CIIN urges members to embrace InsurTech, AI to drive Nigeria’s insurance growth
Nike Popoola
Chartered Insurance Institute of Nigeria (CIIN), the Education arm of the Insurance Industry has charged its Members to adopt insuretech for a digitalized era.
The President/Chairman of the Institute’s Council, Mrs. Yetunde Ilori stated this during the Year 2025 Education Conference in Enugu.
‘There days of traditional insurance is over, we need to embrace insureTech to remain in business. Digital insurance is NIIRA 2025’s mission’
Ilori, charged participants at the Year 2025 Education Conference to adopt AI in transacting insurance business and remain professional in their transactions. She added that insurance business is a business of trust, therefore, ethics is very important. Practitioners must be diligent, professional and ethical in their daily practice.
While presenting his paper, Dr. Orlando Odejide who was the main paper presenter urged practitioners to educate themselves more on current digital trends so they can remain relevant. He noted that AI has arrived and we have to embrace it. ‘AI will do your job better than you and the will be asked to retire, AI will verify claims, process claims and even underwrite the business and you will be left with no role’ He stated.
Orlando submitted that practitioners should leverage on insureTech for the revolution to happen, noting that NIIRA 2025 is a revolutionary tool for the insurance industry.
Mr. Jackson Ikiebe, a discussant advised colleagues to train themselves on how to be better with the technology. He stated that AI will assist practitioners do their jobs seamlessly.
Other discussants were, Oluwatosin Adebayo-Yusuf, Kehinde Grillo and Ahmed Muritala, they all advised practitioners to embrace technology and be professional in discharging their duties. Mr. Julius Elusakin moderated the session
Mrs. Ilori submitted that the Institute will commence ethical trainings for all members and also ensure new inductees are trained in ethics and professionalism before they are inducted.
The Registrar of the Institute, Mrs. Abimbola Tiamiyu appreciated the government of Enugu State and the delegates for a successful Education conference noting that the Institute will continue to embrace ethics and professionalism. She also added that the Institute is a digital friendly Institute.
