NCRIB urged members to be ethical

NCRIB urged members to be ethical

 

President Nigerian Council of Registered Insurance Brokers (NCRIB) Mrs Laide Osijo, has called on brokers to esteem ethical practices to enable the sector perform effectively.

She said this at the July Edition of NCRIB Members Evening in Lagos, adding that the council would continue to collaborate with others bodies to stem the activities of charlatans who portray the industry in bad light.

She said: “In view of the need to affirm the provisions of the NCRIB Acts on registration of insurance brokers and eliminate the existence of charlatans from the insurance broking profession, NAICOM has continued to play complimentary roles in this area, which is most commendable. NAICOM has formally forwarded a circular to all brokers operating with its licence but without NCRIB registration certificates to normalise their records with the council immediately. The council has also forwarded written circulars to all those affected to comply with the directive to avoid embarrassment as the council would soon public the name s of all its members in some national dailies in adherence to the law.”

She noted that the NCRIB law stipulates that “enlistment of an insurance broker with the NCRIB is a condition precedent to licensing by NAICOM”. She expressed misgivings that some companies have brazenly flouted the provision as specified in the law.

Osijo noted that the council has began empowering its area committee, adding that the council would only be able to record its expected goal of expanding  the frontier of public awareness on insurance broking if the area committee and chapters which are closed to the grassroots are committed and vibrant.

She called on brokers to be committed to professionalism to deepen their businesses, adding that only professional can stand the present trend in insurance practice.