Ebere Nwoji
Incoming President of the Chartered Insurance Institute of Nigeria, ( CIIN) Mr Akinjide Orimolade ,has highlighted three pillars on which his administration of the institute will stand during his tenure as the 53rd president of the institute.
Orimolade who spoke at the pre- investiture press conference organised by the institute in Lagos listed these pillars as technology, enforcement of compulsory insurances and building of people, capacity, institution and strategic partnership.
According to him, these three pillars represent his commitment to strengthening the institute internally while increasing the relevance and visibility of the insurance profession externally.
Orimolade said technology would serve as the engine that powers industry transformation.
“Our administration will embrace digital innovation across the institute’s operations. We shall enhance our examination processes, expand digital learning opportunities, improve member engagement through technology-driven platforms, leverage data for informed decision-making, and automate key processes to deliver greater efficiency and improved service delivery”, he stated.
Orimolade said he recognised that the future belonged to institutions that were agile, innovative, and technology-enabled, and was determined to position the institute accordingly.
Speaking on the enforcement of compulsory insurance the incoming CIIN president said
despite the existence of compulsory insurance laws in Nigeria, compliance remained relatively low. He said this represents both a challenge and an opportunity.
He said his administration would intensify advocacy and public enlightenment on compulsory insurance, working closely with government agencies, regulators, operators, the media, and other stakeholders to increase awareness, improve compliance, and demonstrate the value of insurance as a tool for financial protection and national economic resilience.
“Through sustained education and stakeholder engagement, we believe more Nigerians will appreciate the importance of compulsory insurance and its benefits to individuals, businesses, and society”, he stated.
His building pillar he said goes beyond physical infrastructure. It encompasses building people, building capacity, building institutions, and building strategic partnerships.
“We shall continue to invest in the professional development of our members through curriculum enhancement, faculty development, research, leadership programmes, and initiatives that equip insurance professionals with the competencies required in a rapidly changing world.
We will also continue to strengthen the Institute’s physical infrastructure, in particular our Victoria Island building, while fostering stronger relationships with government” he stated.
He the stated pillars would not merely be aspirations NBS’ will be translated into measurable programmes and impactful initiatives that will deliver value to our members, the insurance industry, and the Nigerian public said I will reserve the comprehensive unveiling of these initiatives for my Investiture Ceremony, I can assure you that our agenda has been carefully designed to consolidate on the remarkable achievements of previous administrations while introducing innovative ideas that respond to today’s realities and tomorrow’s opportunities.
“We are not starting from the beginning. Rather, we are building upon a strong foundation laid by the Past Presidents of the Institute and the Governing Council, whose visionary leadership has positioned the Institute as one of Africa’s foremost professional insurance bodies.
Our commitment is to preserve this legacy, strengthen it, and elevate it to even greater heights.
To our esteemed members of the media, I once again seek your partnership. Your role in shaping public discourse and influencing national conversations remains invaluable. Together, we can tell the positive story of insurance, promote professionalism, educate the public, and contribute meaningfully to Nigeria’s economic development”, he stated.
