*Gets six new coucil members
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Chuks Udo Okonta
The Institute of Loss Adjusters of Nigeria (ILAN) has elected Diipo Olanrewaju as its President.
He was elevated toiday at the Institute’s 40th Annual General Meeting (AGM) in Lagos, from the position of Vice President to lead the Institute in line with the organisation’s set rules.
The institute also elected Ike Udobi, Vice President and six members into the council. They are: Akin Ajayi; Gbolade Otukoya; Habib Alimi; Ezeala-Otti Nkem; Dennis Okwuoma and Adewale Sadiku.
The newly elected president, Olanrewaju, in his accepted speech, vowed to sustained the legacies entrenched by his predecessor and introduce flesh innovations to take the institute to lofty heights.
He pledged to weed out unregistered loss adjuster, who he said go by other names such as consultants and surveyors.
“They are not expected to adjust claims but they are engaged by underwriters. This administration will not hesitate to report such underwriters.
“We shall strive to eliminate the unregistered loss adjusters in the Industry,” he posited.
On making the institute chartered, he said efforts have been made in this direction by the past administrations to obtain the Institute Charter, adding that the process is long overdue, stating that his administration would continue to direct efforts towards the initiative.
He maintained that the global economy has consistently affected the income of Loss Adjusters greatly, thus, the rate that was approved in October 1992, that is about 30 years ago, can no longer pay adjusters bills, hence, it has become highly necessary for the rate to be reviewed upward.
He submitted that the institute shall achieve this with constant meetings with the NIA Council.
He posited that the institute’s emblem depicts ‘’ justice and fairness’’, stressing that if they are to uphold the tenants of this emblem, then they must always strive for competence and integrity.
“The code of ethics jointly operated by all bodies should be our ‘bible”. We cannot jettison the tenant of competence and integrity in our progress to become a force in the insurance industry. Therefore, we should see ourselves as partners in progress bearing in mind that our collective aim is to serve the insurance industry better, from whom we do earn our living. If in our own little way, we pursue the progress and success of the insurance industry, our respective future as an Institute will also be assured,” he submitted.
The immediate past President, Reginald Egbuniwe, at the meeting appreciated the members for the supports given to his administration, whilst pledging that more supports should be accorded the current administration.