NCRIB rallies brokers on risk consulting
L-R: Immediate Past President of the Nigerian Council of Registered Insurance Brokers, Prince Babatunde Oguntade; Vice President, Mr. Rotimi Adewole; Deputy President, Mrs. Olufunke Adenusi, mni; President, Mrs. Ekeoma Ezeibe; Executive Director, Operation, NPF Insurance Company Limited, Dr. Mac Ekechukwu; Executive Director, NPF Insurance, Mrs. Rose Wende and Executive Secretary/CEO, NCRIB, Mr. Tope Adaramola at the June 2026 Edition of NCRIB Members' Evening hosted by NPF Insurance Company Limited held in Lagos
Nike Popoola
The Nigerian Council of Registered Insurance Brokers (NCRIB) has urged insurance brokers to transcend traditional policy sales and assume the full role of risk consultants, as the industry navigates economic headwinds and the post-recapitalisation landscape.
President and Chairperson of the NCRIB Governing Board, Mrs. Ekeoma Ezeibe, FCIB, gave the charge at an industry event hosted by NPF Insurance Company Limited, where she outlined the Council’s strategic priorities and paid tribute to its late Past President, Mr. Oluwarotimi Edu, mni, FCIB.
Mrs. Ezeibe described the 2026 CEOs’ Retreat in Umuahia, Abia State, as “historic,” commending the massive turnout and “intellectually rigorous” engagement of CEOs, Managing Directors, and Principal Officers.
She noted that deliberations on leadership, succession, technology adoption, regulatory compliance, and market relevance produced a shared roadmap that will guide NCRIB’s advocacy and training agenda for the year.
.According to Mrs. Ezeibe, NCRIB fielded its largest delegation to BIBA in history, with over 19 per cent comprising Young Insurance Professionals under 40.
“That number is significant. It means our succession plan is working. Global exposure is no longer reserved for a few. The next generation is already building networks, learning best practices, and bringing fresh ideas home,” she said,
Addressing Nigeria’s economic realities, the NCRIB President acknowledged inflationary pressure, FX volatility, rising operational costs, and tighter consumer spending.
However, she stressed that uncertainty elevates the relevance of risk management. “When businesses face supply chain shocks, when individuals worry about health and asset protection, when investors demand resilience, that is when the professional insurance broker becomes indispensable,” Ezeibe stated.
“Our role is no longer just to sell a policy. It is to diagnose risk, design solutions, negotiate value, and defend our clients when it matters most. In a tough economy, bad advice is expensive. Good broking is priceless.”
With the recapitalisation of insurance companies nearing conclusion, she urged brokers to monitor which underwriters meet the new capital thresholds, describing the information as “germane for our clients’ interest and our own credibility.”
