The chairman, Heirs Holdings, Tony Elumelu, has called for comprehensive retooling of the insurance broking profession as key to serve all the stakeholders on its lane of service and to achieve this all vital components of smart and simple addons he said must not be over looked.
Elumelu who delivered the keynote address at the Nigerian Council of Registered Insurance Brokers 60th anniversary today in Lagos Marriot Hotel, Ikeja, reiterated that insurance keeps families and their possessions intact, provides financial safeguards for businesses, creates employment, and generally advances the economy.
Putting the insurance broker in the foreground, Elumelu said the expertise of the insurance broker placed enormous responsibility from facilitating business placement to ensuring that claims are duly settled. In course of doing these, he said “Members of NCRIB have, over the years, facilitated insurance businesses in hundreds of billions of naira, delighted millions of Nigerians with their professional insurance services, and ensured that claims are duly settled.”
Promoting another landmark of the industry, he said through insurance, large volumes of fund are mobilised by way of premiums for investments, spurring the growth and development of the economy.
He continues, “With insurance, families receive financial security, assets are protected against hazards, and businesses continue to run with the assurance of financial compensation in the event of a loss.”
Notwithstanding the great achievements so far recorded, he said, “NCRIB still has a lot to offer its members and the Nigerian insurance industry as a whole.” In a cocktail he presented to advance broking, Elumelu said digital integration of insuring public and underwriters is apt and same applies to transiting from analogue processes to digital adoption.
Walking on memory lane, Elumelu said the smart looks of bankers made him aspire to be the banking profession and in a related position, he advised for raising of the profile of insurance professionals, “make it attractive for the younger generation.”
Heirs Holdings chairman, believes that forging alliances is a path way for brokers overall enhancement, “Apart from collaborating with other industry players, redefining the brokerage profession will entail collaboration with non-industry practitioners as well. Insurance remains a viable tool for financial inclusion in every country and Nigeria cannot be an exception.”