Insurance brokers under the aegis of Nigerian Council of Registered Insurance Brokers (NCRIB) are not happy that they are still being made to pay bidding fees as prerequisite for offering insurance broking services to some companies and government institutions.
NCRIB President, Ayodapo Shoderu, stated this during the Member’s Evening of the council hosted in Lagos recently.
He said “May I seize this opportunity to again ventilate the views of the Council on the grievance of our members who are made to pay bidding fees as prerequisite for offering insurance broking services to some companies or government institutions. “Insurance Brokers, being professional service providers are like lawyers, architects and accountants who should not be placed under such burdens.
“The management is hereby dissuading members from paying such exploitative fees.
“The NCRIB –NIA Joint Technical Committee is working on the vexatious issue and it will soon be finally nipped in the bud.”
The NCRIB boss also urged that incoming government of President-Elect, General Muhammadu Buhari (rtd) to pay special attention to the insurance industry by eliminating all anti-insurance practices across the strata of government.
Among others, he said government must include insurance premiums in budgets of its agencies and encourage them to insure all assets against risks.
Meanwhile, Shoderu also informed that the NCRIB Secretariat has commenced collation of all up-to-date financial members, and is set for the publication of same in national newspapers for the 2015 year business year. This is in line with its statutory responsibility to publish the names of financial members of the Council in national dallies annually.
Considering the implication of the publication, he appealed to brokers who have not updated their financial status to do so without delay, adding that the NCRIB is not out to wittingly disqualify anyone of the benefit of being published.
Source : Independent