Insurance college, foreign bodies collaborate on development

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Insurance Sector Targets N16trn Asset Base In 4 Years

The College of Insurance and Financial Management has entered into collaborative agreements with foreign bodies as part of its capacity building initiatives.

Rector of the college, Yeside Oyetayo, stated this during the third graduation ceremony of the college in Ogun State.

“We recognise that the Nigerian insurance industry requires specific skills to propel it to the next level and take its rightful place in economic development.

“Consequently, the college has partnered various international organisations such as the Impact Insurance Facility of the ILO, a German trade facilitation agency and Actuaries Without Borders, to deliver on our mission,” she said.

Oyetayo said 11 students graduated from the college last year and 14 students this year.

She said the college was set up to alleviate the human capital challenges of the Nigerian insurance industry.

According to her, it has a vision to become the choice college of insurance training in African.

She said, “Our efforts have not gone unnoticed and the recent appointment of the college as the certifying institution for insurance officers in the industry is an attestation to this fact.

“The college has continued to deepen its involvement with the industry through customised training programmes to meet specific needs of various companies in the industry.”

The President, Chartered Insurance Institute of Nigeria, Mr. Funmi Babington-Ashaye, said the college was pivotal to the success of the CIIN concerning the promotion of insurance awareness and education in Nigeria.

While expressing CIIN’s commitment to the infrastructural development of the college, she said the council recently approved that 50 per cent of its grant from the National Insurance Commission should be used to fund capital projects in the college.

“By the virtue of this graduation and other training activities, such as those offered to insurance teachers in public secondary schools all over the federation, the college is playing a huge role in providing insurance education for the next generation,” she said.

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About Haruna Magaji 2482 Articles
Haruna Magaji is a journalist, foreign policy expert and closet musician. He is a graduate of ABU Zaria and a member of the Nigerian union of journalists. JSA, as he is fondly called, resides in Suleja, Abuja. email him at - [email protected]

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