Economy

Chartered Insurance Institute of Nigeria, CIIN, Oyo State has inaugurated its new executive members.

The institute at its annual investiture and award presentation held in Ibadan inaugurated Mr Oladeji Akinola as the chairman and eight others as executive members who are to steer the affairs of the institute for another year.

In his acceptance speech, Mr Akinola promised to consolidate the achievements of the past administrations as well as to begin the process of constructing a permanent secretariat for Oyo State CIIN.

Mr Akinola said the new executive would prioritize the training of members and insurance students for them to be more professional and certified.

In an address, an insurance broker and patron of the institute, Chief Babajide Olatunde-Agbeja appealed to insurance managers to go by the dictates of the policy and adequately pay claims to their clients who suffer any loss.

Chief Agbeja cautioned insurance brokers against dishonesty and lack of trust but urged them to keep to the promises agreed with the clients.

Earlier, the Chairman on the occasion, former deputy governor of Oyo State, Chief Iyiola Oladokun, represented by Chief Alani Olojede, highlighted the need for Nigerians to imbibe the culture of taking out insurance policies.

The highlight of the event which was well attended by insurance professionals across Oyo State was the presentation of awards to the institutes’ outstanding members and members of the society who have distinguished themselves in their chosen careers.

Mosope Kehinde

Economy

Ogun State governor, Prince Dapo Abiodun says the recently unveiled online platform for third party insurance, the E-Third Party Insurance would enable people to buy genuine third-party insurance and eliminate fake insurance certificates.

The governor made this known at the 31st Chartered Insurance Institute of Nigeria Professional Forum held in Abeokuta.

The governor noted that the platform would be open to all interested insurance companies operating in the state and would offer opportunities for insurance partnerships in other areas of the state.

Governor Abiodun hinted that the state government has commenced the implementation of its universal health insurance scheme.

He disclosed that the scheme would be beneficial to the informal sector of the state as it would help to reduce out-of-pocket expenditure as well as increase their access to quality health care, regardless of their socio-economic status.

Prince Abiodun urged the insurance professionals to embark on awareness and public enlightenment programs on the benefit of insurance to the people.

The Alake and Paramount Ruler of Egbaland, Oba Adedotun Gbadebo in a remark commended the Institute for bringing the forum to the state capital and disclosed that the worth of insurance is highly commendable.

Earlier, the President of the Chartered Insurance Institute of Nigeria Mr. Mufutau Oyegunle noted that the digital era is around and that artificial intelligence has played a large role in its evolution.

He stressed that more organisations are embracing the idea of a single microchip processing multiple functions and explained that the purpose of insurance was to enable risk-taking, support economic growth, encourage innovation and ultimately enhance the resilience of the society and the economy.

Wale Oluokun