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NCRIB gets Ooni’s backing for grassroots policy uptake


The Nigerian Council of Registered Insurance Brokers has named the Ooni of Ife, Oba Adeyeye Ogunwusi, as the Insurance Broking Ambassador in Nigeria, in a move aimed at reaching the grassroots.

The President of the Council, Dr. Bola Onigbogi, said this when she led members of the NCRIB on a courtesy visit to the traditional ruler in his palace in Ile Ife, Osun State.

Onigbogi implored the royal father to utilise his position among the comity of prominent traditional rulers in the country to assist with the propagation of insurance.

She said this was necessary to enhance their understanding of the pivotal place of insurance to strengthen social relationship at the grass roots as well as being a safety valve against perennial loss of property and lives.


The NCRIB boss noted that the traditional ruler had continued to demonstrate outstanding leadership and commitment to the growth of the insurance broking profession in Nigeria.

She stated that the insurance industry’s capacity for growth would be enhanced if notable figures were identified with the profession noted as the bastion of national economic growth.

“It is often the case that traditional rulers by virtue of their closeness to the grass roots are often the first point of contact by the people, especially when they suffer a loss and the embrace of insurance by the people would reduce the misery they often suffer and at the same time enhance the relevance of the traditional rulers to the people,” she said.

The royal father, while responding, promised to promote the insurance broking profession, stressing the crucial place of insurance as a risk mitigating sector in the country.

He stated that there was no economy that could achieve desired progress and development if insurance and risk management were not giving their deserved place.

Meanwhile, the Governor of Osun State, Gboyega Oyetola, also said the state will continue to deploy insurance as a prudential strategy for protecting the human and material assets of the state.

He noted that the state was already working out ways to collaborate with the National Insurance Commission to grow the industry and accelerate its acceptance in the state by giving impetus to the law on compulsory insurance.

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