Mrs Yetunde Ilori, the President/Chairman of the Council, Chartered Insurance Institute of Nigeria, has urged stakeholders in the insurance sector to collaborate in order to grow the sector.
She announced this on Tuesday during her investiture as the 52nd president/chairman of the council of CIIN, in Lagos.
In her acceptance speech, she said, “Today as I willingly, without coercion accept to be the 52nd President of the Chartered Insurance Institute of Nigeria, the 8th woman to take on the role, I know expectations are high. I am going to have to compete with myself to surpass my achievements in my previous roles, especially as the director general of NIA.
“I am coming on board at a time when economically it looks like the world is coming down. We must come out of the economic crisis a better industry than we got in and there is real urgency to get this done.
“The industry in Nigeria has no semblance of what we have in some developed climes. I must say this is the third time in the last two decades that an enormous amount of money has been spent in charting a course to transform the industry. It is time to execute the strategy, we all (all arms) have put together, and it should not be wasted. It will be a shame to have someone from outside the industry come and fix our pieces together and give us the edifice we have always longed for. It is not a mere coincidence that I am appearing on the stage of life as part of the orchestra that will be playing for now. I love the scripture that says ‘A wise woman builds…’ As a woman, I believe I am created to build and by His grace, I will.”
Olusegun Omosehin, the Commissioner for Insurance, said in his comment at her investiture, he expressed confidence in the leadership ability of Ilori.
He remarked, “I’m optimistic and confident 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.
“Leadership in the insurance sector is more critical now than ever before as we navigate a world of significant economic challenges and great opportunities. Hence, the insurance industry must continue to evolve and adapt to meet the changing dynamics of our society. 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.”
According to the commissioner, the National Insurance Commission is committed to aligning the insurance sector with the Renewed Hope Agenda of His Excellency, President Bola Ahmed Tinubu, GCFR and his ambitious goal of growing the Nigerian economy to $1tn 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.
The 51st president/chairman of the council of CIIN, Edwin Igbiti, expressed appreciation for the opportunity to serve.
“This role has been both a challenge and a privilege filled with moments that have reinforced my faith in the power of our collective ability,” he said.
