• Wednesday, February 21, 2024
businessday logo


CHI Essay competition initiative continues talent discovery for insurance industry


Consolidated Hallmark Insurance Plc’s initiative ‘The National Essay Competition” for higher institutions offering insurance and actuarial science in Nigeria, now at its eight year has continued to identify and empower young talents for the nations’ insurance industry.

The project, which is the brain child of Eddie Efekoha, the managing director/CEO of the underwriting company has over the years identified young talents through participation in the exercise, whom many today and employees of CHI and other leading insurance companies in Nigeria.

Exciting to note that, not only has this ignited the quest for knowledge and research in many of the institutions offering insurance as course of study in Nigeria, it has raised the consciousness of young talents seeking career in insurance.

Besides that, the various institutions have been also regularly challenged to up their game in terms of the quality of students they produce because it has again become a thing of pride to win the annual essay competition being organized by the Consolidated Hallmark Insurance Plc.

The 2018 Edition of the Essay which focused on financial inclusion in the insurance industry for the external category, and digital appreciation by millennials for the internal category, which award held in Lagos on Monday further elicited the excitement that is building up year after year for the competition.

The first prize for the external category who won N250,000 cash and opportunity for employment after graduation went to Korede Bolaji Amole of the Federal Polytechnic, Offa; Second prize of N150,000 went to Balogun Obabiolorun Kosi of the Lagos State University, Ojo; and Ernest Oyemike Orjieh of the University of Lagos, Akoka came third winning N100,000.00.

Eddie Efekoha, who congratulated the winners, their parents and their various institutions, said this is one of the Company’s efforts to complement the role of the Chartered Insurance Institute of Nigeria (CIIN) to regenerate the manpower need of the insurance industry by identifying and empowering young talents.

He urged the higher Institutions to remain professional and ensure that submissions by students are original and independent, pointing that their products will tell what their institutions are offering to the students.

Mohammed Kari, commission for Insurance commended CHI for their contribution towards human capital development for the industry, stating that the exercise will widen the knowledge and interest of the younger people to take up careers in insurance.

Bayo Samagboye, one of the essay assessors decried the declining quality of submissions by students of the various institutions, urging the schools to up their game and ensures that their products meet the human capital need of industries.

The focus which is to select among undergraduates intellectual sound minds through the Company’s annual essay competition is targeted at getting people that will replace the industry’s aging workforce.

This the company believes does not only increase human capital supply to the industry, it creates awareness about the sectors activities thereby making a lot more people embrace insurance as a career or part of life.

Following a merger in 2007, Consolidated Hallmark Insurance Plc emerged as one of the top ten General Business and Special Risk Insurance underwriters in Nigeria. In the last ten years, the company has played a leadership role in the underwriting of key transactions in Aviation, Oil & Gas, Marine Cargo and Hull Business as well as in Motor insurance business. We have built a reputation on Professionalism, Integrity and Excellent Service Delivery. Leveraging on the capabilities and unique skills of the entire group, we provide premium risk management solutions to our clients. Our commitment to serving you better has seen us make key investments in our People, Technology and Processes. We are the second insurance company in Nigeria to obtain the prestigious ISO 9001:2015 (Quality Management Systems Certification).