NCRIB Endorses Universal Insurance Amid Infrastructure Praise

The Nigerian Council of Registered Insurance Brokers (NCRIB), represented by Ekeoma Ezeib, praised the Federal Government's infrastructure development initiatives during an event in April. Ezeib noted that these reforms create insurance assets and job opportunities, contributing to the economy.

She expressed concern about the insurance sector's role in Nigeria's economic growth and highlighted the need for brokers to adapt to these changes. NCRIB endorsed Universal Insurance PLC (NGX: UNIVINSURE) as a worthy underwriter for broker patronage.

Ezeib pointed out various government reforms that have unlocked value in the insurance market, including foreign exchange market unification and transparency restoration. She mentioned specific infrastructure projects, such as the Lagos-Calabar coastal highway and new industrial roads in Abia, which could benefit from insurance coverage.

Dr. Japhet Duru, Managing Director and CEO of Universal Insurance PLC, acknowledged the crucial role of brokers in the company's growth and emphasized the importance of mutual respect and shared goals in their partnerships.