ADDRESS BY MR. EDWIN IGBITI, PRESIDENT/CHAIRMAN IN COUNCIL, CHARTERED INSURANCE INSTITUTE OF NIGERIA AT THE INTRODUCTION TO THE INDUSTRY THE INSURACE BROKING COURSEBOOKS HELD AT THE PROVIDENCE BY MANTIS 12A, OBA AKINJOBI WAY, IKEJA, LAGOS STATE.
I have the utmost delight and privilege to welcome you all to this great occasion of the launching of the Insurance Broking Coursebooks, which is one of the five arms of the post-qualification levels. The others are the course books on loss adjusting, micro-insurance, oil/gas and takaful.
This post qualification routes are being followed in order to ensure that qualified professionals are those who will proceed in specliaising in any desired area from broking to loss adjusting to Takaful, to microinsurance and/or oil and gas aspects of insurance business.
To this end, the Institute have partnered with the sister organisations in the industry like the Nigerian Council of Registered Insurance Brokers (NCRIB) and Institute of Loss Adjusters of Nigeria (ILAN) to produce the first set of technical coursebooks on the segments in the country.
Today, the Institute, in partnership with NCRIB, is launching the Insurance Broking course books at three levels of assessments namely; Foundation, Intermediate and Associateship which culminated into the outcome of enlightening and equipping members to proceed into insurance broking professionals.
The goal is to provide and equip our professionals with knowledge that is tune with the realities and demands of modern-day insurance broking practice. To bring this home, these books being launched were designed in line with the new syllabus of the concerned courses, the contents of which will take our industry to greater levels and improved standards. so we do not fall below already set standards.
Distinguished Ladies and Gentlemen, while it is not my duty to review the book, it is perhaps pertinent to say a few things about the books. The co-authors provided a general overview of the broking, and identified the factors therein, the course book is in three different stages namely; Foundation (PFO1), Intermediate (PA01) and Associate (PI01).
This study text is intended to introduce the fundamentals and managerial operations of insurance broking in an insurance market that is constantly evolving, and to demonstrate the importance of this profession within the insurance industry as a whole.
It is also pertinent to extend our gratitude to CIIN Past President Eddie Efekoha, under whom the domestication of our coursebooks began and the Immediate Past President Muftau Oyegunle, who continued with the exercise and handed same over to me.
We encourage every individual and corporate members of the Industry to acquire at least two sets of these books for their libraries, and also work in partnership with the Secretariat towards donating the books to academic institutions, families and friends. After today, a set of the coursebook will cost Twenty-Five Thousand Naira (N25,000.00) only as a pack, while each one comes at a unit cost of Ten Thousand Naira (N10,000.00).
However, for the purpose of this introduction to the industry today, we have been able to design a special package that will assists in the penetration of insurance education, supporting our philanthropic actions, support our various institutions of interests, for all members of the Industry, which is summarised below:
S/No Package Description Target Partner Promo Cost
1 Set of Two (2) Individuals 30,000.00
2 Set of Five (5) Individuals 60,000.00
3 Set of Ten (10) Corporates 125,000.00
4 Set of Twenty (20) Corporates 250,000.00
N.B: A set is three coursebooks combination of one each on the foundation, intermediate and associateship level.
For everyone who is interested in purchasing more numbers, kindly contact the Institute through the Director General and/or Head (Examination Directorate).
I wish to commend the efforts of the examination committees of both NCRIB and that of the Institute as well as that of the Chairman of both committees, Past President Laide Osijo (who is here present) and Past President O. O. Ladipo-Ajayi (ably represented by the Deputy Chairman of the Committee, Mrs. Adeyinka Adekoya), respectively for the sterling work they have done through the years.
The Institute examinations remain a source of pride in the insurance industry in Nigeria and beyond. It is our duty to ensure that our values never waiver and our offerings do not fall below the standards that we have set.
I once again welcome you to this great occasion and reiterate the Institute continuous commitment to improving the quality of manpower available in the insurance industry.
Thank you for your attention.
Mr. Edwin Igbiti, ACII, FIIN
President/Chairman of Council