The National Insurance Commission (NAICOM) has reaffirmed its commitment to deeper collaboration and stronger market professionalism following a courtesy visit by the newly elected President of the Nigerian Council of Registered Insurance Brokers (NCRIB), Mrs. Ekeoma Ezeibe, FCIB. The visit, held on Thursday, November 13, 2025, at the Commission’s headquarters in Abuja, marked Mrs. Ezeibe’s first official engagement with the regulator since her investiture as the 17th President—and third female leader—of the Council.
Welcoming the delegation, the Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, congratulated Mrs. Ezeibe on her emergence, describing her ascension as a significant milestone for the brokerage profession and a testament to the growing influence of women in the industry. He emphasised the crucial role of brokers in the implementation of the National Insurance Industry Reform Agenda (NIIRA 2025), particularly in promoting market discipline, rebuilding public trust, and advancing professionalism.
The Commissioner, joined by senior management, assured the NCRIB leadership of continued support, noting that the brokerage community remains central to driving inclusion and strengthening the market’s credibility.
Mrs. Ezeibe, in her remarks, expressed deep appreciation for the longstanding support from NAICOM and outlined her administration’s priorities, which include strengthening compliance culture, improving documentation standards, enhancing the professional image of brokers, and expanding mentorship and capacity-building initiatives—especially for women and young practitioners. She clarified that many past compliance gaps stemmed from administrative oversights rather than negligence and pledged to close these gaps through closer engagement with the Commission.
Discussions during the meeting centred on improving ethical standards, enhancing communication and documentation quality, promoting women and youth inclusion, and deepening market awareness. Both parties also highlighted the need for unified messaging to help Nigerians better understand the value of insurance beyond statutory obligations.
The session produced several key action points, including the establishment of a NAICOM–NCRIB Joint Working Group to address compliance and market conduct issues, expanded training programmes for brokers, and strengthened public sensitisation on compulsory insurance and the role of brokers. Both institutions also agreed to hold regular leadership meetings to ensure sustained transparency and early resolution of emerging concerns.
The visit ended with an exchange of goodwill gifts and a group photograph, symbolising the renewed commitment to partnership. NAICOM and NCRIB reaffirmed their shared resolve to advance professionalism, enhance compliance, and build a more trusted and inclusive insurance sector as NIIRA 2025 reforms continue to reshape the industry.
