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NCRIB seeks deeper penetration of insurance in Nigeria

NCRIB seeks deeper penetration of insurance in Nigeria

The Nigerian Council of Registered Insurance Brokers (NCRIB) has restated its commitment to increasing insurance awareness and sensitisation exercise, in a bid to deepen penetration in the country.

Bola Onigbogi, president of the NCRIB received the new executive of the National Association of Insurance and Pension Correspondents emphasised the need to increase insurance acceptance as well as its contribution to the nation’s Gross Domestic Product (GDP).

Onigbogi said a lot of Nigerians are still ignorant of what values insurance can bring to their respective lives, while some still habour the misconception that insurance companies don’t pay claims, hence, the need to drive awareness and education from the media perspective to change this narrative.

She believes that the growth of insurance industry requires collective efforts, saying, the media is critical and an important stakeholder in the journey to develop the insurance segment of the nation’s economy.

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While appreciating the efforts of NAIPCO members in their drive to educate Nigerians through their informed write-ups and news reporting, she urged them to be positive in reporting as the death of the industry will also negatively reflect on the reporters covering the sector.

She applauded the current executives for embarking on series of projects aimed at complementing the efforts of Insurance companies and brokers to deepen Insurance penetration and acceptance, promising that, the council will, just as it has done in the past, continue to support the association in its plans to grow and develop the sector.

Similarly, Tunde Oguntade, the vice president, NCRIB said, the relationship between the council and the media, especially, insurance correspondents, has always been positive, promising to extend such gesture to the current executives of NAIPCO, so that, together, they can grow the industry.

“We have had a cordial relationship with your predecessors and the current executives at NCRIB are ever ready to support you to succeed in all your plans. We need to positively project the industry and we, the brokers, are already doing that through our several initiatives,” he pointed out.