Ooni of Ife, Oba Adeyeye Ogunwusi, has been named ambassador of insurance brokers in Nigeria.
The Nigerian Council of Registered Insurance Brokers (NCRIB) announced this in a statement on Friday.
The statement said that its president, Bola Onigbogi, made the declaration during a visit paid by a delegation of the council to the traditional ruler in his palace in Ile- Ife, Osun State.
Onigbogi said that the council picked the traditional ruler for the title because he had continued to demonstrate outstanding leadership and commitment to the growth of insurance broking profession in Nigeria.
She said that the capacity and growth of the insurance industry would be enhanced if notable figures like the royal father identified with the profession.
The NCRIB president appealed to the monarch to utilise his position among prominent traditional rulers to boost insurance in the country.
She said that this would promote the understanding of the pivotal role played by insurance, as a safety valve against perennial losses of property and lives at the grassroots.
“The 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.
“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,” she said.
Oba Ogunwusi promised to assist the industry to underscore the place of insurance as a risk-mitigating device among traditional rulers in the country.
