Amaka Obiefuna

The Commissioner for Insurance and Chief Executive of the National Insurance Commission (NAICOM), Olusegun Omosehin, has identified the need for collaborative efforts to reposition the insurance profession.

He pointed out that collaboration has become necessary looking at the emerging realities and developments at the global and national levels currently.

The NAICOM Boss explained that the perception of the insurance profession by the public was of utmost importance, hence the need to rebrand the industry and deliberately communicate narratives with much clarity to the public.

According to him, these can be achieved through collaborative efforts.

He said: “We should be mindful of the perception of the insurance profession by the public and be deliberate in putting our narratives across.

“Together, we can build a brighter and more prosperous future for the Nigerian insurance sector.”

Omosehin therefore, charged the CIIN President to continue to promote professionalism, uphold ethical standards, and foster educational development within the Insurance industry.

Adding that leadership will play a pivotal role in driving this transformation, he further charged Ilori to ensure that the Institute remains a beacon of excellence and a catalyst for positive change.

“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,” he stressed.

“As we celebrate this momentous occasion, it is important to reaffirm our collective commitment to promoting a robust, resilient, strong and stable Insurance Industry that contributes to the economic stability and growth of Nigeria,” Omosehin opined.

He stated that NAICOM, on its part, is committed to aligning the Insurance Sector with the Renewed Hope Agenda of President Bola Tinubu and his ambitious goal of growing the Nigerian economy to $1 trillion by 2030.

NAICOM according to him, views the Institute as one of its veritable partners in the development of the much needed skilled-professionals in the course of achieving this goal of the federal government.

He therefore, assured of the Commission’s continued support to the Institute in carrying out its statutory responsibility, stating that other ways of improving the existing relationship were being explored.