CIIN Restates Commitment To Ensure Enforcement Of Compulsory Insurances

L-R: Deputy President, Chartered Insurance Institute of Nigeria, (CIIN) Mr. Edwin Igbiti; Director-General, Nigerian Insurers Institute, Mrs. Yetunde Ilori; CIIN President, Dr. Muftau Oyegunle; President, the Nigerian Council of Registered Insurance Brokers, Mr. Rotimi Edu, mni; Vice President, NCRIB, Mrs. Ekeoma Ezeibe; and Deputy President, NCRIB, Mr. Tunde Oguntade during a courtesy visit of NCRIB to CIIN in Lagos.

As part of efforts to increase insurance adoption, the Chartered Insurance Institute of Nigeria (CIIN) has assured the Nigerian Council of Registered Insurance Brokers (NCRIB) of its collaboration to ensure the propagation of the gospel of compulsory insurances as well as boost the insurance penetration level in the country.

According to a statement today by the Institute’s Corporate Communications Manager, Helen Chiamaka Ajeamo, the President of CIIN Sir (Dr) Muftau O. Oyegungle, gave this assurance at the Courtesy visit of the NCRIB Council to the Institute on February 2nd, 2022.

The statement stated that the President of NCRIB, Mr Rotimi Edu,  used the occasion to explain the reason for the Council’s visit, which he said was to pay homage and seek the support of the Institute in driving his thrust of office which includes:  to promote compliance with compulsory insurances; elevate the quality of professionalism in insurance broking, boost insurance adoption amongst others.

A cross-section of some management staff of CIIN and NCRIB during the NCRIB courtesy visit to CIIN in Lagos recently

Mr Edu, according to the statement congratulated Sir (Dr) Oyegungle on his recent Doctorate Degree in Insurance and commended the leadership role of CIIN in the industry especially; on the establishment of the College of Insurance and Financial Management (CIFM).

Mr Edu, in the statement, noted that partnering with the Institute will greatly help accelerate insurance awareness through improved education, sensitisation programmes, and training across the country.

In his response, Sir (Dr) Oyegunle congratulated Mr Edu as the 21st President of NCRIB and expressed optimism in his capacity to deliver effectively.

He said “I thank the NCRIB Council for this visit, we are happy to host you and you can rest assured of our support and partnership to grow the industry. The position insurance brokers occupy in the industry is very vital and needed for the growth of the sector”.

CIIN President, Sir Muftau Oyegunle (left) in a handshake with the NCRIB President, Barr. Rotimi Edu during the courtesy visit