Insurance

NCRIB seeks insurance cover for LCCI’s yearly multi-billion Naira trade fairs

From left: The Executive Secretary, Nigerian Council of Registered Insurance Brokers (NCRIB), Fatai Adegbenro; Deputy President (NCRIB), Rotimi Edu, MNI; President (NCRIB), Mrs Bola Onigbogi; President, Lagos Chamber of Commerce and Industry, (LCCI), Mrs Toki Mabogunje; Vice President, (NCRIB) Tunde Oguntade and Director General, LCCI, Muda Yusuf during a courtesy visit of NCRIB team to LCCI office in Lagos.

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Chuks Udo Okonta

The President of the Nigerian Council of Registered Insurance Brokers (NCRIB), Dr. (Mrs) Bola Onigbogi, has advocated insurance covers for the yearly trade fairs organised by the Lagos Chamber of Commerce and Industry (LCCI) and the procurement of health and travel insurance for enhancement of the image of the Chamber and protection of the delegates.

She said this during a courtesy visit by the Nigerian Council of Registered Insurance Brokers team to the Lagos Chamber of Commerce and Industry in Lagos.

She applauded the roles of the LCCI in being the vocal voice for the nation’s economy and advocated the support of the Chamber in the new direction of the Council towards strategic engagement and image management under the new management of the Council’s leadership.

Onigbogi opined that insurance brokers who are the professional intermediaries in the insurance value chain could always be engaged by the Chamber to strengthen the businesses of its member companies, especially in the area of risk management and insurance.

The NCRIB President disclosed that under the present leadership of the Council the NCRIB has increased its advocacy, particularly on the review of the laws on public procurement and health insurance which are undergoing review by the national assembly.

The President of the Chamber, Mrs. Olubunmi Toki, in her remark, promised to collaborate with the NCRIB to accelerate advocacy for insurance awareness and acceptance by critical segments of the nation’s society.

Mrs Toki noted that insurance which plays catalytic roles in national economies of most nations is at the butt of Nigeria’s financial services sector, partly due to poor advocacy and strategies for growing the sector and promised that the LCCI would accelerate its interest in strengthening the industry’s public awareness initiatives.

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