Sustainability Culture of Insurance Consolidation and its gain in Nigeria

President of the Chartered Insurance Institute of Nigeria (CIIN), Lady Isioma Chukwuma, has said that the Institute will continue to consolidate on the gains it has made in the last few years for the growth of the industry and national economy.
Speaking at a press conference in Lagos to highlight the success of her presidency, she said the successes recorded so far has been the result of the support and co-operation of all stakeholders in the Institute, the National Insurance Commission, members, other sister bodies within the industry under the aegis of the Insurance Industry Consultative Council (IICC).

She explained that gains were based on the agenda of her presidency – “Consolidating the gains of the industry for national economic growth”. According to her, following the success of the first edition of the mega conference, the second edition re-christened; the National Insurance Conference has been scheduled to take place in July this year.
“The conference which is a joint effort of the Institute and the trade associations within the insurance industry was conceived from the need for insurance industry stakeholders to assemble under a common banner to address the opportunities and challenges facing the industry. The Institute is fully committed to the sustenance of the conference and will continue to support any initiate that seeks to uphold the unity and enhance the growth of the insurance industry.
She said “following the selfless efforts of my predecessors in ensuring setting in motion the effective take-off of academic activities in the College of Insurance and Financial Management, academic activities have since commenced at the College following its official commissioning. We are pleased to inform you that the graduation ceremony of the first set of diploma students of the College of Insurance and Financial Management (CIFM) was held.

Besides, she said, the institute is especially committed to and is presently exploring every means possible at situating the CIIN brand on the global stage. We are presently fine-tuning our exemptions relationships with CII (UK). We have consolidated the existing off-shore examination centres of the Institute in Banjul, the Gambia and in Kigali, Rwanda and presently pursuing with vigor the extension of the frontiers of our professional examinations to the West African sub-region and other parts of sub-Saharan Africa.

On the success of the Institute’s sponsored insurance textbook for Senior Secondary Schools, she said “following the publication, launching and presentation of insurance textbook for secondary schools to the State Ministries of Education in Lagos, Ogun, Edo, Ondo and Kwara states, the Institute in the past year has been able to donate copies of the book to all public Senior Secondary Schools in Rivers, Imo, Osun, Ekiti and Enugu States through their various Ministries of Education.

In all, over 3,000 copies of the book have been donated to further enhance the teaching and study of insurance as a subject in secondary schools in Nigeria. We are currently working with some identified states through the Institute’s local chapters to facilitate the donation of the books to each states”.


Source: Guardian