The Nigerian Council of Registered Insurance Brokers and the Nigerian Institute of Chartered Arbitrators have created a joint team that will enhance insurance image.
This was pulled through when the NCRIB delegation led by the Executive Secretary, Mr. Tope Adaramola visited the Arbitrators body in Lagos and both bodies set the collaboration course rolling to shore up the image of insurance and enhance public acceptability.
Mr Adaramola said the present leadership of the council is set to collaborate with professional institutions that would assist it and its members to accelerate insurance awareness and deflate the insurance image challenge. He said the insurance brokers were poised to reduce the areas of conflict between the insured and insurance companies.
Responding the Registrar of the Institute, Mrs Shola Oshodi-John, said arbitration is gaining uptick as the profound way to resolve conflicts in social, business and professional relationships and when 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.