Consolidated Hallmark reassures on grooming talent for insurance industry

Underwriting firm, Consolidated Hallmark Insurance (CHI) Plc has reaffirmed its commitment grooming talents for the insurance industry through its Annual Essay Awards for Tertiary Institutions.

Eddie Efekoha, group managing director of Consolidated Hallmark Insurance Plc, gave the assurance during the presentation of awards to winners of the 10th edition of the competition in Lagos.

He expressed delight that the Essay competition has now clocked 10 years, and is making significant impact in the insurance industry. “We have continued to execute the programme, for the entire industry as some of the previous winners have been employed in the industry and creating value for their respective organizations.”

Efekoha commended the assessors for adhering to high standards which have ensured that the very best emerged winners over the years. The Overall Best and First Prize Winner of the 2020 edition is Olatunji Rebecca of Joseph Ayo Babalola University. She is followed by Obikwere Victor from Imo State University (2nd Prize), and Oyefejo Olaseni from Lagos State Polytechnic finishing third place.

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The winners of the 2020 edition were announced during the awards ceremony that had in attendance, dignitaries including Yetunde Ilori, director-general, Nigerian Insurers Association (NIA), Abimbola Tiamiyu, director-general of the Chartered Insurance Institute of Nigeria, (CIIN), as well as Yeside Oyetayo, the rector of the College of Insurance & Financial Management (CIFM).

Yetunde Ilori, DG of the Nigerian Insurers Association (NIA) offered words of encouragement to the winners and urged them to make this achievement the least of all they will attain in life and appreciated the entire management and staff of CHI Plc for being a source of inspiration and creating the platform for students to embark on research and express themselves through the competition.

In her remarks, Oladotun Adeogun, chairperson of the Essay Awards Committee stated that the Essay Competition received a total number of 24 entries from students of tertiary institutions in 300 level or HND 1 and above studying Insurance or Actuarial Science. Their research topic was titled: “Financial technology disruption in the Banking Sector and lessons for the Insurance Industry, A case study of ‘Opay’ (Mobile Bank)”.

She said the entries were thought provoking and very insightful and expressed gratitude to the independent panel of assessors for their immense contribution towards selecting the various winners based on the set standards.

Meanwhile, the 11th edition of the Essay Competition is currently receiving entries from various institutions of higher learning across the country for the year 2021.

Modestus Anaesoronye

Modestus Anaesoronye is a leading Nigerian financial journalist with over two decades of experience reporting on the insurance and pension sectors across Nigeria and West Africa. He has held key editorial positions at major national media outlets, including The Comet, The Nation, and Financial Standard, and currently serves as a Senior Financial Analyst at BusinessDay Media Ltd. A widely travelled reporter, he has covered industry developments in more than 14 countries across Africa and Asia. Anaesoronye is a multiple award-winning journalist, honoured several times as Insurance Journalist of the Year and Pension Journalist of the Year by recognised industry bodies, including PensionScope and the Pension Fund Operators Association of Nigeria (PenOp), among others.