The Chartered Insurance Institute of Nigeria (CIIN) on Friday inaugurated Akinjide Orimolade as its 53rd president and chairman of council.

Mr Oriomolade, while speaking at his investiture in Lagos, pledged to deepen technology adoption, strengthen insurance awareness and commence the construction of its permanent secretariat.

The new president said his administration would build on the achievements of his predecessor, Yetunde Ilori, through a three-point agenda termed Technology, Enforcement and Building (TEB).

He stated, “The agenda is designed to reposition the institute and prepare insurance professionals for the rapidly evolving global insurance landscape. The institute will complete the transition to hybrid computer-based examinations. This is to enable candidates across the country take professional examinations without geographical constraints.

He noted that the institute would also establish an InsurTech Learning Hub to provide continuous professional development in emerging areas such as artificial intelligence and cyber risk among others.

“Leadership in this institute has never been about status but always about service. I, therefore, call on members to collaborate and be committed in this journey of powering the future of insurance.

“This administration will pursue a focused, time-bound and measurable agenda for transformation, designed to move it forward,” he said.

Mr Oriomolade said he would launch the “insureNigeria awareness campaign” to take insurance into schools and professional bodies.

He added, “We have plans to commence the construction of a permanent secretariat, to strengthen the institute’s infrastructure. We will organise an Annual Secretariat Fundraising Gala to mobilise support from insurance operators, investors and other stakeholders.

“I am making a personal commitment that before the end of this tenure, we will break ground for the CIIN permanent secretariat.”

The immediate past president of the institute, Yetunde Ilori, urged the incoming leadership to embrace innovation while preserving the institute’s core values.

Ms Ilori advised the new president to courageously adopt innovations that would advance the profession, while remaining committed to the institute’s enduring principles.

“Integrity should remain the hallmark of your leadership as it inspires confidence, strengthens accountability and earns the trust of members and stakeholders,” she said. 

(NAN)