CIIN commissions college to boost insurers’ training


President, Chartered Insurance Institute of Nigeria (CIIN) and Chairman, Insurance Industry Consultative Council (IICC), Bola Temowo; Commissioner for Insurance, Fola Daniel; former chairman of Nigerian Insurers Association (NIA), Professor Joe Irukwu and President, Nigerian Council of Registered Insurance Brokers, (NCRIB), Ayodapo Shoderu, at the opening of the IICC conference in Abuja

THE Chartered Insurance Institute of Nigeria (CIIN) has commissioned the Centre for Insurance and Financial Management Studies (CIFMS) to boost insurance education in the country.

In his address at the opening of the college permanent site located along Lagos-Ibadan expressway, the President of the Institute, Bola Temowo, said today’s commissioning follows four years of giant strides in actualizing our dream of a College, conceived to change the face of insurance and financial management education in Nigeria.

He said “On behalf of the governing council of the Institute and the board of the College of insurance, I wish to appreciate and commend the insurance Industry stakeholders for sharing our vision and mission for the College as the most desirable step towards boosting insurance education”.

According to him, the massive financial support from individual and corporate donors towards the completion of the existing structures and facilities are testimonies of uninhibited belief in the potentials of the College to provide world-class human capital development programmes for the insurance and financial services sector.

Let me therefore assure that the names of all contributors to the actualization of this epoch-making project will be etched in gold as an indelible mark of achievement. I am aware of a separate segment of today’s ceremony during which the Board of the College will acknowledge and honour all the existing contributors for supporting a worthy cause.

The CIIN boss, however, appealed to individuals and corporate bodies to continue to support the college in the project “It is pertinent to state that although the College is being commissioned today, work on the remaining phases of the project will continue.

For this reason, I wish to appeal for more contributions from individual and corporates who would find the College of insurance project a worthy channel to express their belief in the development of a world-class College of Insurance in our own country”.

Besides, he stated that the College relies on patronage of its programmes by our industry. This is to ensure that it makes use of its income generation capability for the financing of parts of the remaining phases of the project.

According to him, prior to the commissioning, so much had been put in place to justify the development of a full-fledged College. These efforts have been worthwhile and actually fast-tracked the Commissioning we are witnessing.

He commended the Commissioner for Insurance for his support for the college project under his leadership gave its blessings to the College project while pledging greater support towards its growth and development.

I wish to join the rest of the Insurance Industry in acknowledging the immeasurable roles played by the National Insurance Commission under his leadership and for maintaining the tempo of their support even as Daniel’s two terms in office draw to an end. We will continue to celebrate him for taking insurance regulation in Nigeria to an enviable height.

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