Industry stakeholders have emphasized the need for insurance operators to form new synergy towards the sector’s growth by increasing their contribution to the Gross Domestic Product (GDP) in the country.
The charge was given during a meeting between the Nigerian Council of Registered Insurance Brokers (NCRIB) led by its President, Rotimi Edu when the Council’s delegation visited the Nigerian Insurers Association (NIA) to find new ground to improve insurance products’ penetration in the country.
Edu while speaking said that the industry’s craving for cohesion and professionalism could only be achieved if brokers, who are members of the NCRIB, accelerated their alliance with underwriters under the aegis of the NIA.
According to him, the revitalisation of the various Joint and Technical Committees of the industry is being put at the front burner to facilitate the effective sharing of information between the two unique professional divisions in the industry.
The immediate past Chairman of the NIA, Ganiu Musa, pledged the readiness of the NIA to cooperate with the broker’s body to re-energise the Joint Technical Committee, noting that no effort should be spared in exchanging information to make the industry vibrant and contribute to the national economy.
Musa noted that the insurance business is a unique one, which has been set up to help clients effectively manage their risks, including theft, accidents, robbery, injuries, manmade and natural disasters, and even death, thereby ensuring peace of mind through risk transfer and efficient insurance claims.
“The industry has numerous bespoke products and services to cater for the insurance needs of all strata of society, including individuals, families, groups, associations, businesses, and large organisations, Musa said.”
