Incoming CIIN president hinges administration on technology, compulsory insurance

The in-coming 53rd President/Chairman of Council of Chartered Insurance Institute of Nigeria (CIIN), Mr. Akinjide Orimolade, has said that his administration will be driven by three strategic pillars which are technology; enforcement of compulsory insurance; as well as building.

Orimolade, who is also Chief Executive Officer of Stanbic IBTC Insurance Limited, stated this at his pre-investiture press briefing in Lagos yesterday.

Orimolade stated that the three pillars represent their commitment to strengthening the Institute internally while increasing the relevance and visibility of the insurance profession externally.

Explaining the three pillars, he said: “Technology will serve as the engine those powers our transformation. Our administration will embrace digital innovation across the Institute’s operations. We shall enhance our examination processes, expand digital learning opportunities, improve member engagement through technology-driven platforms, leverage data for informed decision-making, and automate key processes to deliver greater efficiency and improved service delivery.”

On enforcement of compulsory insurance, he said: “Despite the existence of compulsory insurance laws in Nigeria, compliance remains relatively low. This represents both a challenge and an opportunity. Our administration will intensify advocacy and public enlightenment on compulsory insurance, working closely with government agencies, regulators, operators, the media, and other stakeholders to increase awareness, improve compliance, and demonstrate the value of insurance as a tool for financial protection and national economic resilience.”

On the third pillar, which is building, Orimolade said: “This goes beyond physical infrastructure. It encompasses building people, building capacity, building institutions, and building strategic partnerships. We shall continue to invest in the professional development of our members through curriculum enhancement, faculty development, research, leadership programmes, and initiatives that equip insurance professionals with the competencies required in a rapidly changing world.”