Having been invested as the new president of the Nigerian Council of Registered Insurance Brokers (NCRIB) Bola Onigbogi said the focus of her administration will be building an image of the brokers and sustaining its legacies.

Onigbogi in her acceptance speech said there is no better time to improve the image and perception of Insurance Brokers than now.

“We shall face the daunting task of improving the perception of the Insurance Broker in the eyes of all members of the public through strategic actions that would involve the engagement of all stakeholders that Insurance Brokers relate with.”

According to her, the image of the Council and its members would be enhanced through the various indices of friendly, speedy, honest, and ethical considerations.

“We would be more strategic in first identifying those factors that attracts bad reputation to the Insurance Broker (within and without), and start to attend to them one by one through deliberate and strategic communication with relevant stakeholders within and outside the industry.”

“Insurance Brokers are not contractors but professional service providers like Lawyers, Doctors, etc who only offer services, and asking them to pay huge bidding fees is inappropriate if at all, the fees could be marginal.”

Also of concern, she said is government agencies charging fees to re-certify documents issued by them to Brokers such as licences, approved audited accounts, certificates of incorporation, tax clearances etc, which were issued to them by relevant government institutions.

“This is purely inimical and at crossroads with the Ease of Doing Business intentions of the President Buhari led administration.”

“We also appeal to the government, being the biggest spender and buyer of insurance to always release payments for premiums already budgeted for insurances as a way of motivating and growing the industry and by extension, national economy.”

According to her, the thrusts of her office shall be professionalism; enhancement of broking fraternity; manpower development for members; strong institution building &financial solvency, mentorship; trust and industry collaboration; government relations, relations with NAICOM; and international relations.

 

 

Modestus Anaesoronye is a leading Nigerian financial journalist with over two decades of experience reporting on the insurance and pension sectors across Nigeria and West Africa. He has held key editorial positions at major national media outlets, including The Comet, The Nation, and Financial Standard, and currently serves as a Senior Financial Analyst at BusinessDay Media Ltd. A widely travelled reporter, he has covered industry developments in more than 14 countries across Africa and Asia. Anaesoronye is a multiple award-winning journalist, honoured several times as Insurance Journalist of the Year and Pension Journalist of the Year by recognised industry bodies, including PensionScope and the Pension Fund Operators Association of Nigeria (PenOp), among others.

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