Mrs Yetunde O. Ilori, In-coming CIIN President, Chairman of Council present four-point agenda summarized in four-letter acronym

Mrs. Yetunde O, Ilori, in-coming 52^nd president of the Chattered Insurance Institute of Nigeria (CIIN)  has given a lowdown of what would be her policy direction when she assumes the administration of the CIIN during a media briefing with members of the press in Lagos.

She expressed her deep-seated desire to work towards the development of the insurance industry in Nigeria which gave birth to the theme of her tenure “Igniting the bedrock of our envisioned industry” and expressed the belief that with all stakeholders working together this desire could become a reality.

According to her, ‘‘We will focus on enhancing our educational programs, 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.

‘‘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).

‘‘It can be said to be ambitious and artistic goal but I am encouraged by this saying “So many of our dreams at first seem impossible, then they seem improbable, and then, when we summon the will, they soon become inevitable”.

‘‘EPIC was chosen after taking a critical look at our industry, assessing where we are and where we should be. This acronym encapsulates our commitment to Education, Professionalism, Institutional Recognition, and Capacity Building within and outside the insurance industry.

‘‘Evolving Education Through Technology (E-Education) 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.

‘‘We must move beyond simple awareness campaigns and empower the public with real education. Technology is our key to: Reaching New Audiences: We will leverage existing channels and institutions to deliver insurance education outside the industry.’’

Mrs. Ilori also promised to establish a business school model for insurance, pledging to create a tiered training program modelled after business schools. From entry-level to executive level. The details of the programme she plans to implement during her tenure are highlighted in following paragraphs:

‘‘Promoting the Highest Standards of Professionalism (P) The ‘P’ in EPIC stands for professionalism, the bedrock of our Institute. We will focus on:  Discipline: Maintaining the highest ethical standards is paramount. We will ensure strict adherence to our code of conduct. We embark on sensitization, where every professional will know the demands of the certificate he or she holds.

‘‘Enhancing the Institute’s Image: The CIIN will be synonymous with excellence. We will actively promote the value we bring to the industry and society at large. Making Insurance a Top Career Choice: We will strive to make the CIIN qualification as prestigious as those offered by the other institutes. Our goal is to make insurance the first-choice career path for talented individuals.

‘‘Elevating the Fellowship Program: A rigorous review of the Fellowship assessment process will ensure it continues to meet the highest global standards. Upgrading Program Quality: We are committed to offering exceptional educational programs that are continuously improved to meet the evolving needs of the industry.

‘‘Building a Recognized Institution (I) The ‘I’ in EPIC represents Institutional Recognition. We will:  Establish a Credible Awards Program: The annual Insurance Week will be a highlight of our calendar showcasing the talents and achievements of institutions and individuals within our field. By instituting credible award giving events with well-defined criteria, we will celebrate excellence and inspire others to strive for greatness.

‘‘Enhancing Capacity Through Targeted Initiatives (C) The final pillar of EPIC is Capacity Building. We will focus on: Strengthening the CIIN Secretariat: We will address any capacity gaps within the Institute itself, ensuring we have the resources to deliver on our ambitious goals. Building Expertise in Niche Areas: Certain sectors, such as Marine and Aviation insurance, require specialized knowledge.

‘‘We will develop programs to address these needs, encompassing not just underwriting but also vital areas like claims adjusting.  Connecting the Diaspora: Nigerian Insurance professionals abroad possess valuable knowledge. We will create avenues for them to share their expertise with their colleagues at home.

‘’Investing in the Future: Scholarship programs will nurture talent from colleges and universities. We will also establish a Chartered Insurance Analyst (CIA) product to qualify exceptional individuals.  Providing Internship Opportunities: Exposure to the realities of the workplace is crucial. We will create internship programs to bridge the gap between academics and practical experience.

‘‘The Road Ahead EPIC is a bold vision, but I am confident that together, we can achieve remarkable things. With your support and dedication, the Chartered Insurance Institute of Nigeria will become a force for positive change in the industry.

‘‘We will empower the public, elevate professional standards, and ensure our Institute is recognised as a beacon of excellence.’’

 

 

 

About The Author