The new President of the Nigerian Council of Registered Insurance Brokers (NCRIB), Shola Tinubu has said that his tenure will make the insurance broking profession stand at par with its counterparts anywhere in the world, and he has drawn a ten year agenda in agreement with the deputy president and Vice President to ensure that his tenure leave behind a secure institution to upcoming generation.
Tinubu while speaking at the maiden press conference of his tenure said “Prior to the investiture ceremony, my team and I had worked assiduously to arrive at one, but octopus sustainable agenda, that will ensure that Insurance Broking profession stand at par with its counterparts anywhere in the world. Definitely, this is an agenda that is intended to outlive this tenure and that is why, both the Deputy and Vice President of the Council had been deliberately made a part of its conception and subsequently the implementation.”
Speaking further the president said his agenda and vision is to project NCRIB as a strong institution that will be propelled by professionalism, adding that as a body that has international affiliation with organization like British Insurance Brokers Association (BIBA), the council is under obligation to benchmark its operation and growth pattern with such global institution.
Part of the agenda, according to Tinubu is to look holistically into the structure within the purview of law with the aim to building an enduring frame work for the Council. He said, “I am looking towards a Council that will be able to relate with other regulatory bodies on behalf of the Brokers without interference. For instance, it should be the responsibility of the Council to relate with the National Insurance Commission (NAICOM) on behalf of the Brokers, bearing in mind that the President is primarily a broker with interest.
“We will open up retailing business which will increase insurance penetration. The Council will also continually invent ingenious programmes and explore opportunities for our members to enhance their interest and commitment to the NCRIB as their professional body.
“Bearing in mind the challenging economic climes that we operate today, the Council will see to it that all avenues to generate more revenue are deployed. We shall explore all our latent potentials and see to it that they become cash cows for us, bearing in mind that our Council does not enjoy any form of subvention or statutory financial support from any quarter.”
“We shall continue to educate our members on areas that would assist them to effectively adhere to regulatory mandates of NAICOM and would not shy in interfacing between them and the Commission for a peaceful and progressive practice. We shall continue to strengthen the Help Desk, to assist members which have issues with the Commission with a view to resolving them,” he added.
Tinubu however vowed to forge more progressive relationship with other stakeholders like the Nigerian Insurers Association (NIA) and the Chartered Insurance Institute of Nigeria (CIIN) in the industry, adding that the council will be more proactive in dealing with industry issues and stop at nothing to ensure positive relationship that will project the industry in positive light.