NAICOM Urges NCRIB’s Partnership On NIIRA Implementation
Nigeria’s apex insurance regulator, the National Insurance Commission (NAICOM) has solicited the cooperation of the Nigeria Council of Registered Insurance Brokers (NCRIB) in implementing the provisions of Nigerian Insurance Industry Reform Act (NIIRA) 2025.
The Commissioner For Insurance/Chief Executive Officer, Mr. Ayo Omosehin made the appeal at the investiture of Mrs. Ekeoma Ezeibe’s as the 23rd President of NCRIB in Lagos.
The NAICOM boss posited that the synergy between the brokers and the regulator is a veritable platform capable of transforming the sector and contribute significantly to the nation’s economy.
“We invite the NCRIB, under Mrs. Ezeibe’s leadership, to actively partner with the Commission in implementing the provisions of NIIRA 2025. NAICOM remains open to dialogue and committed to harmonizing the roles of all industry players”, he said.
“Let your tenure be defined by bold decisions, ethical leadership, and transformative impact. The future of our industry depends on visionary leaders like you.
Together, let us build an insurance market that serves Nigerians better and strengthens our economy”.
He aldo urged the NCRIB President on innovation and virtue that are capable of deepening penetration and enhancing trust.
“Mrs. Ezeibe, as you assume this esteemed role, I charge you to lead with: Professionalism that sets new benchmarks; inclusion that brings every Nigerian into the safety net;
innovation that transforms how we serve; trust that anchors our market’s reputation”, he said.
He charged brokers to carry out their primary duties as required of them while so introducing innovations that work together for the food of the entire sector and facilitate the sector’s contribution to Nigeria’s economy.
He urged the Council to professionalize these capabilities through training, peer review, and accountability. The reputation of our market is inseparable from the reputation of its brokers.
He further notes the leadership capabilities of the NCRIB President in previous insurance industry-related assignments.
He said, “Of note is her strategic leadership as Chairperson of the Nigerian Insurance Industry Committee on AfCFTA (NII-AfCFTA).
“Under her guidance, the Committee has championed industry enlightenment, capacity building, and policy advocacy to ensure the Nigerian insurance industry is well-positioned to harness the opportunities of the African Continental Free Trade Area”.
The Commissioner For Insurance expressed confidence in Mrs. Ezeibe’s ability to drive the industry to greater excellence.
“In insurance, perception and performance are inseparable. Trust grows when our actions meet stakeholder expectations. Under Mrs. Ezeibe’s leadership, I am confident the NCRIB will champion these imperatives and drive our industry toward greater excellence”.
