PROTOCOL,
Distinguished Ladies and Gentlemen, we are gathered here today to witness
the official opening of the Centre for Insurance and Financial Management
Studies (CIFMS). I am glad to be a part of this history and want to seize the
opportunity to commend the President, Governing Council and staff of the
Chartered Insurance Institute of Nigeria (CIIN) for this laudable achievement.
the official opening of the Centre for Insurance and Financial Management
Studies (CIFMS). I am glad to be a part of this history and want to seize the
opportunity to commend the President, Governing Council and staff of the
Chartered Insurance Institute of Nigeria (CIIN) for this laudable achievement.
Indeed, today's event marks a watershed in the history of not just the
Institute but the entire insurance sector. This landmark accomplishment
symbolizes growth and key to future accomplishmenl
Institute but the entire insurance sector. This landmark accomplishment
symbolizes growth and key to future accomplishmenl
The CIFMS is a value addition to the quest to better position the CIIN in the
industry and, herald a new era of improvement on services rendered by the
institute not only for its future growth, but more importantly, for the growth
and development of the Nigerian insurance sector practitioners.
industry and, herald a new era of improvement on services rendered by the
institute not only for its future growth, but more importantly, for the growth
and development of the Nigerian insurance sector practitioners.
As the education arm of the industry, this is certainly a step in the right
direction towards the attainment of the CIIN mandate which is to breed and
certify insurance professionals in the country, a pre-requisite for individuals
to qualify as insurance practitioners.
direction towards the attainment of the CIIN mandate which is to breed and
certify insurance professionals in the country, a pre-requisite for individuals
to qualify as insurance practitioners.
Let me advise that as you bask in the euphoria of this accomplishment, you
should not lose sight and focus of the big task ahead. The knowledge gap in the industry remains high just as professional indiscipline. This is
should not lose sight and focus of the big task ahead. The knowledge gap in the industry remains high just as professional indiscipline. This is
unacceptable. It calls for all hands to be on deck if we are to attain the
professional height and standards we all crave to enable the industry
occupies its rightful position in the fore front of financial services sector.
professional height and standards we all crave to enable the industry
occupies its rightful position in the fore front of financial services sector.
As a prudential regulator, the quality of and technical capacity of insurance
practitioners in the country is a major concern to the Commission. We will
continue to support efforts at ridding the profession of indiscipline while
entrenching a culture of professional discipline and adherence to rules and
ethical standards.
practitioners in the country is a major concern to the Commission. We will
continue to support efforts at ridding the profession of indiscipline while
entrenching a culture of professional discipline and adherence to rules and
ethical standards.
It is our desire in NAICOM to superintend over an insurance industry that is
flourishing, financially strong and viable but with the right mix of
professionals.
flourishing, financially strong and viable but with the right mix of
professionals.
Once again, I congratulate the CIIN and the insurance industry for this
landmark achievement.
landmark achievement.
On this note, I officially declare this Centre open to the glory of God and
benefit of all stakeholders.
benefit of all stakeholders.
Thank you.
Fola Daniel
Commissioner for Insurance
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