CIIN harps on attraction of young folks into insurance business

Igbiti giving his welcome address at the event

Kindly leave a comment and share

Chuks Udo Okonta

The Chartered Insurance Institute of Nigeria (CIIN) has charged insurance professionals to do
their best in delivering efficient services to clients and ensure they increase the membership of the institute by bringing new and young folks into the insurance business.

The President of CIIN Edwin Igbiti, gave the charge, yesterday at the investiture of the new Chapter Executives of Abuja Chapter, ably led by the Chairman, Owolabi Abass, in Abuja.

He noted that the world we operate in today is rapidly evolving, presenting challenges and opportunities in equal measure, hence insurance professionals should embrace this change and ensure commitments to sustainability remain unwavering.

Igbiti congratulated the newly elected Chairman, Owolabi Abass and other elected executive members, stating emphatically that the investiture is a clarion call to service and so, the enormity of its responsibility is not lost on them.

He also
used the opportunity to appreciate the last set of executives, ably led by Dr. Ibe for their contributions to the development of the Chapter and how far they were able to take the Chapter to.

He charged all the newly elected executives to encourage partnership with stakeholders that will continually promote sustainable and enviable insurance practice in Nigeria, engaging members to be at their best in delivering efficient services to their clients.

“To our esteemed Chairman, as you embark on this journey of leadership, we entrust you with not only the helm of this Chapter but also the responsibility of guiding us towards a future where the concept of sustainable insurance is not just a notion but a reality,” he said.

The CIIN President submitted that insurance is more than a business; stressing that it is a social good, providing safety nets and fostering resilience in communities and economies.

“Today, the penetration of insurance must go hand in hand with the promotion of sustainability. We must acknowledge that insurance has the power to drive green initiatives, by offering products that encourage environmentally friendly practices and by managing risks that stem from climate change.

“Moreover, as we strive to deepen insurance penetration, I implore you to spread the gospel of insurance professional examinations, organised and conducted by our foremost Institute; Chartered Insurance Institute of Nigeria to the nooks and crannies of Abuja.

“We need to ensure that the younger ones see insurance as a lucrative and an interesting profession to bank on. It is by aligning with the sustainability and succession planning goals that we can truly connect with the wider society and support the vulnerable segments that have long been overlooked,” he posited.

Igbiti said the road ahead would require innovation, collaboration, and a renewed dedication to both sustainability and consumer-centric practices, adding that this means harnessing technology to improve accessibility, creating inclusive insurance products for all segments of society, and building upon data and analytics to offer better and more personal services.

As we witness the investiture of a new era of leadership, we are reminded of the words of the late great poet Anwar Fazal who said, “A good leader takes a little more than his share of the blame, a little less than his share of the credit.” So, as our Chairman takes on the mantle of leadership, let us all pledge to share in the responsibility of shaping an industry that is as sustainable as it is successful, he posited.

He implored insurance practitioners to move forward with unwavering enthusiasm and a collective spirit of innovation, whist working together towards a brighter, more sustainable future for the insurance industry.

Leave a Comment

Your email address will not be published. Required fields are marked *