Kindly leave a comment and share
Chuks Udo Okonta
The Nigerian Council of Registered Insurance Brokers (NCRIB) is partnering owners of shopping malls and supermarkets to provide insurance covers for essential goods sold at their outlets.
The President of NCRIB Babatunde Oguntade, said this at a press conference held recently at the Council’s Secretariat in Lagos, adding that the partnership would afford shoppers the privilege to enjoy insurance services on precious items they buy at malls and supermarkets.
Oguntade submitted that the embedded insurance services would save shoppers the time wasted on searching for insurance having purchased choices items, noting that the items would be sold with the insurance elements embedded.
The NCRIB boss also at the event, showcased his achievements in office as the 22nd President, stating that
it is worthy of note that since his emergence as the 22nd President and Chairman Governing Board of the Council, he and his team have made conscious efforts to enhance the image of the Industry leveraging their Thrust of Office “Breaking New Grounds, Sustaining Legacies”.
He submitted that at his investiture more than a year ago, he set out with eight point agenda. “I indeed vowed to deploy my experience and God’s given grace and strength to serve our noble Industry, sustaining the legacies of our forerunners and opening more vista of business opportunities for members through strategic engagements,” he said.
He maintained that as at today, they have represented the Council at places of importance and made strategic visitation to people of influence. “We have engaged with key stakeholders, including government officials, industry leaders, and other relevant parties, to foster relationships, promote our members’ interests, and advocate for the growth of the insurance sector. These visits have enabled us to build bridges, address challenges, and explore opportunities for collaboration.
“Notable among these visitations include but not limited to Honourable Minister of Finance and Coordinating Minister of Economy, Wale Edun; Honourable Minister of Budget and Economic Planning, Senator Abubarkar Bagudu; Hon Minister of Marine and Blue Economy, Alh. Gboyega Oyetola, FCIB; Executive Governor of Osun State, Senator Ademola Adeleke; Ooni of Ife, Oba Enitan Adewusi, Ojaja II and Corps Marshal and Chief Executive, Federal Road Safety Commission (FRSC), Corps Marshal Mohammed Sheu,” he posited.
According to him, others include, Managing Director/Chief Executive Officer, Nigeria Socialist Insurance Trust Fund (NSITF), Oluwaseun Faleye; Director General/Chief Executive Office, National Health Insurance Authority, (NHIA), Dr. Kelechi Ohiri; Group Chief Executive Officer, Nigeria National Petroleum Company Limited, Mele Kolo Kyari; Director General, National Film and Video Censor Board (NFVCB), Dr. Shaibu Husseini and the Commissioner for Insurance, Segun Omosehin.
“We took this route in our bid to build relationships and network that would benefit our Members, irrespective of their status.”
He noted that the strategic visitations were expected to increase influence and credibility for the Nigerian Insurance Industry, especially, the Brokers; enhance business opportunities and growth; improve understanding and trust among stakeholders and stronger relationships and partnership. “By strategically visiting influential people, the Council can effectively represent the interest of the entire industry.
“Furtherance to our efforts on working together with other organisations to achieve common goals, in the context of the insurance and housing sectors, our Council’s collaborations with housing developers and government agencies to create affordable insurance products received considerable boost,” he added.
He said the Council participated in the 18th Africa International Housing Fair 2024, held in Abuja as well as the sixth and seventh NISH affordable housing seminar. This was a premier event for the housing and construction industry in Africa, he said.
“Similarly, we didn’t rest on our oars, we visited the leadership of the Nigeria Film and Video Censor Board, a government agency responsible for regulating the film and video industry in Nigeria,” he submitted.
The essence of this feat, Oguntade said was to ensure that they create the necessary opportunity for their members in the creative industry leveraging the number of practitioners in that broader sector that encompasses music, art, design, and other creative fields.