ILAN boss to pursue four key goals


Opara been decorated with the chain of office

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Chuks Udo Okonta

The President Institute of Loss Adjusters of Nigeria (ILAN) Ralph Opara, has identified training of loss adjusters; establishment of the institute by an Act of the National Assembly; improving on the relationship with other arms of the insurance industry and establishing a reference library in loss adjusting and related disciplines as his administration’s main priorities.

He disclosed this today, in Lagos during his investiture as the 10th President of the Institute, stressing that he hopes to built on the strides made by his predecessors.

Opara posited that his administration would oil the relationship between the institute and the National Insurance Commission (NAICOM), adding that the institute cannot make enough progress without the support of the industry’s regulator.


Representative of Guild of Marine Surveyors, Emmanuel Adetoro presenting a plaque to Opara at the event.

On relationship with other arms of the industry, he maintained that 90 per cent of the businesses undertaken by loss adjusters come from the underwriters, hence, the relationship will be enhanced. He noted that the same hands of fellowship would be extended to the brokers; agents and leadership of the Chartered Insurance Institute of Nigeria (CIIN).

“I have had cause to visit the library of a few educational institutions that offer insurance and related courses and it is lamentable that there are virtually no books on insurance on their library shelves. If that is so for insurance, what then for loss adjusting that is relatively unknown.

During my tenure, I intend to improve on the quantity and quality of books in ILAN library on various disciplines that are of relevance to insurance,” he said.

He noted that ILAN is already discussing with the Chartered Institute of Loss Adjusting (CILA) of the United Kingdom on the library project, adding that he hopes that by the end of his tenure in 2017, there would have been sufficient reference books to attract the interest of academic researchers and journalists.

The Chairman of the event, Chief P. C. Akujobi, lauded members of the institute for conducting themselves well in executing their businesses. He urged the President to continue on the foundation put in place by his predecessors.

Executive Director, Leadway Assurance Limited, Adetola Adegbayi, who delivered the investiture paper, entitled: The Role of Loss Adjusters within a Challenging Economy and Insurance Environment, urged loss adjusters to go beyond their duties to educate the public on the need for insurance.

She noted that the adjusting business would thrive when more people embrace insurance.

On the economic, she called on Nigerian Labour Congress (NLC) to shun strike and embrace deregulation, adding that it would open up the economy, thereby, creating more opportunities for business operators, including those in insurance business.


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