BY NKECHI NAECHE-ESEZOBOR–The National Insurance Commission, (NAICOM), has called for a collaborative effort to reposition the insurance profession and rebrand the industry for better understanding of insurance.
The Commissioner for Insurance and Chief Executive Officer of NAICOM, Olusegun Ayo Omosehin, disclosed this while delivering his keynote address at the Investiture ceremony of the 52nd President of the Chartered Insurance Institute of Nigeria (CIIN), Mrs. Yetunde Ilori, Tuesday in Lagos.
According to him, as we celebrate this momentous occasion, it is important to reaffirm our collective commitment to promoting a robust, resilient, strong and stable insurance industry that contributes to the economic stability and growth of Nigeria.
“The emerging realities and developments at the global and national levels today obviously calls for our collaborative effort to reposition the insurance profession and rebrand the industry such that our narratives can be better understood by all.
“We should be mindful of the perception of the insurance profession by the public and be deliberate in putting our narratives across. On our part, the National Insurance Commission (NAICOM) is committed to aligning the insurance sector with the Renewed Hope Agenda of His Excellency, President Bola Ahmed Tinubu, GCFR and his ambitious goal of growing the Nigerian economy to $1 trillion by 2030.
“At NAICOM we view the institute as one of our veritable partners in the development of the much needed skilled-professionals in the course of achieving this goal.
“It is therefore imperative to reiterate our continuous support to the institute in the discharge of its responsibilities and look forward to exploring additional mechanisms of enhancing the existing relationship with the Institute and in facilitating improved perception, transparency and public confidence in the insurance industry.
He congratulated Ilori on her emergence as the 52nd president of the CIIN, adding that leadership in the insurance sector is more critical now than ever before as the industry navigate a world of significant economic challenges and great opportunities.
“Am optimistic and confident that under Mrs Ilori’s leadership, the Chartered Insurance Institute of Nigeria, will continue to promote professionalism, uphold ethical standards, and foster educational development within the insurance industry.
“I want to salute the outgoing President and Chairman of Council, Edwin Igbiti, and members of the Governing Council of the CIIN, for their steadfast commitment towards the promotion of insurance education and professionalism among members.
“Ilori’s journey to this prestigious position is a testament to her unwavering dedication, exceptional leadership, and profound commitment to the insurance sector.
“As the immediate past director general of the Nigerian Insurers Association (NIA), she demonstrated remarkable expertise and visionary leadership that greatly contributed to the advancement of that association and by extension our industry.
“It is on record that during her tenure as the NIA DG and with the support of the Governing Council, NIA delivered a befitting Head Office which has become the pride of the entire insurance industry.”
According to him, Ilori’s achievements and wealth of experience, coupled with her relentless pursuit of excellence, make her the perfect choice at this critical time to lead the Institute to new heights.
