Brokers To Adopt Technology For Increased Insurance Penetration

The Nigerian Council of Registered Insurance Brokers (NCRIB) has urged insurance broking firms in the country to adopt technology to deepen insurance penetration.

The president of NCRIB, Rotimi Edu, while speaking at a press conference in Lagos, to mark the 60th anniversary of the council, noted that one of the greatest desires of all well-meaning operators in the industry is how to further deepen insurance in the country.

Hence, the council, he said, is not averse to any initiative to drive awareness through technology, even as it continues to advise its members to embrace shared services schemes in order to present a cohesive and formidable front for the overall benefit of the industry and economy.

Similarly, he disclosed that his council is already ingeniously creating avenues through strategic engagements with notable governmental and non-governmental institutions to deepen the industry in the country.

We would continue to support the industry regulator, that is, the National Insurance Commission(NAICOM) and other arms of the industry to achieve this purpose, he stressed.

Similarly, he unveiled planned activities for the celebration of the council’s 60th anniversary, stating that, the anniversary celebrations would be an epochal and landmark event worthy of celebration in the annals of the council.

He noted that it was expedient for the council to roll out drums in celebration of the anniversary as a way of appreciating the Almighty for the success story and past presidents and members that have contributed immensely to the building and development of the great institution.