Yetunde Ilori, the incoming president of the Chartered Insurance Institute of Nigeria (CIIN) has unveiled a comprehensive plan to transform the insurance industry in Nigeria.
As a respected industry expert, Ilori has outlined several key strategies aimed at revitalising the sector and promoting its growth.
Addressing the media on her plans as the incoming 52nd President of the Institute, Ilori said her plans will be anchored on a four-point agenda- ‘EPIC’, which stands for Education; Professionalism; Institutional Recognition and Capacity building.
She noted of her deep-seated desire that gave birth to the theme of her tenure, stressing that she believed with all the stakeholders working together the desire can become a reality.
“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,” she posited.
According to her, “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.
Read also: UK firm celebrates Yetunde Ilori’s appointment as President of CIIN
“Evolving education through technology (e-education), she said 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. Imagine insurance as a core subject in secondary schools or a focus for training programs. This will significantly enhance insurance literacy across the nation.”
“Transforming Learning within the Industry, she said her tenure will embrace e-learning. Partnerships with established platforms will provide convenient and engaging learning experiences. Imagine preparing for exams with a whole new approach, one that is effective and enjoyable.”
“Building Expertise through Partnerships: Executive training opportunities will be a cornerstone of our initiative. By partnering with reputable institutions, both local and international, we will offer certification programs that elevate professional skills, she submitted.
Continuing, she said a Business School Model for insurance, would be created to ensure a tiered training program modelled after business schools, stating that from entry-level to executive levels, the Institute would become the premier destination for insurance education in Nigeria.
She also pledged to promote the highest standards of professionalism, adding that the ‘P’ in EPIC stands for professionalism, the bedrock of the 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 sensitisation, where every professional will know the demands of the certificate he or she holds.
“Enhancing the Institute’s Image, she said the CIIN will be synonymous with excellence. We will actively promote the value we bring to the industry and society, she said.
“Making Insurance a top career, she said, “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.”
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