CFI expresses confidence in CIIN administration under Mrs. Ilori

The Commissioner for Insurance, Mr. Olusegun Ayo Omosehin has expressed optimism and confidence that under Mrs Ilori’s leadership, the Chartered Insurance Institute of Nigeria, will continue to promote professionalism, uphold ethical standards, and foster educational development within the insurance industry.

Mr. Omosehin made the assertion on the occasion of the investiture ceremony of the 52nd president of Chattered Insurance Institute of Nigeria (CIIN), Mrs. Yetunde Ilori in Lagos.

The Commissioner in his keynote address during the occasion argued that Leadership in the insurance sector was more critical now than ever before as the insurance industry navigate a world of significant economic challenges and great opportunities.

He therefore challenged the insurance industry, and operators to continue to evolve and adapt in order to meet the changing dynamics of the Nigerian society, stating that Mrs. Ilori’s leadership would play a pivotal role in driving this transformation and ensuring that the Institute remains a beacon of excellence and a catalyst for positive change.

Speaking further on the pivotal role Mrs. Ilori would play in the future, he stated that the leadership in the insurance sector was ‘‘more critical now than ever before as the industry navigate a world of significant economic challenges and great opportunities.

‘‘Hence, the insurance industry must continue to evolve and adapt to meet the changing dynamics of society,’’ adding that Mrs. Ilori’s leadership would play a pivotal role in driving this transformation, and ensuring that the Institute remains a beacon of excellence and a catalyst for positive change.

Omosehin also called on the celebrants at the occasion, to reaffirm industry collective commitment to promoting a robust, resilient, strong and stable insurance industry that contributes to the economic stability and growth of Nigeria.

Speaking on NAICOM’s commitment to the industry, he stated ‘‘On our part, the National Insurance Commission (NAICOM) is committed to aligning the insurance sector with the Renewed Hope ‘‘Agenda of His Excellency, President Bola Ahmed Tinubu, GCFR and his ambitious goal of growing the Nigerian economy to $1 trillion by 2030. At NAICOM we view the institute as one of our veritable partners in the development of the much needed skilled-professionals in the course of achieving this goal.

‘‘It is therefore imperative to reiterate our continuous support to the institute in the discharge of its responsibilities and look forward to exploring additional mechanisms of enhancing the existing relationship with the Institute and in facilitating improved perception, transparency and public confidence in the insurance industry.’’

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