Insurance

Brokers to evolve robust insurance policies for entertainers

From left: The Executive Secretary, The Nigerian Council of Registered Insurance Brokers (NCRIB), Mr. Tope Adaramola; Deputy President, Mr. Tunde Oguntade; Vice President, Mrs. Ekeoma Ezeibe; Former President, Actor Guild of Nigeria (AGN), Mr. Segun Arinze; President, NCRIB, Mr. Rotimi Edu, mni; Managing Director, Universal Insurance Plc, Mr. Benedict, Ujoatuonu and President, Lagos Chamber of Commerce and Industry at the April 2022 NCRIB Members Evening hosted by Universal Insurance Plc.

* Seeks insurance storyline in Nollywood

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Chuks Udo Okonta

Entertainers in the country can now give more to the society as insurance brokers have promised to partner their underwriting counterparts to develop arrays of policies to meet their needs.

The President, Nigerian Council of Registered Insurance Brokers (NCRIB), Rotimi Edu, said this when the broking fraternity played host to the former President, Actors Guild of Nigeria (AGN) Segun Arinze, at the April edition of the NCRIB Members’ Evening sponsored by the Universal Insurance recently in Lagos.

Edu, also requested that the Nollywood star should use his position as a scriptwriter to write an insurance story and have it acted to help drive insurance penetration and acceptance in Nigeria.

Arinze, called on Insurers to come to the aid of Nollywood members, stressing that
many of them do not believe that insurance could cover them. He charged insurers to create robust insurance packages that will take care of Nollywood members’ operations.

According to him, “It is so worrisome for us in the industry because some of us do not believe that insurance can cover us.”

Arinze who described the situation as unfortunate called on insurers to do something about Nollywood in order to save them from unfortunate occurrences.

While inviting insurers to avail themselves of the existing opportunities in the Nollywood industry which he described as ‘large’ and ‘humongous’ Arinze called on the underwriters to send their proposal to the Nollywood industry for study and consideration.

“Bring your proposal and let us see what you can offer. There are lots of opportunities in Nollywood. Nollywood is a very large and humongous market. Come with your package, we will sit with members of the industry and say, this is a new dawn, this is a new beginning, as members of Nollywood let’s begin to adopt insurance. If you come on board with your proposal, my colleagues and I will find a way to push it,” he promised.

He said Nollywood is a very big industry with so many professionals including Actors, Directors, Writers, Cameramen, Director of Photography, DOP, and Production Managers, adding that each of these people I have mentioned has different fields and associations.

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