Insurance: Akinbami Wants NASS To Make Brokers Gate Keepers

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Vincent Akinbami

By; PETER NOSAKHARE, Kaduna

Immediate past Chairman of Nigerian Council of Registered Insurance Brokers, NCRIB, Kaduna State Chapter, Mr. Vincent Akinbami has urged the National Assembly to make a law that will make it compulsory for all insurance policies to pass through insurance brokers.
He argued that it was important to do that to ensure that the insured get their claims and enter into the right policies that suit their lines of business, since, insurance brokers are the intermediaries for the insured and the insurance companies.
He gave this advise at the formal handing over to a new executive that will handle the affairs of the council for another two years.
Mr. Akinbami said it has become necessary to enact this law as most clients enter into wrong policies because must underwriters are out to make profit for their organizations, hence their clients are not properly informed on the benefits of been insured and most times don’t get the claims they deserve.
“Most clients enter into wrong policies because they do not know the importance of going through an insurance broker when entering into such policies and are unaware of the proper claims they deserve,” he explained.
Responding to Mr. Akinbami’s plea, newly elected Chairman of NCRIB, Northern Area Committee and Kaduna state chapter, Alhaji Rahuf Akinade pledged to build on the achievements of the past executive and encourage training and capacity building of members.
He also promised to create awareness on the importance of insurance brokers while calling on members to desist from unhealthy practices that will tarnish the image of the profession.
“I urge members to be professional at all cost and avoid unhealthy practices, because I have resolved to work with every member and to give my best at ensuing members adhere strictly to the laws and rules of the profession. It is my will to make we promote the profession by involving the media in our activities,” he added.
Akinade pledged to host constant retreats for members to encourage unity and promote professionalism .
In his statement, outgoing Northern Area Committee Chairman of NCRIB, Alhaji Olalekan Olaniran advised members to emulate and respect elders in the profession so as to build on their experiences and help move the profession and the Council to greater heights.
He added that members should take issues of the Council seriously,  pay their levies and attend meetings regularly.
Members of the new executive are; Shobowale Olasunkanmi, Vice Chairman Kaduna state chapter, Emmanuel Akuboh, General Secretary, Nasiru Mohammed Mamanda, Assistant General Secretary, Boniface Ugbe, Public Relations Officer, while Ibrahim Mohammed is Auditor, Umar Babangida, Treasurer and Bayo Adeoti is Financial Secretary.

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