NAICOM tasks brokers on market devt, penetration

The National Insurance Commission (NAICOM) has urged Insurance Brokers to establish their presence in all the nooks and crannies of the country to accelerate insurance penetration and financial inclusion.

The Acting Commissioner for Insurance, Mr. Olorundare Sunday Thomas gave the advice when the delegation of the Nigerian Council of Registered Insurance Brokers (NCRIB)  led by its President Dr (Mrs) Bola Onigbogi paid a visit on the commission in Abuja.

Thomas said the vision to have the nation’s critical population accept and patronize insurance services would only be achieved if Brokers who are professional intermediaries extend more of their operations to remote areas of the country, rather than urban areas.

Responding to Dr. (Mrs) Onigbogi’s appeal on Insurance penetration, which is the cardinal focus of her thrust of office as the President and Chairman Governing Board of NCRIB, Mr. Thomas noted that the issue of enforcement of insurance in Nigeria has always been on demand and supply side.

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