The Commissioner for Insurance (CFI) Mohammed Kari has assured insurance brokers of protection and better recognition by the commission.
Kari said the brokers are the engine room of the insurance sector and should be fully supported to be able to deliver on their mandate.
Speaking at the Nigerian Council of Insurance Brokers (NCRIB) members evening hosted by NICON insurance in Lagos, the commissioner, affirmed his readiness to promote insurance business, entrench transparency and accountability in the system.
He also urged practitioners to imbibe the spirit of genuine competition assuring that the National Insurance Commission (NAICOM) will promote and drive policies that will enhance insurance practice in the country.
Kari promised to fight quacks in the system with the view to rebranding the industry and make it the toast in the country’s financial sector.
He said, “if we shout the mantra of change, we should change as individuals and as professionals. We should carry the profession with pride and raise our voice for protection, we are the most maligned in the financial sector”.
In his welcome remarks, the president of the NCRIB, Ayodapo Shoderu, urged the commissioner to impress on government to ensure enforcement of the compulsory insurances.
Shoderu, said the increasing cases of disaster has made it imperative for all sectors of the economy to embrace insurance.
He said the council is currently discussing with stakeholders in the aviation industry to take insurance seriously.
While he commiserated with families of those who lost their lives at the Bristow Helicopter crash in Lagos, the president said adequate insurance cover is needed to support families in the event of such occurrence.