The National Insurance Commission (NAICOM) has sought industry wide support for repositioning and rebranding the Chartered Insurance Institute of Nigeria (CIIN).

The Commissioner for Insurance, Mohammed Kari made this call at the 48th investiture of the new CIIN president Mrs Funmi Babington- Ashaye.

The Commissioner who was represented by the Commissioner Technical Mr. Sunday Thomas said: “I think it is imperative for us to ask how many of these CIIN certified and qualified members have exhibited and sustained the spirit of the profession.

He added: “How many of us conduct our business in line with the ethics, standards and principles that guide the practice of an insurance professional. These are some concerns I felt I we should try to address especially as we usher in a new era and leadership in the Institute.

“The current developments in the country obviously call for our collaborative effort to reposition the profession and rebrand the Institute. With the benefit of hindsight, it is apparent that no arm of the industry can do it standing alone. The achievements of the CIIN over the years could not have been possible without the active support and participation of all arms of the industry. I want to implore every segment of the sector to continue to work together and grow the industry for the benefit of all.

He further said that “There is obvious need for a reawakening to ensure our trained professionals are continually retrained and equipped with prevailing skills and knowledge for optimal performance in line with international best practice.”

He assured that the commission would continue to support the institute to ensure that the insurance professionals are regularly updated to enable them align with current global trends.

“Suffice it to say that it is high time that the CIIN as a professional body reinvented itself, updated its curriculum to either adopt or adapt contemporary best practices for the overall benefit of the profession. I will implore our brand new president to treat these issues as priority in her agenda. These steps when taken will certainly engender respect and credibility for the Institute and the insurance industry.”