenuously create interaction and lobby platforms to proactively engage governments at all levels, towards influencing legislations in favour of the broking sector, adding that the act were brokers are reactive to issues after they have been conceived and concluded will no longer exist.

Soderu noted that the broking sector like other crucial sectors of the economy is short of adequate statistics; hence, his tenure will create an effective data system bureau for the storage of comprehensive and relevant data about insurance broking.

He said since no professional body could operate in isolation, his administration will open new vista of relationship with relevant insurance institutions, both within and outside the country.

He maintained that he would strengthen the understanding and mentality of brokers into certain realities concerning the practice of their profession.

The NCRIB boss said in view of the growing expectations from brokers, due to unfolding financial regulatory requirements, his administration will in the first quarter of his tenure establish the accounting technical committee that will handle issues relating to financial reporting requirements.

Soderu said as a practical step towards reducing the bogging image problem confronting the insurance industry, especially the broking sector, he will put in place an effective branding process, that will place greater emphasis on institutional projection in the various mass media.

He pledged to transform the council into learning rather than earning institution and will also fortify the Area Committee for improved performance.

He said through the instrumentality of the law, his tenure would pursue the ideals and objectives that would enhance the performance of the broking sector, adding that this would be achieved by seeking to better not only legislations, but the rules and code of ethics that the operators have set for themselves.  

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