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NCRIB gives brokers survival tips

By on December 28, 2013

The Nigerian Council of Registered Insurance Brokers has proffered strategic partnerships, mergers and acquisitions as survival options for insurance brokerage practitioners in Nigeria.

The President of the council, Mr. Ayodapo Shoderu, said the options were to remove the threats to intermediation business that had the capacity of affecting practitioners in the country.

He said this during the December edition of the NCRIB members evening in Lagos, according to a statement on Thursday.

Shoderu also advised growing businesses to begin to imbibe shared service schemes in order to reduce the costs of business operation, which could affect their growth.

“It is not out of place if brokers begin to look at wider opportunities in the area of risk management, in order to earn more income. The field is quite green for those members that could explore and are amenable to progressive change,” Shoderu noted.

He said that he intended to transform the NCRIB to a league of reputable practitioners through the provision of quality services by all its members to the insuring public.

“If interested members of the public join some other reputable associations and even high profile clubs and societies without persuasions, the NCRIB would inch up its relevance to such an attractive level if practitioners agreed to up their delivery to clients,” he said.

The Acting Managing Director, Wapic Insurance Group, Mr. Ashish Desai, said the company decided to host members of the council as part of its strategic partnership initiatives.

He said that the company intended to surpass its known rich heritage of quality insurance service delivery, which would be buoyed by solid human resources management and strong marketing initiatives.

 

 

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