CIIN 53rd President Akinjide Orimolade unveils digital transformation roadmap for insurance sector
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The in-coming 53rd President/Chairman of Council of Chartered Insurance Institute of Nigeria (CIIN), Mr. Akinjide Orimolade, today expressed sincere appreciation to members of the media for honouring the invite from the Institute to this germaine press conference and for your continued support in promoting the growth and development of Nigeria’s insurance industry.
Mr. Akinjide Orimolade is a distinguished Nigerian chartered insurer and accomplished business executive with over twenty-eight years’ experience in the financial services industry. As the pioneer and current Chief Executive Officer of Stanbic IBTC Insurance Limited, he has demonstrated exceptional leadership in driving business growth, innovation and operational excellence within Nigeria’s insurance sector.
Over the course of his illustrious career, he held several strategic leadership positions, including Chief Executive Officer of Zenith Insurance, Law Union & Rock Insurance Plc and AIICO Insurance Plc. He also served as Regional Director for West Africa at Liberty Life, where he played a pivotal role in advancing the company’s regional operations and market presence.
Mr. Orimolade began his professional journey with leading insurance organisations and brokerage firms, including Sovereign Trust Insurance and Bullion Insurance Brokers, where he developed a solid foundation in insurance practice and financial services. He holds a Bachelor of Science Degree in Insurance and a Master of Science degree in Marketing from the University of Lagos, as well as a Diploma in Risk Management from York University, Canada equipping him with a strong blend of technical expertise and strategic business acumen.
Beyond his executive contributions, Mr. Akinjide Orimolade is a deeply influential figure in the industry, particularly through his commitment to the insurance profession at large. As a Fellow of the Institute and the current Deputy President, he has played a pivotal role in shaping standards through his seat on the institute’s Governing Council. His extensive expertise is further reflected in his memberships with the Nigerian Insurers Association and the Nigerian Institute of Management,
solidifying his reputation as a transformative leader dedicated to the advancement of the Nigerian insurance market.
Speaking at the press conference, the incoming 53rd President acknowledged the invaluable role of the media as partners in shaping public understanding, promoting professionalism and amplifying initiatives that will strengthen confidence in the insurance sector.
He stated that in line with the strategic focus of the Institute, which is the duty of determining the standards of knowledge and skills to be atained by persons seeking to become members of the Institute, among other things, strategic focus of his administration will be on improving the physical infrastructures of the Institute – in Lagos and across its chapters in all the six geo-political zones of the Federation and Abuja; accelerating digital transformation of procedures at the Institute which will eventually strengthen professional standards and enhancing insurance awareness which will result in increased penetration and consequent contribution of the Industry to the GDP of the nation.
He affirmed that the implementation of the initiatives as duly explained will be guided by transparency, accountability, measurable performance indicators and periodic reviews to ensure that the administration delivers meaningful and sustainable outcomes for all stakeholders and the wider insurance industry.
He expressed confidence, on behalf of Council, that the successful execution of these initiatives will enhance professionalism, foster innovation, increase insurance awareness and contribute significantly to building a resilient, inclusive and globally competitive insurance industry in Nigeria, which will in turn result in a more robust economy for the country
