College of insurance graduands urged to sustain ideals of the profession
Eleven graduands of the College of Insurance and Financial Management who recently graduated with diploma in insurance and allied courses has been urged to sustain the ideals of the insurance profession and remain good ambassadors of the industry.
The college of insurance and financial management was set up to deliver cutting edge educational services to the Nigerian industry in insurance and finance, and in its two years running produced 35 diploma graduandes.
Funmi Babington-Ashaye, chairman Governing Board of the college implored the graduands not to relent but strive towards achieving the associateship and fellowship qualifications of the institute in order to become professionals of repute in the insurance industry.
“More importantly, let me seize this auspicious opportunity to charge you all to go into the industry with the high ethical standards that were inculcated in you during your training at the college. As you are aware, the industry has zero tolerance for unethical behaviour and the CIIN is taking very serious steps in this regard. Accordingly, no matter the temptation or challenge, you must not compromise the ideals of the profession. Only by so doing, will you remain a worthy ambassador of the insurance profession.”
“We recognise that there is a dearth of human capital in the Nigerian insurance industry and it is determined to alleviate these challenges as much as possible with the support of the industry, Yeside Abiodun Oyetayo, rector of the school said.
Oyetayo stated that in fulfilling this mission, the college has partnered with various international organisations such as the impact insurance facility of the ILO, GIZ a German trade facilitation agency and Actuaries without borders, a nonprofit volunteer organisation within the International Actuaries Association (IAA) with a mission to develop, organise and promote the actuarial profession globally especially.
Kehinde Adenrele, chairman, FBN Insurance who was the chairman of the graduation ceremony emphasized the role of insurance in risk management and stability of the financial services industry, saying the importance of education cannot be over emphasized.
Adenrele said with the increasing uncertainties and unpredictability in Nigerian, where the crude oil price, inflation rate , exchange rate and other economic indicators are sustaining negative trends, the need for risk management and insurance expertise is therefore of great importance. I therefore concur with Mandela that education must be embraced as a critical weapon for changing the fortunes our world starting with Nigeria. Consequently, the education provided by this college is essential for the insurance to satisfactorily play its role in supporting the financial services and the Nigerian economy.
The college offers full-time and part-time Diploma in insurance and certificate courses in risk management, pensions and annuity and Islamic finance and Takaful. Furthermore, we also conduct induction training for a new recruit in the insurance industry. We are currently collaborating with universities in Nigeria offering degree courses in insurance on our foundation programme geared towards increasing the enrolment levels in insurance courses.
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