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Chuks Udo Okonta
The National Insurance Commission (NAICOM) has called on insurance practitioners to rebrand the industry so that their narratives can be better understood by the public.
The Commissioner for Insurance/Chief Executive Officer of NAICOM Olusegun Omosehin, said this yesterday in Lagos at the investiture of the President of Chartered Insurance Institute of Nigeria (CIIN) Mrs. Yetunde Ilori.
He noted that emerging realities and developments at the global and national levels today obviously calls for collaborative effort to reposition the insurance profession and rebrand the industry such that its narratives can be better understood by all.
The CFI expressed optimism and confidence that under Mrs. Ilori’s leadership, the Chartered Insurance Institute of Nigeria, would continue to promote professionalism, uphold ethical standards, and foster educational development within the insurance industry.
He said leadership in the insurance sector is more critical now than ever before as it navigates a world of significant economic challenges and great opportunities, hence, the insurance industry must continue to evolve and adapt to meet the changing dynamics of the society.
“Mrs. Ilori’s leadership will play a pivotal role in driving this transformation, ensuring that the Institute remains a beacon of excellence and a catalyst for positive change.
“As we celebrate this momentous occasion, it is important to reaffirm our collective commitment to promoting a robust, resilient, strong and stable insurance industry that contributes to the economic stability and growth of Nigeria,” he posited.
He charged insurance practitioners to be mindful of the perception of the insurance profession by the public and be deliberate in putting their narratives across.
He submitted that on the part, NAICOM, it is committed to aligning the insurance sector with the renewed hope agenda of President Bola Ahmed Tinubu and his ambitious goal of growing the Nigerian economy to $1 trillion by 2030.
He said NAICOM views the CIIN as one of its veritable partners in the development of the much needed skilled-professionals in the course of achieving this goal, adding that it is therefore imperative to reiterate the continuous support to the institute in the discharge of its responsibilities and look forward to exploring additional mechanisms of enhancing the existing relationship with the Institute and in facilitating improved perception, transparency and public confidence in the insurance industry.
