Shoderu harps on dearth of human capital for industry

Ayodapo Shoderu, the president, Nigerian Council of Registered Insurance Brokers (NCRIB) said the dearth of quality human capital is a major challenge facing insurance in industry in Africa.

He emphasised of the need for all stakeholders to contribute their own quota to development of training institutions in the continent, as necessary step to filling the human resource gap.

Speaking during a courtesy visit by Frederick Bowen-John, the new director general of the West African Insurance Institute (WAII), said the support and patronage is necessary to enable it meet the mandate of producing the required human resource for the industry in the West Africa sub region.

Shoderu opined that the insurance industry in West Africa had not been able to live up to its expectations because of insufficient human resources or professionals who will render creative and dynamic insurance services to meet with changes in consumer’s expectations.

“For the dire challenges of human resources to be met in the Nigerian insurance industry, like its peers in other West African countries, all training institutions of which WAII is inclusive, must be given required support and patronage by reputable professionals and bodies in the sector,” Shoderu stated.

The NCRIB President urged WAII to create more relevant courses for insurance brokers in its curriculum, considering their pivotal place as the main professionals in the insurance industry value chain.

Shoderu disclosed that part of his administration’s thrust is to effectively liaise with notable professional bodies in Nigeria and across the world in order to grow human capital development of the insurance broking sector and that the same gesture would be extended to WAII.