Brokers will stem unpaid claims challenge, says NCRIB

Until the public understands the role of brokers, the allegation of non-payment of claims and other consequential image challenges would remain, the President, Nigerian Council of Registered Insurance Brokers (NCRIB) Dr. Bola Onigbogi, has said.

She spoke at the Council’s Member’s Evening hosted by Heirs Insurance Limited (HIL) and Heirs Life Assurance Limited (HLA) in Lagos.

She stated that she would ensure that the Council becomes an indispensable entity in the industry’s value chain.

She said: “We are not relenting on our oars; we will still forge ahead and ensure that no insurance policy will be placed without the input of an insurance broker.

“I am convinced beyond limit that until the public understand fully the roles of brokers, the allegation of nonpayment of claims and other consequential image challenges in the industry would remain.’’

The Acting Managing Director, Dr. Adaobi Nwakuche, Heirs Insurance described NCRIB as an important stakeholder in insurance.

The Managing Director, Heirs Life Assurance, Niyi Onifade, introduced some of the products the company is bringing to the market. They include its savings and investment products, term life and group life plans for employees.