THE Nigerian Council of Registered Insurance Brokers (NCRIB) has commended the Akwa Ibom State government for its plans to introduce insurance scheme for its newly launched police-military security task force, code named “Operation Thunder”.

The Council in a statement signed by its President, Laide Osijo, said the task of policing the society at this crucial period came with its attendant risks which were better mitigated using risk management and transfer mechanism, of which insurance is cardinal.

Osijo, who reacted to the statement credited to the Governor of Akwa Ibom State on the insurance plan as a way of covering the hazards incidental to the performance of the security outfit, enjoined other state governments with similar outfits to emulate the  progressive  policy of the state.

Against the backdrop of current security challenges confronting the nation, Osijo noted that there should be a new thinking on how individuals, government and other corporate institutions could better safeguard  lives and property using insurance.

The NCRIB president made a case for the utilisation of the services of registered insurance brokers for insurances, in view of their diverse knowledge of the insurance industry which they avail their clients in helping them to maximize their insurances at competitive costs.

‘’Aside from ethical standards which registered insurance brokers adhere to, clients also benefit from their services in terms of robust professional advice they render to their clients who engage them,’’ Osijo said.

The president also appealed to government institutions to always factor in provisions for insurance of their assets in the yearly budgets in order to safeguard such assets and reduce the incidence of unpaid premiums by such institutions.