Insurance Sector Leadership More Critical now than Ever Before- NAICOM Boss
Commissioner for Insurance and Chief Executive officer of National Insurance Commission(NAICOM), Mr Olusegun Ayo Omosehin has said leadership in the insurance Sector was more critical now than ever before as players navigate a world of significant economic challenges and great opportunities.
Mr Omosehin stated this in his keynote address at the just concluded investiture ceremony of the 52nd President of the Chartered Insurance Institute of Nigeria(CIIN) Mrs Yetunde Ilori Tuesday in Lagos.
He noted that the insurance industry must continue to evolve and adapt to meet the changing dynamics of our society.
Alluding to Mrs Ilori’s leadership qualities, the NAICOM Boss said Mrs. Ilori’s leadership will play a pivotal role in driving this transformation, ensuring that the Institute remains a beacon of excellence and a catalyst for positive change.
“As we celebrate this momentous occasion, it is important to reaffirm our collective commitment to promoting a robust, resilient, strong and stable insurance industry that contributes to the economic stability and growth of Nigeria”, he said.
He said the ceremony marks a significant milestone not only in her illustrious career but also in the evolution of the Nigerian insurance industry.
He however gave kudos to the outgoing President & Chairman of Council, Mr Eebhidwin Igbiti and members of the Governing Council of the Chartered Insurance Institute of Nigeria (CIIN), for their steadfast commitment towards the promotion of Insurance education and professionalism among members.
He emphasized that Mrs. Yetunde Ilori’s journey to this prestigious position is a testament to her unwavering dedication, exceptional leadership, and profound commitment to the insurance sector.
He added that as the immediate past Director General of the Nigerian Insurers Association (NIA), she demonstrated remarkable expertise and visionary leadership that greatly contributed to the advancement of that association and by extension our industry.
“Today, it’s on record that during her tenure as the DG of the NIA and with the support of the Governing Council, the NIA delivered a befitting Head Office. The 7-storey building with a mezzanine floor has become the pride of the entire insurance industry”.
“Her achievements and wealth of experience, coupled with her relentless pursuit of excellence, makes her the perfect choice at this critical time to lead the Institute to new heights, fostering a culture of continuous improvement, growth and innovation”, he said.
He expressed optimism that under Mrs Ilori’s leadership, the Chartered Insurance Institute of Nigeria, will continue to promote professionalism, uphold ethical standards, and foster educational development within the insurance industry.
He assured that the National Insurance Commission (NAICOM) is committed to aligning the insurance sector with the Renewed Hope Agenda of President Bola Ahmed Tinubu, and his ambitious goal of growing the Nigerian economy to $1 trillion by 2030.
“At NAICOM we view the institute as one of our veritable partners in the development of the much needed skilled-professionals in the course of achieving this goal”, he added.
He reiterated NAICOM’s continued support to the institute in the discharge of its responsibilities and look forward to exploring additional mechanisms of enhancing the existing relationship with the Institute and in facilitating improved perception, transparency and public confidence in the insurance industry.
