NCRIB so­lic­its Ooni’s sup­port for in­surance growth

The Punch - - MONEY - Nike Popoola

THe Nige­rian Coun­cil of Reg­is­tered In­surance Bro­kers has named the ooni of Ife, oba Adey­eye ogun­wusi, as the In­surance Broking Am­bas­sador in Nige­ria.

The Pres­i­dent of the Coun­cil, Dr Bola onig­bogi, said this when she led mem­bers of the NCRIB on a cour­tesy visit to the tra­di­tional ruler in his palace in Ile Ife, osun State.

onig­bogi im­plored the royal fa­ther to utilise his po­si­tion among the comity of prom­i­nent tra­di­tional rulers in the coun­try to as­sist with the prop­a­ga­tion of in­surance.

She said this was nec­es­sary to en­hance their un­der­stand­ing of the piv­otal place of in­surance to strengthen so­cial re­la­tion­ship at the grass roots as well as be­ing a safety valve against peren­nial loss of prop­erty and lives.

A state­ment said the NCRIB pres­i­dent noted that the tra­di­tional ruler had con­tin­ued to demon­strate out­stand­ing lead­er­ship and com­mit­ment to the growth of the in­surance broking pro­fes­sion in Nige­ria.

She stated that the in­surance in­dus­try’s ca­pac­ity for growth would be en­hanced if no­table fig­ures were iden­ti­fied with the pro­fes­sion noted as the bas­tion of na­tional eco­nomic growth. onig­bogi said, “It is of­ten the case that tra­di­tional rulers by virtue of their close­ness to the grass roots are of­ten the first point of con­tact by the peo­ple, es­pe­cially when they suf­fer a loss and the em­brace of in­surance by the peo­ple would re­duce the mis­ery they of­ten suf­fer and at the same time en­hance the rel­e­vance of the tra­di­tional rulers to the peo­ple.”

Ac­cord­ing to the state­ment, while re­spond­ing, ogun­wusi promised to pro­mote the in­surance broking pro­fes­sion, stress­ing the cru­cial place of in­surance as a risk mit­i­gat­ing de­vice in the coun­try.

He stated that there was no econ­omy that could achieve de­sired progress and de­vel­op­ment if in­surance and risk man­age­ment were not giv­ing their de­served place.

mean­while, the Gov­er­nor of osun State, mr Gboyega oyetola, has said that osun State will con­tinue to de­ploy in­surance as a pru­den­tial strat­egy for pro­tect­ing the hu­man and ma­te­rial as­sets of the state.

It stated that oyetola spoke when a del­e­ga­tion of the NCRIB, onig­bogi, paid him a cour­tesy visit.

He noted that the state was al­ready work­ing out ways to col­lab­o­rate with the Na­tional In­surance Com­mis­sion to grow the in­dus­try and ac­cel­er­ate its ac­cep­tance in the state by giv­ing im­pe­tus to the law on com­pul­sory in­surance.

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