Brokers instrumental in promoting stability, security in Business Environment- NAICOM
The National Insurance Commission (NAICOM) has highlighted the unique role insurance brokers play in the stability of business environment, noting that they facilitate critical financial protection as intermediaries.
The Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, who was represented by the Deputy Commissioner, Mr. Ekerete Olawoye Gam-Ikon, made the declaration in Uyo, Akwa Ibom State at the 2024 Nigeria Council of Registered Insurance Brokers (NCRIB) CEO’s Retreat, themed “Building Institutions That Survive Their Promoters” adding that in today’s rapidly changing world, the concept of building enduring institutions was more relevant than ever.
Omosehin, emphasized that institutions that outlive their founders represented sustainability, resilience, and continuous excellence, becoming pillars of strength for our communities and guiding us through times of change and uncertainty.
He disclosed that at NAICOM, there was a deep commitment to creating lasting legacies, adding “this commitment is built on robust governance, innovation, and an unwavering dedication to ethical practices. These principles not only ensure the longevity of institutions but also foster trust and confidence among stakeholders.”
He explained the crucial role insurance brokers play in this endeavour, adding “as intermediaries who facilitate critical financial protection, brokers are instrumental in promoting stability and security whose efforts contribute to a safer and more predictable environment for businesses and individuals alike.”
He opined that the discussions and insights shared during the retreat would illuminate strategies and best practices to ensure that the institutions built today will thrive for generations to come.
Omosehin charged all participants to use the opportunity to collaborate, learn from each other, and reinforce the insurance industry’s collective mission to create sustainable futures.
