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Setback Of Greedy And Redundant Insurance Broker Firms - Career - Nairaland

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Setback Of Greedy And Redundant Insurance Broker Firms by Tunks2017(m): 8:43pm On Apr 21, 2020
There is a wild trend of insurance brokers owners treating their staffs like house mice for over 20 years. The management of this companies like paying meagre groundnut, denying due promotion and don't increase salaries.

Man mountain & co ltd is one of them. They have not promoted or increased staff salary for over 12 years. The staffs have been on one spot for years and have nothing after almost 10 years of service.
The chairman is very greedy & wicked and uses all sorts of excuses not to pay staff salaries mean while he loots the company's revenue for his personal use, travelling, new gf, buying new jeeps/suv, houses etc. He is a self centered ungrateful, narcissist and controls the MD like a puppet. The MD is not any better and forces staff to close at 7:00pm and very abusive. They change driver every 2 months because most of the drivers resign angrily after been maltreated. The company also has a very crafty policy of stealing staff salaries, deducting up to 12% - 30% in the name of punishment for lateness, and other frivolous excuses. angry

Another menace is Carrier insurance brokers, with a tyrant woman in charge. She is also greedy, materialistic and a hedonist. They like to withhold staff salary, PFA, abuse staff and like paying groundnut meagre salaries after making huge profit.

There are many other insurance broker firms that are worse than the two earlier mentioned above. Most of all this acrimony is that these insurance broker firms take staff like there property.
They make sure they block staff from working in insurance underwriting companies by threatening not to give them businesses angry angry

Scib & Man Mountain are very good at ensuring their staff don't move to underwriting firms. The MD threatens them not to take their staffs and the underwriting companies deny qualified underwriters job position in the name of fear of not getting businesses ........... angry

Big insurance underwriting companies like Zenith General insurance, Custodian & Allied Insurance, Unitrust insurance, Mutual Benefits Assurance, Sterling Assurance, Linkage Assurance, AIICO, Nem insurance etc are all guilty of denying qualified underwriters all in the name that they are from broker firms that give them businesses.

This issue is a case that NAICOM should take as a priority as the careers of this underwriters who work in this trifling broker firms are in jeopardy.

Its better all these trifling insurance broker firms employ secondary school leavers to work for them or better still their own children than wasting the time of qualified underwriters with good years of experience............. angry

Re: Setback Of Greedy And Redundant Insurance Broker Firms by FirstCounsel(m): 9:20pm On Apr 21, 2020
Hmm. Are the staff of brokerage firms not allowed to be in a Union? Just asking. Thought there's a Union for Insurance worker's. Please enlighten me. Thanks
Re: Setback Of Greedy And Redundant Insurance Broker Firms by Tunks2017(m): 12:58pm On Apr 22, 2020
FirstCounsel:
Hmm. Are the staff of brokerage firms not allowed to be in a Union? Just asking. Thought there's a Union for Insurance worker's. Please enlighten me. Thanks

There is no union for insurance workers, especially insurance brokerage firms.......

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