By Bisi Bamishe
Nigerian Council of Registered Insurance Brokers (NCRIB) has called for the need to have better synergy between Insurance Brokers and arbitrators in the country.
NCRIB Executive Secretary, Mr. Tope Adaramola who made the call in Lagos, said that steeping up collaboration between NCRIB and Nigerian Institute of Chartered Arbitrators would shore up the image of the industry and enhance its public acceptability.
Mr. Adaramola who led the delegation of the NCRIB Secretariat to the Institute noted that the policy direction of the Council’s present leadership is to strive to collaborate with professional intuitions that could assist the Council and Insurance Brokers generally to accelerate insurance awareness and obviate the image challenges of the industry, generally.
He said that as professional intermediaries in the insurance value chain, Insurance Brokers were in a position to restore public confidence in the insurance industry by reducing areas of conflict between the insured and insurance companies.
In her response, the Registrar of the Institute, Mrs. Shola Oshodi-John disclosed that arbitration was the new way to resolve conflicts in social, business and professional relationships and that if fully imbibed, would help to reduce unnecessary litigations between insurance clients and insurance companies, particularly when claims arise.
She said the Institute has accelerated its collaboration with strategic institutions and the training of individuals to become professional arbitrators, making them more valuable in their professions and lives.
