The Chartered Insurance Institute of Nigeria (CIIN) has launched the insurance broking course books to improve the standard of professionalism in the industry.
Mr Edwin Igbiti, President, CIIN launched the books on the sidelines of the institute’s 2023 Elders’ Forum held in Lagos.
Igbiti said the book is one of the five arms of CIIN post-qualification level courses on loss adjusting, micro-insurance, oil and gas..
He said: “The institute, in partnership with Nigeria Council of Registered Insurance Brokers (NCRIB), is launching the insurance broking course books at three levels of assessments namely; Foundation, Intermediate and Associate ship.
“This will culminate into the outcome of enlightening and equipping members to proceed into insurance broking professionals.
“The goal is to provide and equip our professionals with knowledge that is in tune with the realities and demands of modern-day insurance broking practice.
“These books being launched were designed in line with the new syllabus of the concerned courses.
“The contents of which will take our industry to greater levels and improved standards, so we do not fall below already set standards.
According to him, the post qualification routes are followed to ensure that qualified professionals are those who will proceed in specliaising in any desired area of the insurance business.
The CIIN president noted that the institute had partnered with sister organisations in the industry, such as the NCRIB and the Institute of Loss Adjusters of Nigeria (ILAN), to produce the first set of technical course books on the segments in the country.
Igbiti, slso the Chairman of Governing Council, CIIN, expalined that the co-authors provided a general overview of broking business and identified the factors therein.
He stated that the course book is in three different stages namely; Foundation (PFO1), Intermediate (PA01) and Associate (PI01).
“This study text is intended to introduce the fundamentals and managerial operations of insurance broking in an insurance market that is constantly evolving and to demonstrate the importance of this profession within the insurance industry, ” he said.
Igbiti appreciated the CIIN’s past President, Mr Eddie Efekoha, under whom the domestication of the institute’s course books began and the immediate past President, Dr Muftau Oyegunle, who continued with the exercise and handed over to him.
He charged individual and corporate members of the industry to acquire at least two sets of the books for their libraries and also work in partnership with the Secretariat towards donating to academic institutions, families and friends.
Igbiti said: “the institute examinations remain a source of pride in the insurance industry in Nigeria and beyond.
“It is our duty to ensure that our values never waiver and our offerings do not fall below the standards that we have set.’’
