COMMISSIONER for Insurance and Chief Executive, National Insurance Commission, NAICOM, Mohammed Kari has warned insurance practitioners to desist from unethical practises, urging them to embrace professionalism and ethical behaviour.
Kari, who gave the advice during the investiture of the 47th President of the Chartered Insurance Institute of Nigeria, CIIN, in Lagos said, the advice has become necessary to regain the confidence of the profession.
The NAICOM boss, who said the Commission places more emphasises on professionalism, said the regulator will continue to support the Institute, especially in the areas of curriculum for adequate capacity building for insurance practitioners.
“As we are aware, this is an era of change and insurance industry cannot be left behind in the scheme of things. I urge the CIIN to uphold and encourage its members to adhere strictly to the observance of the industry’s codes of conduct as well as ethics for a healthy practice of insurance profession,”Kari added.
He, however, reiterated the need to increase insurance contribution to the Gross Domestic Product, GDP, in order to win public apathy to insurance business.
Kari said: “We must’ desist from unwholesome practices in the discharge of our responsibilities to the insured by playing as true professionals.
“We should not be unmindful of the perception of the insurance profession by the public. The apathy towards insurance and the way and manner the profession is being addressed need a rethink from all of us. We all know the whys, let’s us discuss dispassionately and agree on how to correct the wrong perceptions,” he added.
Meanwhile, the new President of the Institute, Lady Isioma Chukwuma, at the ceremony unveiled an 11 point agenda to move forward the industry in Nigeria.
In her speech titled ‘Consolidating The Gains Of The Industry For National Growth,’ Chukwuma said that the promotion of the ideals and gains of the SInsurance Industry Consultative Council, IICC, especially the sustenance of the Industry Mega conference, of which the just concluded Maiden edition would be a reference point, would be priority.

READ ALSO  Buhari questions benefit of naira devaluation