• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Saturday, June 28, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home News

CIIN president tasks Insurance directors on manpower development

The Matters Press by The Matters Press
November 25, 2021
Reading Time: 2 mins read
0
CIIN president tasks Insurance directors on manpower development

RELATED POSTS

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

N1.5trn recapitalisation of Agric bank will herald food security – TMV

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

Mr Muftau Oyegunle, President, Governing Council, Chartered Insurance Institute of Nigeria (CIIN), has urged directors of insurance companies to groom manpower that would be top-class.

He said that this was necessary for improved performance and growth of the industry.

Oyegunle advised the directors while delivering his address at the 2021 Insurance Directors’ Conference, held in Lagos with the theme: Insurance Industry In A Changing World.

“With increasing digitalisation and ‘low touch’ system where human input is at its minimal, professionals need to meet the emerging demands for specialised skills.

“There is a need for us as individuals, professionals, and organisations to aggressively equip ourselves with skills and knowledge that would ensure we have the best assets,” he said.

According to him, discussion on the theme of the conference cannot be overflogged, as signs of a changing world is evident around us daily .

Oyegunle said that it was impossible to talk about the changing world of insurance or even the financial sector in general, without talking about Artificial Intelligence (AI).

He said AI was fast becoming the order of the day as organisations seek to build leaner but more effective teams.

” Every business firm in the 21st Industry must leverage on technology to simplify its business strategies and processes, especially now that the pandemic has forced business executives to do things differently, ” he said.

According to him, the future that AI promises for insurance is a series of touchless processes from premium collection through the entire value chain until claims processing.

The CIIN president said that insurance market stakeholders must be at the cutting edge of technology and equip themselves with the appropriate tools required for performance.

He emphasised that insurers must be deliberate with continuous customer engagement, as this not only builds trust but puts the insurer in the face of the customers.

Oyegunle said that beyond technology and knowledge, captains of the industry need to bridge the existing gap between various stakeholders in the industry, to take the industry to the next level.

” Most of the challenges confronting us today require serious cooperation within the industry and collaboration with other relevant stakeholders to move this industry forward.

” This is the main aspect of the changing world that we are not paying adequate attention to,” he said.

Oyegunle appreciated the National Insurance Commission (NAICOM) for providing the platform annually to help members of the board of insurance organisations to refocus on their very important role of running ethical, profitable, and sustainable companies.

He also lauded the commission for its continued confidence in the College of Insurance and Financial Management (CIFM) and its ability to always deliver quintessential training events.

In her presentation, Mrs Olumayowa Ogunwemimo, Managing Director, First Ally Asset Management Ltd., advised the insurance directors to always do a credit analysis to mitigate the counterparty risk and not just focus on interest when making investment decision.

Ogunwemimo charged the directors to also consider Commodity-backed notes issued by the two commodity exchanges in Nigeria – AFEX and LXFE, while investing.

The 203 directors of various insurance companies participated in the conference either physically or virtually.

Tags: Insurance
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

$2.5 billion JBS investment, a big economic victory for Nigeria –  TDF
Economy/Technology

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

June 27, 2025
ActionAid, SWOFON call for urgent completion of BOA recapitalisation
Agriculture

N1.5trn recapitalisation of Agric bank will herald food security – TMV

June 26, 2025
Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF
Energy

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

June 25, 2025
Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope
News

Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope

June 25, 2025
79 candidates for presidential election
News

Tinubu’s new INEC building: A consolidation of democratic institutions, legacy in Nigeria – TDF

June 23, 2025
Gombe: Troops take over to enforce peace
News

Nigerian Army kills 6,260 terrorists, rescues 5,365 civilians in 2 years

June 20, 2025
Next Post
SON alerts on second hand gas cylinders

NMDPRA, NGEP partner on deepening domestic gas utilisation

Nigeria, nine others fail to sign air market deal

Nigeria Air to commence operations by April 2022

Recommended Stories

FIRS deploys tech platform for tax collection

Tax reform bills: TDF hails NGF for embracing Tinubu’s economic reforms

January 18, 2025
Chinese investors to cultivate 10,000 hectares of rice in Yobe

WACOT Rice Academy gets land for project in Kebbi

May 14, 2023
Trading in Nigerian stock market dips further N83bn

Equity market closes on positive note, gains N166bn

December 6, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group
  • N1.5trn recapitalisation of Agric bank will herald food security – TMV
  • Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us