The Chartered Insurance Institute of Nigeria (CIIN) has inducted 138 new associates and three fellows into the fold of Insurance professionals at the Institute’s 2018 induction of Fellows and Associates in Lagos.
The event which took place in Lagos had in attendance past presidents, managing directors/ CEOs of various insurance companies and families and friends of the new inductees and fellows.
Speaking at the event, the President and chairman of council of the institute, Mr. Eddie Efekoha said : “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.”
He added that the “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 (M.C.P.D) 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.
The institute he said has recently introduced a new code of ethics for insurance practitioners in Nigeria and this will be distributed amongst you all today.
The purpose according to him 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.
Efekoha noted that the mantra of the Institute remains focused around repositioning and reinforcing the integrity of our profession.
