The role of insurance brokers as intermediaries between the public and insurance firms cannot be overemphasised to enable them control about 70 per cent of the industry premium.
This is why they are being implored to guide the public when buying policies.
Alaso, professionalism is crucial to the brokers to curb unethical practices in the sector.
The Managing Director/Chief Executive Officer, First Standard Insurance Brokers Limited, Mrs Adetayo John-Fishers, said it is in the search for this that her firm operates in tandem with global best practices.
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Mrs John-Fishers said the objective made the firm to attain ISO 9001:2015 Quality Management System certification.
The Commissioner for Insurance, Sunday Thomas, implored other practitioners to emulate the firm by operating according to global best practices, adding that such intention would lead to prompt settlement of genuine claims; reduction of non-compliance and enhancement profitability.