Why IICC was established by Sir Muftau Oyegunle, IICC Chairman
The Chairman, Governing Council, Insurance Industry Consultative Council (IICC), Sir Muftau Oyegunle, has restated the objectives for the establishment of the body as a platform for the promotion and advancement of the cause of insurance industry.
Addressing insurance correspondentsat at this year’s media retreat organized by IICC at the ancient city of Ijebu Ode, Ogun State capital, Sir Oyegunle said IICC was formed to promote the profile of insurance industry as well as increase its contributions to the nation’s economic growth.
Other objectives of the Council, according to him, include acting as industry’s voice for national matters; acting as a platform for intra-industry conflict resolution; promoting the industry’s image and growth agenda; to take up and assume any other role that will serve the best interest of the industry.
Sir Muftau Oyegunle who is also the President/Chairman, Governing Council, Chartered Insurance Institute of Nigeria (CIIN), said the forum has also served the purpose of further unifying all arms of the insurance industry as well as single-mindedness in promoting insurance industry agenda.
While commending the roles of the media in the growth of the industry, the IICC boss said the yearly media retreat is a testimonial to the recognition of the support and pivotal roles the media has been playing as a vehicle for the much desired public awareness about insurance in the country.
Sir Oyegunle said the media; especially insurance correspondents, have continued to demonstrate expertise and in-depth knowledge about insurance industry as being reflected in their objective reportage over the years
He said the yearly IICC media retreat is also a platform to seek the pulse of the public about insurance industry, noting that it is on this premise that the IICC retains its commitment to ensure the gathering remains an ever present feature in the calendar of the industry.
On the theme of the event, “Changing face of the Media: the New Expectations” he said “things have changed so all of us must be on our toes to confirm exactly what the new order is in order to remain relevant in the system.”
On the effect of COVID-19 on the industry’s recapitalization exercise, Sir Oyegunle said the negative effect of the coronavirus has made the deliberate situation even more difficult, noting that there is retained optimism that the exercise will drive positive growth in the industry.
He called on media as custodians of the news to continue to play their role in shaping the conversation within the industry now and post recapitalization.
