The National Insurance Commission (NAICOM) on Thursday, November 13, 2025, hosted the newly elected President of the Nigerian Council of Registered Insurance Brokers (NCRIB), Mrs. Ekeoma Ezeibe, FCIB, who paid her first official courtesy visit to the Commission’s headquarters in Abuja.
The visit came barely weeks after her investiture as the 17th President—and the third woman to occupy the position—marking the beginning of a new phase of engagement between the insurance regulator and the brokerage community.
NAICOM Welcomes New NCRIB Leadership
Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, led the NAICOM management team in receiving the delegation. He congratulated Mrs. Ezeibe on her emergence, describing her leadership as “a milestone for the Council and a further testament to the growing influence of women in Nigeria’s insurance profession.”
Omosehin reaffirmed NAICOM’s commitment to a stronger partnership under the National Insurance Industry Reform Agenda (NIIRA 2025), saying:
“The brokerage community remains a critical partner as we push forward with NIIRA 2025. We count on NCRIB to help drive professionalism, boost market discipline, and rebuild public trust in the insurance sector. We look forward to meaningful collaboration under your administration.”
NCRIB President Sets Reform Priorities
In her remarks, Mrs. Ezeibe expressed appreciation for NAICOM’s continuous support and pledged to strengthen the Council’s role within the wider insurance ecosystem.
She outlined her administration’s priority areas, including:
- Strengthening compliance culture among brokers
- Enhancing documentation and communication processes
- Improving the professional image of the brokerage subsector
- Expanding training, mentorship, and capacity-building, particularly for women and young practitioners
Mrs. Ezeibe also noted that some past compliance issues were largely administrative and not deliberate misconduct, assuring the regulator that her leadership would adopt stricter internal controls and more proactive engagement with NAICOM.
Key Issues on the Discussion Table
The meeting focused on sector-wide challenges and areas where both institutions must collaborate more closely:
1. Strengthening Professional Standards
NAICOM emphasized the need for brokers to uphold their role as trusted advisers and maintain the highest ethical standards to reinforce public confidence.
2. Improved Documentation and Compliance
Both parties agreed on the need for better documentation and clearer communication to reduce disputes, especially around claims.
3. Support for Women and Youth Development
NAICOM pledged support for NCRIB’s agenda to broaden opportunities for women and nurture young professionals entering the sector.
4. Partnership on NIIRA 2025 Implementation
The Commission highlighted the essential role brokers will play in driving consumer education, market inclusion, and industry-wide reforms.
5. Enhancing Public Awareness
Both institutions agreed on the importance of unified messaging to increase public understanding of insurance and its socio-economic importance.
Agreements and Action Points
The meeting closed with both NAICOM and NCRIB committing to several concrete actions:
- Creation of a NAICOM–NCRIB Joint Working Group on compliance and market conduct
- Expansion of training and capacity-building programmes for brokers
- Joint public awareness campaigns on compulsory insurance and the role of brokers
- Regular bilateral engagement meetings to improve transparency and resolve emerging issues
The session ended with a symbolic exchange of goodwill gifts and a group photograph capturing NAICOM’s management team and the NCRIB delegation.
The courtesy visit reaffirmed the longstanding relationship between NAICOM and NCRIB and highlighted a renewed commitment to professionalism, stronger compliance, and industry-wide reform as both institutions work toward delivering a more trusted, inclusive, and competitive insurance marketplace under NIIRA 2025.
NAICOM has welcomed the new NCRIB President, Mrs. Ekeoma Ezeibe, FCIB, in Abuja, reaffirming stronger collaboration on NIIRA 2025 reforms, improved compliance, professionalism, and public confidence in Nigeria’s insurance industry.
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