Insurance Brokers Key to Insurance Penetration in Nigeria says Olatunde- Agbeja

A former President of the Nigerian Council of Registered Insurance Brokers (NCRIB) and Chief Executive Officer of Boff & Company Insurance Brokers, Babajide Olatunde-Agbeja, has said that the Insurance Brokers are very key to the penetration and growth of the insurance sector in Nigeria.

Olatunde- Agbeja stated this during a special media parley held in Lagos on Tuesday as part of activities lined up for Boff & Company Insurance Brokers upcoming 25th Anniversary billed to hold in October.

He urged the relevant authorities to enact a law that would make it mandatory for individuals and corporate organisation to be able to buy insurance through only registered and licensed insurance brokers as it is obtainable in the capital market where only duly  registered stock brokers can sell companies listed stock and also in some developed countries of the world especially in the United Kingdom where only Lloyd’s insurance brokers can transact insurance business with the insurers or syndicates at Lloyds of London.

Olatunde-Agbeja disclosed that one of the unique selling points of Boff & Company Insurance Brokers Limited  among other insurance brokers in Nigeria is the fact that the company takes claims processing and settlement very serious to ensure that its clients gets their claims as and when due, which he said has earned them more clients through referrals from satisfied clients.

Speaking on the role of the industry regulators he said: “The National Insurance Commission (NAICOM) has been doing a good job in supervising and regulating our industry and many radical policies have been introduced to improve our operations. Ours is a zero tolerance for non-compliance with NAICOM regulations.”

Commenting on the 25th anniversary of the company, Agbeja stated that Boff & Company Insurance Brokers Limited has built for itself an entity that is noted for Efficiency, Professionalism, Integrity and Personalized Services which “our clients have come to know us for”.

Also speaking at the media parley, a Director and Shareholder of the company, Kalada Apiafi stated that one of the key success factors for the company is its investment in human resources, through continuous training of staff members, both locally and internationally, as this is necessary to keep them informed on contemporary issues in insurance brokerage and also prepare them to educate the clients.

Speaking on some of the plans for the anniversary, Apiafi stated that apart from the anniversary event billed to hold in October 2016, the company has a plan to donate an Information Communication Technology room to Ibadan Boys High School directly opposite the company’s head office in Ibadan to enable students of that school to be computer literate at a young age.

*Photo shows (L-R) Chief Executive Officer, Boff & Company Insurance Brokers Limited, Chief Babajide Olatunde-Agbeja, Director of the company, Mr. Kalada Apiafi, General Manager, Mr. Kunle Omokemi and Assistant General Manager, Mrs. Nike Akintunde Lawal.

Leave a Reply