The Chartered Insurance Institute of Nigeria (CIIN) has initiated a strategy advisory exercise to identify key issues bordering on the growth and advancement of the insurance industry in the country, articulate actionable solutions and delineate key strategic imperatives for the institute within a workable framework in the next five years and beyond.
This is part of efforts to reposition the institute for better service delivery and to revitalise its impact and relevance in the financial services sector.
This was part of the resolutions reached at a two-day retreat organised by the CIIN recently in Lagos.
Certain key economic agenda that could aid the growth and engender relevance for the insurance industry were x-rayed particularly at the advocacy level which has been considered one major area that the institute should concertedly work towards in entrenching an enduring insurance culture amongst Nigerians at all levels.
The retreat had in attendance chief executives of insurance companies in the country, stakeholders from allied sectors of the industry, and financial services industry.
According to the Director General of CIIN, Mr. Kola Ahmed, the exercise is necessitated by the CIIN Governing Council’s continuous commitment to the actualisation of the institute’s statutory responsibilities as enshrined in Act 22 of 1993 of the Federal Republic of Nigeria. The major responsibility of the CIIN is to determine the standards of skill and knowledge to be possessed by practitioners for the ethical and professional delivery of insurance services in a dynamic and peculiar Nigerian business environment.
Source : Independent