Incoming CIIN President, Ilori, sets four growth plans for insurance industry
L-R: Former President, Chartered Insurance Institute of Nigerian(CIIN), Mr Eddie Efekoha; Incoming 52nd President, CIIN, Mrs. Yetunde Ilori, Former President, Institute of Loss Adjusters of Nigeria, Mr. Bola Temowo; and Director-General, CIIN, Mrs Abimbola Tiamiyu, during a press briefing ahead of the investiture of Ilori in Lagos on Monday
Incoming CIIN President, Ilori, sets four growth plans for insurance industry
Nike Popoola
the incoming President of the Chartered Insurance Institute of Nigeria, Mrs. Yetunde Ilori, has set four growth plans for the Nigerian insurance industry.
During a press briefing in Lagos, she disclosed that the theme of her tenure is, ‘Igniting the bedrock of our envisioned industry’.
Ilori, who will soon become the 52nd president of the CIIN said, “The theme is expected to be actualized under the agenda summarized in a four-letter acronym EPIC. EPIC as a word means awesome, spectacular, an exceptionally long and arduous task (usually difficult).”
According to her, EPIC was chosen after taking a critical look at the industry, assessing where they were and where they should be.
“This acronym encapsulates our commitment to Education, Professionalism, Institutional Recognition, and Capacity Building within and outside the insurance industry,” she said.
The incoming President said the world is undergoing a digital revolution, and the insurance industry is no exception.
There is a critical need to bridge the knowledge gap about insurance, she added.
The industry, she noted, must move beyond simple awareness campaigns and empower the public with real education.
She said, “We will focus on enhancing our educational programmes, fostering innovation, and promoting ethical practices in the Nigerian insurance industry.
“We will also strengthen our collaborations with regulators, other professional bodies and relevant stakeholders. Steps will also be taken at sustaining success recorded by the previous presidents as well as completing previously initiated projects.”
