In an effort to create awareness and promote insurance across the country, Chartered Insurance Institute of Nigeria (CIIN) will be collaborating with the Federal Ministry of Education and other relevant governmental institutions for compulsory insurance.
President of the CIIN, Lady Isioma Chukwuma, said this Thursday at a press conference held in Lagos, noting that the Institute has already invited a representative of the ministry of Education to be a board member of the Institute as it was realized that it plays an important role in insurance awareness and promotion.
She said that even though they could not implement the collaboration with some relevant governmental institutions as planned last year, they are re-strategizing on how to fashion out ways for the collaborations to promote compulsory insurance.
She equally said that the Institute has aided in the study and teaching of Insurance by providing support to Institutions across the country through donation of course books, equipping libraries with study materials and equipment.
Lady Chukwuma stated that the institute’s Train-the-Trainer programme was designed for the upscaling of Insurance education and to ensure that insurance teachers possess the required skills for imparting the necessary knowledge to the future generation of insurance practitioners adding that the programme has been well received and many states have shown enthusiasm in partnering with the Institute and the College in this regard.
According to her the programme was first carried out in Lagos and Ogun States and has since been replicated in other parts of the country, stressing that the institute is presently engaging some states that it had visited to fashion out modalities to host the programme in such states.
“The Institute has also aided in the study and teaching of Insurance by providing support to Institutions across the country through donation of course books, equipping libraries with study materials and equipment and also by imploring insurance professionals to volunteer as teachers and lecturers in Institutions so as to cover for the dearth of Insurance teachers and lecturers in our Institutions,” she said.
She urged other states to follow the lead of the Ogun state chapter which she said organised tutorial for the students that sat for the last SSCE and it paid off.
Speaking on promotion of CIIN members, she said that the Institute has over the past year focused on improving exiting members’ benefits.
“Group life policy had been incepted for all Past Presidents and all elected Council Members. The policy provides a sum assured of five million naira (N5, 000,000) per each life assured”, she said
Also, the Institute had instituted a group life policy for all financial professional members. The policy provides a sum assured of five hundred thousand naira (N500, 000) for each life assured and the policy also covers two hundred and fifty thousand naira (N250,000) for permanent disablement arising from accident.
She further disclosed that the Institute is presently exploring possible avenues at situating the CIIN brand on the global stage, adding that they are presently fine-tuning its exemptions relationships with CII (UK).
“We have consolidated the existing off-shore examination centres of the Institute in Banjul, The Gambia and in Kigali, Rwanda and presently pursuing with vigor the extension of the frontiers of our professional examinations to the West African sub-region and other parts of sub-Saharan Africa.
“We have also re-structured the Corporate Affairs Unit of the Institute in order to effectively drive this agenda. It is my utmost belief that the results of these actions shall manifest in the shortest possible time.” she said