AS part of measures to enhance the image and capacity of the nation’s insurance sector, the Chartered Insurance Institute of Nigeria, CIIN has set in motion a Strategy Advisory Exercise, SAE to identify key issues bordering on the growth and advancement of the industry.
It will also articulate actionable solutions and delineate key strategic imperatives for the institute within a workable framework in the next five years and beyond. CIIN, in a statement, said the plan became necessary to stimulate a key economic agenda that could aid growth and engender relevance for the insurance industry in Nigeria.
The event which featured prominently foremost consultancy firm, KPMG, also provided a platform for participants to incubate ideas that will chart a new course for the Institute in its resolve to achieve the status of a Mega Institute.
The Special Retreat had in attendance, Chief Executives of insurance companies in the country, stakeholders from allied sectors of the industry, financial services and a cross section of members of the Institute’s Governing Council.
The Director-General, CIIN, Kola Ahmed, said the Strategy Advisory Exercise was necessitated by the CIIN Governing Council’s continuous commitment to the actualisation of the institute’s statutory responsibilities as enshrined in Act 22 of 1993 of the Federal Republic of Nigeria; chief of which is the determination of the standards of skill and knowledge to be possessed by practitioners for the ethical and professional delivery of insurance services in a dynamic and peculiar Nigerian business environment.