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By Henry Uche
In a bid to see an enviable insurance sector in the nearest future, National Insurance Commission (NAICOM) has charged the Chartered Insurance Institute of Nigeria (CIIN), insurance companies and other stakeholders in the industry to leave legacies worthy of imitation for the next generations.
The commissioner of Insurance, Thomas Sunday, made this charge during the 2022 edition of the Annual Insurance Professionals’ Forum organized by CIIN in Ogun State, recently.
With the theme, “Power of the Past: A Force for the Future of the Insurance Sector in Nigeria” the commissioner affirmed that the founding fathers of CIIN laid a solid foundation with the big dreams of berthing a world class educational Institute designed to fill the void that existed for the baking of thorough-bred insurance professionals.
Charged with the responsibility of determining the standards of knowledge and skills to be attained by persons seeking to become registered members of the insurance profession in Nigeria, he maintained that the burden to ensure standards, professional ethics and discipline are enthroned, lies with the institute.
“We need to ask the lofty dreams of the founding fathers which I can say was once achieved is being sustained. CIIN has grown its membership base and achieved immensely in various aspects of insurance education development in the country, public awareness, project “catch-them-young” and others. We must look back and assess our achievement in the past years from professional education to ethical behavior of our members.
“Taking a peep into the past from where we are coming, a lot could be said to have been achieved but in another breath, we must acknowledge the fact so much is still needed to be done. The Commission believe that the insurance sector in Nigeria will continue to get better if only all stakeholders continue to collaborate and cooperate as professionals.”
Sunday posited that the long-standing issues on ethical behavior in the industry can be said to have significantly improved over time. Noting that young professionals that are eager to join the noble insurance profession must be bequeathed a good legacy to emulate. More so, the integrity of insurance business depends solely on the level of integrity we display as professionals in the business.
“The image and future of insurance business in Nigeria depends majorly on how we uphold and encourage members to adhere strictly to the observance of the industry’s codes of conduct and ethics.
