Brokers seek more patronage from corporate institutions

 

 The President of the Nigerian Council of Registered Insurance Brokers(NCRIB) Ayodapo Shoderu(right), in a handshake with the Group Managing Director Geepee Group of Companies, Prakash Vaswani, when the former paid a visit to the NCRIB Secretariat in Lagos. With them is the Director, Human Resources NCRIB, Lukeman Adeleye (left) and the Council's Director of Finance, Mrs Lola Ogedengbe.

Chuks Udo Okonta

 

The President Nigerian Council of Registered Insurance Brokers (NCRIB), Ayodapo Shoderu, has urged corporate business institutions to utilise the services of brokers in sustaining their business prospect.

He gave the advice when the Chairman, Geepee Group of companies, Prakash Vaswani paid a courtesy visit to the NCRIB Secretariat in Lagos.

Shoderu noted that the fortunes of businesses and their sustainability are determined by risk management strategies put in place by management, of which insurance is pivotal.

"The extent of risk exposures by most business concerns, especially in the changing global environment calls for proactive initiatives by business managers and this will determine their continued existence," he said.

The NCRIB boss said insurance brokers assist their clients in maximising their insurances as they provide them with different profitable rates, in addition to their rendition of personalised services.

Shoderu disclosed that public confidence in insurance brokerage services had been enhanced by the promulgation of the NCRIB Act 2003 through which the Council regulates the ethical conduct of its members and provide them with regular training exposures, to catch up with changing dynamics of the profession.

Vaswani remarked that insurance brokers should be seen as partners in business progress, considering their value in risk mitigation.