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Published On: Fri, Oct 20th, 2017

‘Brokers maintained professionalism during my tenor’….NCRIB boss

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From Ngozi Onyeakusi,Lagos

The outgoing President of insurance brokers practicing in the country under their umbrella body, the Nigeria Council of Registered Insurance Brokers (NCRIB), Mr Kayode Okunoren has expressed satisfaction that brokers maintained professionalism in their practice during his two year tenor as their president.
Okunoren stated this while delivering his valedictory speech in a press conference in Lagos. He said, this formed one his major achievements within the period, adding that it was made possible with assistance of the Commissioner for Insurance, Mohammed Kari.
He however noted that some members who were found on the part of default were corrected and educated. “I want to tell you that our members were very receptive and appreciated approaches we took.
We were able to make our members realize there are certain norms that they have to be abided by if they are to remain in a regulatory industry because of the nature of our business.
So all these were done, we have our investigation panel, we have our disciplinary committee, who will take investigations they have done. So it is a process, anything that leads to life and death, we can’t take it with levity.

“So I can’t see it retrogressing at all, with the way the regulatory body is going, obviously it is a question of making sure they are on your toes in doing the right thing. So once we are doing the right thing we must go forward. “
There should be group life insurance for the people working there or the machines they use. So as new risks which included cyber risks emerge, insurance will be there for them. You know we don’t have any cover for that at all but there are emerging businesses”, he assured.

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