Quest for CIIN’s award of honorary fellowship to distinguished insurance practitioners mounts

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Chuks Udo Okonta

Concerned stakeholders in the insurance industry have called on the Chartered Insurance Institute of Nigeria (CIIN) to expand its coast by attracting more professionals through award of honorary fellow status to distinguished insurance practitioners.

The stakeholders stated this while reacting to a recent statement by Chairman of the Society of Fellows, CIIN Past President Sunny Adeda, who at the Year 2024 CIIN Fellows’ Event in Lagos, said
the number of active Fellows of the Institute as at date is ridiculous for such an Institute.

Adada speaking on the theme for the Year 2024 Edition of the Fellows’ Event; ‘Bridging the Gap: Ensuring Access and Inclusivity in Insurance – A Call to Action for Fellows.’ Stated that “In Nigeria, like many parts of the world, there remains a significant gap in insurance penetration and accessibility. Millions of our citizens are still underserved and unprotected, leaving them vulnerable to the devastating impact of unforeseen events and disasters.”

He emphasised the need for young professionals to attain the Fellowship status of the Institute, while decrying the number of active Fellows of the Institute.

Adeda Submitted that Fellows are not merely leaders in their field, rather, they are custodians in their profession, hence, it is incumbent upon them to ensure that the benefits of insurance are accessible to all, irrespective of socio-economic status, geographical location, or any other barriers that may exist.

According to the stakeholders, the institute while decrying the dearth of Fellows, has continuously shut its door against distinguished insurance practitioners by not according them honorary fellowship status.

They maintained that the institute has a lot to gain from these erudite professionals, stressing that they should be recognized and be awarded the honorary fellowship status.

They submitted that the institute and the insurance industry need contributions and supports of all a sundry to attain the expected heights.

The concerned stakeholders noted that it is time for the CIIN to move with current trends, stating that education institutions across the globe, presently enjoy contributions from distinguished individuals, who are attracted through honorary awards, and that the CIIN can’t afford to be left behind in the scheme of new realities

They identified many top practitioners from underwriting, broking, loss adjusting and agencies who are ably qualified for such honours, whilst calling on the council and management of the CIIN to harness the potentials possessed by these erudite operators.

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