Guardian

.. holds investiture of new president

THE Chartered Insurance Institute of  Nigeria  (CIIN) will hold  the investiture of the 45th President and chairman of  Council of the institute.

Besides, the College of Insurance and Financial Management is almost completed for its movement to the permanent site in th

.e next few months.

The 54 year old insurance education arm will record another milestone when  Mr. Fatai Kayode  Lawal   will on Friday 14th June, 2013, become the 45th President of the institute when in the evening of that day, he will be vested with the mantle of leading the great body of insurance professionals.  Lawal joined the governing council in 2001 and has been consistent ever since. Born on the 6th of October, 1960, he is a fellow of the institute.

The chairman, CIIN 2013 presidential investiture committee, Adeyemo Adejumo, who announced the preparations for the event in Lagos last week said,  Mr. Akintola Williams, a chartered accountant,  will be the chairman, special guests of  honour are  Abdulfatah Ahmed, Executive Governor of Kwara State, Babatunde Raji Fashola, Executive Governor of Lagos State,  and HRH, Oba Rilwan Akiolu, Oba of Lagos.

He said, “the focus of the incoming president will begin from where the outgoing president has stopped, that is to improve on the level of education for the insurance industry in Nigeria, strengthen the examination system for measuring skills. We have mapped out strategies where we can take this education not only within the industry,  but all over the country to the higher institutions, secondary and primary schools, we want to educate and enlighten  every Nigerians to know the benefits of insurance. This among others are going to be the principal focus for the industry.”

However, the outgoing President, Wole Adetimehin, in his farewell address said, the lofty goals we set for ourselves on assumption of this Presidency on the 17th of June, 2011 have been substantially fulfilled. These were hinged on the theme: “Repositioning the insurance profession”, and included, strengthening the relevance of insurance profession in Nigeria, enhancing the quality of insurance education in Nigeria, recognition of excellence in insurance  awareness and public enlightenment.

He said “The first significant step taken by the governing council in this direction was the constitution of a formidable industry team which examined the issues related to the national budget and arrived at useful decisions which brought to the front burners the opportunities for economic growth and, in particular, the expectations from the insurance sector.

“This exercise was effectively carried out for the 2012 budget while in 2013, we subjected the exercise to a formidable forum of insurance practitioners facilitated by experts. The platform was the 2013 business outlook seminar which compelled participants to take a closer look at the national budget as a useful instrument for business strategy.

He said, “we have also continually  canvassed the need for a genuine national consciousness on the efficacy of insurance especially with the spate of insecurity and the wanton destruction of lives and property as a result of growing insurgency as well as natural disasters such as floods and storms. As the industry’s educational arm, we have also initiated suitable and relevant training programmes aimed at equipping practitioners with the necessary tools for underwriting the emerging risk exposures such as kidnapping and terrorism. We are also gearing up at promoting the development of pool formations which can contain these catastrophic risks and guarantee greater confidence from  the insuring public”.