NCRIB admits 32 new members

NCRIB admits 32 new members

 Chuks Udo Okonta

The Nigerian Council of Registered Insurance Brokers (NCRIB) has inducted 32 new insurance brokers into its fold, buoying its membership strength to 492.

Its President Mrs Laide Osijo, at the event in Lagos, urged the newly inducted members to brace up for the unfolding global and regulatory challenges confronting professionals in the financial services sector.

Osijo noted that the new inductees must see to it that they operate within the laid down ethical and professional standards prescribed by the council as well as other regulatory institutions to which they subscribe.

She said: "You are coming in at a time when insurance business and operators in Nigeria are being challenged by several factors, notably; public image and global regulatory prescriptions and you must strive to play above board".

She utilised the occasion to commiserate with families who lost their lives and valuables in the flood currently ravaging some parts of the country.

She advised the government to evolve concerted proactive disaster management strategies aimed at combating similar calamities in the future, as well as constantly educate Nigerians on the need to avoid building their residences on flood prone areas as well as the need for them to eschew habits that could make the society vulnerable to such disasters.

Osijo said the insurance industry on its part could be succour for mitigating losses that may result from such calamities both at the individual and government levels when fully embraced.

Deputy President of the Council, Ayodapo Shoderu, advised the inductees to be ingenious in developing insurance products that meet the desires of the insuring public, as it is done by professionals in other progressive sectors of the economy, notably manufacturing and telecommunications.

Shoderu noted that despite the social functions of insurance, the operators must constantly bear in mind the need to entrench the practise in the minds of the public as a way of reducing the image and acceptance problems confronting the industry.