Insurance Professionalism: CIIN inducts 138 Associates, three fellows
L-R: Chairman, Nigerian Insurers Association (NIA), Mr Tope Smart; Immediate Past President, Chartered Insurance Institute of Nigeria, Mrs Funmi Babington-Ashaye; President and Chairman of Council,Chartered Insurance Institute of Nigeria, Mr Eddie Efekoha, Deputy President Chartered Insurance Institute of Nigeria, Mr Sakiru Oyefeso; Past President Chartered Insurance Institute of Nigeria, Chief R.A Williams and Past President Chartered Insurance Institute of Nigeria Mr Sunny Adeda at the 2018 Induction Ceremony of the Chartered Insurance Institute of Nigeria held in Lagos recently.
In order to meet the demand for professional manpower in the nation’s insurance industry, the Chartered Insurance Institute of Nigeria (CIIN) has inducted 138 new associates and three fellows into the fold of Insurance professionals.
The President and chairman of council of the institute, Mr. Eddie Efekoha, while speaking at the occasion, called on insurance practitioners to adopt creative approach as well as improve their skills in line with the demands of the dynamic business environment.
“We are ever conscious of the demands of the dynamic business environment and the role that technology is playing in the evolution of current business trends. Consequently, there is a need to substantially adopt a creative approach to improving the skill set of insurance practitioners. “There is considerable effort being put into constantly retooling the examination system through regular review of the syllabus and examination structure in order to make it relevant to addressing modern day business challenges.
“The goal is to ensure that Insurance practitioners retain the competitive edge and are well equipped to perform to optimal levels in order to tackle the current challenges in the business landscape and to stand out successfully.
“Completion of the Institute’s examination and your induction as Associates of the institute does not put an end to the quest for knowledge. You are admonished to develop yourselves in order to keep abreast of developments that will ensure you stay relevant in the ever-changing business environment. I urge you all to take advantage of the Mandatory Continuous Professional Development (MCPD) programmes offered by the institute in addition to other post-qualification,” he said.
He added that the professional qualifications are a source of pride to the institute and as I stated earlier, it should be the same for all holders.“It is extremely important to point out that by attaining our professional qualification, you have become custodians of the ethics and codes of practice of our noble profession,” he said.
Efekoha said the purpose is to set forth the values, principles and standards that will guide the conduct of all insurance practitioners. Instilling ethical behavior among insurance professionals is the principal way to improve corporate governance and ultimately improve the public image of the insurance business.
The mantra of the Institute, Efekoha said, remains focused on repositioning and reinforcing the integrity of the profession even as he said that CIIN has recently introduced a new code of ethics for insurance practitioners in Nigeria.
