Understanding Insurance Brokers
Understanding Insurance Brokers: Insights from the Association of Professional and Practicing Insurance Brokers of Nigeria. Insurance is an essential part of financial security, yet many people overlook the benefits of using an insurance broker. The Association of Professional and Practicing Insurance Brokers of Nigeria (APPIBON) aims to change this narrative. Incorporated on June 13, 2013, APPIBON focuses on promoting the use of insurance brokers and enhancing industry standards.
Table of Contents
The Role of Insurance Brokers
Insurance can be complex, but an insurance broker simplifies the process for you. Acting as intermediaries between clients and insurance companies, brokers ensure you get the best policy for your needs. Here’s why you should consider using an insurance broker:
- Expert Guidance: Brokers have in-depth knowledge of insurance products.
- Time Efficiency: They handle all the legwork, saving you valuable time.
- Cost Savings: Brokers can often secure better deals and lower premiums.
- Claims Support: They assist you through the claims process, ensuring a smooth experience.
APPIBON’s Goals and Objectives
APPIBON strives to create awareness about the benefits of using insurance brokers. Regular forums provide a platform for members to discuss industry matters and share knowledge. This collaborative approach fosters a spirit of unity and promotes managerial excellence among members.
Vision and Mission
The Association’s vision is to harness the knowledge and experience of its members to develop the insurance industry. Its mission is to deepen insurance penetration in Nigeria by promoting professionalism and integrity.
Membership
APPIBON welcomes professionals and stakeholders involved in insurance brokerage. This inclusive membership ensures a diverse and knowledgeable community, dedicated to maintaining high professional standards.
Leadership: The Board of Trustees
The highest decision-making body in APPIBON is the Board of Trustees. The current board members are:
- President: Delly Ajufo
- 1st Vice President: Sam Nyagba
- 2nd Vice President: Titus Abe
- Secretary: Abu Eboetse
Outreach and Liaison Activities
APPIBON actively liaises with regulatory authorities and the public to promote best practices in the industry. Through educational initiatives, workshops, and public awareness campaigns, the Association informs the public about the importance of using insurance brokers.
Industry Development
APPIBON plays a vital role in developing the insurance industry in Nigeria. By advocating for professional standards and integrity, the Association ensures that its members provide the best possible service to clients. Continuous professional development programs keep members updated with the latest industry trends and regulations.
Contact Information
To learn more about APPIBON or to become a member, visit their office at:
Central Insurance Brokers Ltd
Suite Chatti Plaza, 6 Sapele Street
Garki, Abuja
You can also contact them at the following numbers:
08060270963, 08033112217, 08033058668, 08023061469.
Conclusion
Incorporated on June 13, 2013, the Association of Professional and Practicing Insurance Brokers of Nigeria is dedicated to enhancing the insurance industry in Nigeria. By promoting the use of insurance brokers and fostering professionalism, APPIBON ensures that more Nigerians understand and utilize insurance services effectively. Whether you need expert advice, cost-effective solutions, or claims assistance, consider using an insurance broker. APPIBON is here to support both professionals and the public in navigating the complexities of insurance, making the industry safer and more reliable for everyone.
