NCRIB cancasses support for WAII



 

 

From left: Deputy Director General West Africa Insurance Institute, AbdulRasheed Akolade; Director General of WAII, Frederick Bowen-John; President of NCRIB, Ayodapo Shoderu; a Member of the NCRIB, Okey Okafor and the Executive Secretary of the Council, Fatai Adegbenro , during the visit of new WAII Executives to NCRIB in Lagos.

Chuks Udo Okonta

The Nigerian Council of Registered Insurance Brokers (NCRIB) has advocated the support of all insurance constituent bodies for the West African Insurance Institute (WAII), to allow it meet the mandate of producing the required qualitative human resource for the industry in the West Africa sub region.

The President of the NCRIB, Ayodapo Shoderu, made the appeal during the visit of the new Director General of the Institute, Frederick Bowen-John to the Council in Lagos.

Shoderu opined that the insurance industry in West Africa had not been able to live up to its expectations because of insufficient human resource or professionals who will render creative and dynamic insurance services to meet with changes in consumer’s expectations.

He said: “For the dire challenges of human resources to be met in the Nigerian insurance industry, like its peers in other West African countries, all training institutions of which WAII is inclusive, must be given required support and patronage by reputable professionals and bodies in the sector.”

The NCRIB President urged WAII to create more relevant courses for Insurance Brokers in its curriculum, considering their pivotal place as the main professionals in the insurance industry value chain.

Shoderu disclosed that part of his administration’s thrust of office was to effectively liaise with notable professional bodies in Nigeria and across the world in order to grow human capital development of the Insurance Broking sector and that the same gesture would be extended to WAII.

Bowen-John, who came in company with the Deputy Director General of the Institute, Abdul Rasheed Akolade, said the visitation was to galvanise greater interest of Insurance Brokers in the Institute, going by the existing records which revealed that most of the students that attended the institution were sponsored by underwriting companies.

He promised that the new management of the Institute had brought with them qualitative years of human resources, administrative and insurance professional experience, which they would bring to bear in turning the fortunes of the industry around, to the delight of the promoters.