NAICOM calls for collaborative effort to reposition insurance profession
National Insurance Commission (NAICOM) has called for the collective effort of all stakeholders in the industry to reposition the profession and rebrand the industry.
The Commissioner for Insurance, Olusegun Ayo Omosehin, gave the advise at the investiture of the 52nd President of the Institute, Mrs. Yetunde Ilori, in Lagos.
Said he, “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.”
On the part of NAICOM, Omosehin, assured the regulator’s commitment to aligning the insurance sector with the Renewed Hope Agenda of President Bola Ahmed Tinubu, and his ambitious goal of growing the Nigerian economy to $1 trillion by 2030.
“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.” he said.
While congratulating Ilori as the 52nd President of the CIIN and the entire insurance community, he prayed that her tenure will be marked by significant achievements and that your leadership will leave an indelible mark on the institute and the industry at large.
The Commissioner pointed out that 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.
He anticipated that 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.
“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. “ he said.
