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Insurers see challenges ahead as 2019 election draws closer

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Operators in the business of risk management are not unaware of the challenges that this election year will pose on business, even as analysts have predicted that risks are high for investors in all fronts.

Eddie Efekoha, president, Chartered Insurance Institute of Nigeria (CIIN) in his New Year Message to insurance professionals in Nigeria said “Indeed, the year 2019 will likely throw up a lot of interesting challenges as it is an election year. Nevertheless, there still promises to be a lot of risk elements for Insurance outfits to take advantage of.”

Efekoha advised the institute members to seize the initiative being pushed in the industry and as well exploit all areas of business generation that the year will present in various forms.

“Creativity must come to the fore in offering products and services to your target audience. Most importantly, we must embrace professionalism and best practices and also uphold the Institute’s Ethics and Values in the course of our business dealings in 2019.”

We have entered a new year, 2019, that is so special to the Institute. In 2019, the Institute will be 60. It is a year of reflection on the Institute’s journey through the years and its evolution as the premier professional body in Nigeria.  As a body, we are committed to the growth of the Insurance Industry and will not relent in our contribution to promoting the Insurance industry agenda.

He said the CIIN has joined hands with all the stakeholders in the insurance industry to explore all avenues to re-position the sector for greater relevance in the nation’s economy by advocating for ethical practice and constant professional development.

“This is consistent with our mission to provide world-class manpower with the highest standard of professional and ethical training for operating effectively and efficiently in the Nigerian and International business environment.”

The Institute belongs to all of us who wear the identity of Insurance Professionals. It is my hope that as stakeholders, we will continue to lift the Institute higher by actively participating to make the Institute’s programmes and activities in 2019 more successful than the previous year, Efekoha said.

 

Modestus Anaesoronye

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