NAICOM Is Committed To Aligning Insurance Sector With Renewed Hope Agenda – Omosehin
L-R: Outgoing President of Chartered Insurance Institute of Nigeria (CIIN), Mr. Edwin Igbiti; Commissioner for Insurance/CEO, National Insurance Commission (NAICOM), Mr. Olusegun Omosehin and the immediate past Commissioner for Insurance/CEO, NAICOM, Mr. Olorundare Sunday Thomas at the Investiture ceremony in honour of Mrs. Yetunde Ilori as the 52nd President/Chairman of Council of CIIN in Lagos on Tuesday, July 23, 2024.
The National Insurance Commission (NAICOM) is committed to aligning the insurance sector with the Renewed Hope Agenda of His Excellency, President Bola Ahmed Tinubu, and his ambitious goal of growing the Nigerian economy to $1 trillion by 2030, Commissioner for Insurance/Chief Executive Officer of NAICOM, Mr. Olusegun Omosehin has said.
Omosehin said this in his address at the investiture ceremony of the 52nd President of the Chartered Insurance Institute of Nigeria (CIIN) in Lagos today.
NAICOM boss who reiterated the Commission’s commitment to aligning the insurance sector with the Renewed Hope Agenda of His Excellency, President Bola Ahmed Tinubu, said “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, and his ambitious goal of growing the Nigerian economy to $1 trillion by 2030.”
Speaking on Mrs Ilori’s leadership ability, Mr Omosehin expressed optimism and confidence that she will continue to maintain high ethical standards and promote professionalism that will enhance educational development in the industry.
“I 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,” Omosehin said.
While commending the 52nd President of CIIN for her exceptional leadership, Omosehin said “Mrs. Yetunde 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.
“Today, it’s on record that during her tenure as the DG of the NIA and with the support of the Governing Council, the NIA delivered a befitting Head Office. The 7-storey building with a mezzanine floor has become the pride of the entire insurance industry.
Mrs. Yetunde Olubunmi Ilori, President, CIIN (4th from left) with other guests at her investiture as CIIN President in Lagos.
“Her achievements and wealth of experience, coupled with her relentless pursuit of excellence, makes her the perfect choice at this critical time to lead the Institute to new heights, fostering a culture of continuous improvement, growth and innovation,” Omosehin stated.
Speaking further he said “Leadership in the insurance sector is more critical now than ever before as we navigate a world of significant economic challenges and great opportunities. Hence, the insurance industry must continue to evolve and adapt to meet the changing dynamics of our society. Mrs. Ilori’s leadership will play a pivotal role in driving this transformation, ensuring that the Institute remains a beacon of excellence and a catalyst for positive change.
“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.
“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,” NAICOM boss added.
Affirming the Commission’s continued support to the Institute, he said “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.”
The NAICOM boss also commended the out going President & Chairman of Council, Mr Edwin Igbiti and members of the Governing Council of CIIN for their steadfast commitment towards the promotion of Insurance education and professionalism among members.
