NAICOM Reaffirms Commitment To Promoting Robust, Strong, Stable Insurance Industry
By Sunday Etuka, Abuja
The National Insurance Commission (NAICOM) has reaffirmed its commitment to promoting a robust, resilient, strong and stable insurance industry that contributes to the economic stability and growth of Nigeria.
NAICOM’s Commissioner for Insurance/CEO, Mr. Olusegun Omosehin restated the Commission’s commitment while speaking at the Investiture Ceremony of the 52nd President of the Chartered Insurance Institute of Nigeria (CIIN), Mrs. Yetunde Ilori, held in Lagos.
He explained that emerging realities and developments at the global and national levels today obviously call for collaborative effort to reposition the insurance profession, and rebrand the industry such that its narratives could be better understood by all.
“We should be mindful of the perception of the insurance profession by the public and be deliberate in putting our narratives across.
“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, 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”, he said.
While felicitating Mrs. Yetunde Ilori for her investiture as the 52nd President of CIIN, the NAICOM boss stated that the ceremony marks a significant milestone not only in her illustrious career but also in the evolution of the Nigerian insurance industry.
According to him, Mrs. Yetunde Ilori’s journey to this prestigious position was a testament to her unwavering dedication, exceptional leadership, and profound commitment to the insurance sector.
“As the immediate past Director General of the Nigerian Insurers Association (NIA), she demonstrated remarkable expertise and visionary leadership that greatly contributed to the advancement of that association and by extension our industry.
“Her achievements and wealth of experience, coupled with her relentless pursuit of excellence, makes her the perfect choice at this critical time to lead the Institute to new heights, fostering a culture of continuous improvement, growth and innovation”, he noted.
Mr. Omosehin expressed confident 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.
He maintained that “leadership in the insurance sector is more critical now than ever before as we 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 our society.
“Mrs. Ilori’s leadership will play a pivotal role in driving this transformation, ensuring that the Institute remains a beacon of excellence and a catalyst for positive change”, the Commissioner enthused.
He, however, extended his salutation to the outgoing President and Chairman of Council, Mr Edwin Igbiti and members of the Governing Council of the Chartered Insurance Institute of Nigeria (CIIN), for their steadfast commitment towards the promotion of Insurance education and professionalism among members.
