Rector of College of Insurance and Financial Management CIFM, Mrs Yeside Oyetayo has called for quality insurance training to enhance the growth of the industry. Oyetayo who made the call yesterday in Lagos, commended the National Insurance Commission NAICOM, for endorsing the college to train employees of insurance firms before their employment as bancassurance managers or desk officers. She said the training would equip operators of bancassurance scheme with the requisite knowledge to operate across all financial institutions in the country. NAN reports that bancassurance is a new system to be employed by insurance companies to sell insurance products to banks’ customers. Oyetayo promised that with the new responsibility imposed on CIFM by NAICOM “the college is determined, more than ever, to give classic training that will translate to rapid industry growth”. According to her, the duration of the training is 12 to 18 months. She said that the students, on their first day at the college, were made to know that insurance industry had zero-tolerance for indiscipline so that they could sit up from onset. “We told them that no matter the temptations and challenges, they must not compromise the ideals of the profession. “This is meant to enhance high ethical standards in insurance industry,” she said. According to Eyitayo, the college is partnering with various international organisations, such as GIZ, a German trade facilitation agency and Actuaries without Borders, a non-profit volunteer organisation within the International Actuarial Association (IAA) for facilitation. Oyetayo said that the college was offering full-time and parttime Diploma in Insurance and Certificate Courses in Risk Management, Pensions and Annuity as well as Islamic Finance and Takaful. According to her, the college is also collaborating with some universities offering degree courses in insurance to facilitate its graduates’ enrollment for higher levels in insurance courses. “The programme is intense, consisting of 22 technical courses through which we deliver indepth training for nine months to our students, preparing them for a successful career in insurance. “It is specifically geared towards assisting insurance and non-insurance graduates desirous of a career in insurance to attain professional qualification within a short time, ” she said. NAN

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