NCRIB places hurdles on admission of new members

From Left:  Managing Director/Chief Executive Officer Old Mutual Nigeria Life Assurance Company Limited, Keith Alford; President Nigerian Council of Registered Insurance Brokers (NCRIB) Ayodapo Shoderu and Executive Director Sales and Marketing Old Mutual Nigeria Life Assurance Company Limited, Bayo Adeyeye at the event.

Chuks Udo Okonta

Individuals seeking to establish insurance broking firms will henceforth scale several hurdles before they can be admitted as members of the Nigerian Council of Registered Insurance Brokers (NCRIB), Inspen can report.

President NCRIB Ayodapo Shoderu, at the council’s members evening hosted by Old Mutual Life  Assurance Company Limited, today Tuesday in Lagos, said the body will be more stringent in admission of new members to prevent infiltration of the broking world by opportunists who may want to borrow the garb of insurance brokers under whatever guise.

He noted that whatever bad name the insurance industry has attained today could be said to have been caused by the activities of these unethical practitioners who are always set to dupe unsuspecting insurance clients, adding that this trend must stop.

Shoderu urged members to continually compliment the efforts of the national secretariat in the enforcement of ethics and elimination of charlatans, adding that the task is a collective one and it behoves operators to mount surveillance across the zones of the country to ascertain those who are practicing as insurance brokers illegally, with a view of bring them to book.

Managing Director/Chief Executive Officer Old Mutual Life Assurance Company Limited, Keith Alford, called for more collaboration between brokers and underwriters, stressing that the job of taking the industry to a lofty heights rests on both parties.

He noted that his company seeks to be number one or two in the industry, adding that to achieve this, the company is focused on identifying the needs of Nigerians, creation of financial education, innovation and customers’ friendliness.

Soladoye

Managing Director Riskguard-Africa Nigeria Limited Yemi Soladoye, who sought to know the new things Old Mutual is bringing into the industry, urged the company to evolve products that would meet the needs of the public, and also render first class services.