|Mr. Bola Temowo|
The President and Chairman of Council of the Chartered Insurance Institute of Nigeria (CIIN) Mr. Bola Temowo has appealed for more contributions from individuals and corporate organisations within the insurance sector for completion of work at the Centre for Insurance and Financial Management Studies(CIMS).
Temowo, who made the appeal at the inauguration the completed phase of the college said “although the college is being inauguration,work on the remaining phases of the project will continue.”
He appealed for more contributions from individuals and corporate organisations who would find the centre a worthy channel to express their belief in the development of a world-class College of Insurance in the country.
According to Temowo, the college relies on patronage of its programmes by the industry, adding that it is to ensure that it makes use of its income generation capability for the financing of parts of the remaining phases of the project.
The completed structures in the college at present are the administration block, 50 room students hotel, syndicate rooms, lecturers’ lodge, rector’s lodge, restaurant and 10 chalets.
Speaking at the event, immediate past commissioner for insurance, Mr. Fola Daniel said the CIFMS is a value addition to the quest to better position the CIIN in the insurance industry and herald a new era of improvement on services rendered by the institute.
Daniel said that the commissioning of the completed phase marks a watershed in the history of not just the institute, but the entire insurance sector, while noting that the landmark accomplishment symbolises growth and key to future success of the sector.
He said, “As the education arm of the industry, this is certainly a step in the right direction towards the attainment of the CIIN mandate which is to breed and certify insurance professionals in the country, a pre-requisite for individuals to qualify as insurance practitioners.
“Let me advise that as you bask in the euphoria of this accomplishment, you should not lose sight and focus of the big task ahead. The knowledge gap in the industry remains high just as professional indiscipline. This is unacceptable. It calls for all hands to be on deck if we are to attain the professional height and standards we all crave to enable the industry occupy its rightful position in the fore front of the financial services sector.”
Daniel stated that as a prudential regulator, the quality and technical capacity of insurance practitioners in the country is a major concern to the National Insurance Commission, NAICOM, stressing that NAICOM will continue to support efforts at ridding the profession of indiscipline and non adherence to rules and ethical standard.
“It is our desire in NAICOM to superintend over an insurance industry that is flourishing, financially strong and viable but with the right mix of professionals,” he stated.