Ooni of Ife becomes insurance broking ambassador

The Nigerian Council of Registered Insurance Brokers (NCRIB) has named the Ooni of Ife, Oba Adeyeye Ogunwusi, as an insurance broking ambassador in Nigeria.

The President of the Council, Dr. (Mrs) Bola Onigbogi, said this during a courtesy visit by the delegation of the council to the traditional ruler in his palace in Ile Ife, Osun State.

The NCRIB President noted that the traditional ruler had continued to demonstrate outstanding leadership and commitment to the growth of the insurance broking profession in Nigeria, stressing that the insurance industry’s capacity for growth would be enhanced if notable figures identified with the profession which she noted was the bastion of national economic growth.

Onigbogi implored the royal father to utilize his position in the comity of other prominent traditional rulers in the country to assist with the propagation of insurance to enhance their understanding of the pivotal place of insurance for strengthening of social relations at the grassroots as well as being a safety valve against perennial losses of property and lives.

“It is often the case that traditional rulers by virtue of their closeness to the grassroots 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,” Onigbogi said.

Responding, Oba Ogunwusi promised to assist the insurance broking profession and the industry generally to underscore the crucial place of insurance as a risk-mitigating device amongst traditional rulers in the country, stressing that there is no economy that could archive desired progress and development if insurance and risk management are not giving their deserved place.