L-R: Richard Borokini, DG CIIN; Sian Fisher, CEO Chartered Insurance Institute UK; Funmi Babington- Ashaye, President Chartered Insurance Institute of Nigeria; Ven. Ladipo Ajayi Past President, CIIN; Dr Yeside Oyetayo, Rector College of Insurance & Financial Studies and John Bissell, COO, CII UK during Collaboration meeting between Chartered Insurance institute of Nigeria and Chartered Insurance institute UK recently in London
BY BUSINESS TODAY REPORTER——-Collaboration towards building required human capital that will remain relevant and contribute to the emerging developments in the global insurance market has received a boost, following a strategic meeting between the Chartered Insurance Institute of Nigeria (CIIN) and the Chartered Insurance Institute (CII), London.
L-R: Mrs. Funmi Babington- Ashaye, President Chartered Insurance Institute of Nigeria discussing with John Bissell, COO, CII UK during the visit.
Both bodies met last week at the London office of the CII to advance discussion on building stronger relationship, knowledge sharing and best practice as well as other areas that both bodies could work together to engender human capital development and education for the benefit of the insurance industry.
Funmi Babington-Ashaye, President of the Chartered Insurance Institute of Nigeria (CIIN) who led the Nigerian delegation to the meeting was received by Sian Fisher, CEO of the CII, UK; John Bissell, COO and Carmen Powell, strategic adviser to the CEO of CII.
After presentations by both bodies, they agreed on areas of collaboration, that will enable the CIIN explore options/suggestions from CII London in order to get exemptions at Advanced Diploma level of the CII London examinations, and also earn maximum credit points.
Also agreed to be considered was collaboration for M.Sc. Insurance/Risk Management with the University of Lagos, where there will be exchange of already prepared curriculum so that the prgramme can be considered for exemptions by CII London.
The meeting also agreed to look at recognising the Center for Insurance and Financial Management (CIFM) as an institution of prior learning
Other areas of collaboration include resuscitation of staff exchange programme to enhance capacity building, as well as run CII certification programmes and train the trainers at the CIFM.
Meanwhile, CII after the meeting promised to send the CIIN a response to all the agreed areas of collaboration after due consideration by its board.
Carmen Powell, strategic adviser to the CII, CEO during his presentation gave a snapshot of CII operations in Nigeria, saying the UK body has only 145 members in Nigeria, which included 63 Associates and 19 Fellows.
The institute however acknowledged that it had limited interactions with the regulator, students, affiliate institutes, educational organistions and corporate bodies in Nigeria.
According to him, it is imperative that CII works together with the CIIN to grow membership in Nigeria since it had decided that Africa was key to its successful international operations. The CII seeks to double its 13,000 overseas membership quickly, Powell stated.