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R- President of the Nigerian Council of Registered Insurance Brokers, NCRIB, Mr Rotimi Edu and the President of the Chartered Insurance Institute of Nigeria, CIIN, Dr. Muftau Oyegunle

By Favour Nnabugwu

The Nigerian Council of Registered Insurance Brokers (NCRIB) and the Chartered Insurance Institute of Nigeria (CIIN) have strengthen the ties of the two bodies to ensure the law on compulsory insurances.is enforced in the country

In a  statement released by the Corporate Affairs Manager, NCRIB, Dele Ayeleso, said though, there have been strident advocacy for the enforcement of the law as enshrined in Insurance Act 2003 by National Insurance Commission (NAICOM), significant momentum is yet to be generated with the law in the Country raising concern among operators and relevant stakeholders.

Receiving the NCRIB delegations led by its President, Rotimi Edu in Lagos, President of the CIIN, Dr. Muftau Oyegunle emphasized the need for industry stakeholders of which the NCRIB is paramount, to device a more ingenious strategy that would accelerate the momentum for compulsory insurance covering Builders Liability Insurance, Employers Liability Insurance, Motor 3rd Party Liability Insurance, Employers Liability Insurance (Group Life), Occupiers Liability Insurance, Healthcare Professional Indemnity Insurance.

L-  Deputy President, Chartered Insurance Institute of Nigeria, (CIIN) Edwin Igbiti; Director General, Nigerian Insurers Institute, Mrs. Yetunde Ilori; CIIN President, Dr. Muftau Oyegunle; President, the Nigerian Council of Registered Insurance Brokers, Rotimi Edu, Vice President, NCRIB, Mrs. Ekeoma Ezeibe; and Deputy President, NCRIB, Tunde Oguntade during a courtesy visit of NCRIB to CIIN in Lagos.

The CIIN President who applauded the leadership of the NCRIB said insurance Brokers constitute a critical segment of the Institute’s membership and its place in the insurance and financial services sector cannot be underestimated.

Oyegunle promised the support of the institute for the professionalism of broking practice by collaborating with the NCRIB on the proposed examination syllabus of Insurance broking of its membership.

Speaking earlier, President of the NCRIB, Rotimi Edu said his team’s visit was also to appraise the Institute leadership with its policy thrust anchored on “Brokers’ Centrism”.

Edu utilized the visit to inform the CIIN about the forth coming 60th anniversary of the Council, for which it sought the institute support.