LCCI to collaborate with brokers to promote insurance

The Lagos Chamber of Commerce and Industry has promised that it will collaborate with the Nigerian Council of Registered Insurance Brokers to promote the acceptability of insurance by its members.
The LCCI’ s President, Olubunmi Toki, made the promise during a courtesy visit to the chamber by a delegation from the NCRIB.
A statement from NCRIB made available to the News Agency of Nigeria on Saturday in Lagos stated that the team was led by its President, Dr. Bola Onigbogi.
Toki noted that insurance, which plays catalytic roles in national economies of most nations, is at the butt of Nigeria’s financial services sector.
She said this was partly due to poor advocacy and strategies that could have helped to grow the sector.
She promised that the LCCI would, henceforth, promote insurance products among its members.
Onigbogi in her response applauded the LCCI, which she said had continued to be the vocal voice for the nation’s economic development.
She said insurance brokers, as the professional intermediaries in the insurance value chain, would always be engaged by the Chamber to strengthen the businesses of its member companies.
“This is especially in the area of risk management and insurance,” she said.
Onigbogi explained that under her leadership, NCRIB had increased its advocacy, particularly in the review of the laws on public procurement and health insurance.
She said this was undergoing review at the National Assembly.
She advocated insurance covers for the yearly trade fairs usually organised by the LCCI.