Insurance Operators Strive For Increased Contribution To GDP

By Sola Alabadan

As part of efforts to increase the contribution of the Nigerian insurance industry to the nation’s Nigeria Gross Domestic Product (GDP), the operators are striving to forge more synergy, thereby facilitating the growth of the industry.
To this end, the Nigerian Council of Registered Insurance Brokers (NCRIB) led by its President, Mr. Rotimi Edu, led the Council’s delegation on a visit to the Nigerian Insurers Association (NIA) in Lagos recently.
Edu said that the industry’s crave for cohesion and professionalism for effective services rendition to the public could only be achieved if Insurance Brokers who are members of the NCRIB accelerate their collaboration with Underwriters under the aegis of the NIA.
“Revitalisation of the various Joint and Technical Committees of the industry is being put at the front burner to facilitate effective sharing of information between our two unique professional divides in the industry”, Edu stated.
The NCRIB President pleaded that the insurance operators should always see themselves as partners in progress, rather than competitors, in order to project an acceptable front before the insuring public.
Earlier, the outgoing Chairman of the NIA, Mr. Ganiyu Musa, pledged the readiness of the NIA to cooperate with Insurance Brokers body to reenergize the Joint Technical Committee, noting that no effort should be spared in exchanging information with a view to making the industry vibrant and contribute to the national economy.