The new President, Nigerian Council of Registered Insurance Brokers, Mr. Shola Tinubu, has said that the council plans to grow retail business and ensure the implementation of the new growth plan.
He said this during his maiden press briefing in Lagos, adding that his main policy thrusts would be institution building entailing seamless succession plan; streamlining of office of president to a ceremonial role; value addition to members; prudence and cost reduction as well as acceleration of revenue sources for the council; enforcement of ethical standards; and effective collaboration with other industry operators and the National Insurance Commission
The broker said, “As part of our agenda, 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.”
He noted that the council would ensure institution building by looking holistically into the structure within the purview of law, with the aim to building an enduring framework for the council.
Tinubu added that he was looking towards a council that would be able to relate with other regulatory bodies on behalf of the brokers without interference.
“We shall encourage members to embrace ethical practices, promote self-regulation and strengthen the investigation and disciplinary committees of the council to be able to meet the daunting task of entrenching sound discipline and ethics among our members.
Having realised that no constituent body could stand alone but would be more effective through effective collaboration, he said the administration would forge more progressive relationship with other stakeholders in the industry, namely: the Nigerian Insurers Association, Chartered Insurance Institute of Nigeria and the Institute of Loss Adjusters of Nigeria.