By LOVETH-AZODO CHIJIOKE
The incoming President/Chairman of Council of the Chartered Insurance Institute of Nigeria (CIIN), Mr. Akinjide Orimolade, has outlined a three-pronged agenda centred on technology, enforcement of compulsory insurance, and institutional capacity building as the strategic priorities that will shape his administration.
Orimolade said the initiatives are designed to modernise the Institute, strengthen professionalism within the insurance industry, and improve insurance awareness and compliance across the country, while positioning the Institute to respond to the evolving demands of the financial services landscape.
Speaking at his pre-investiture press conference Today ahead of his inauguration as the 53rd President/Chairman of Council of CIIN, he noted that rapid technological advancement, changing customer expectations, and the need to deepen insurance penetration require innovative leadership and deliberate action.
A seasoned insurance executive with nearly three decades of experience in the financial services industry, Orimolade currently serves as the pioneer Managing Director/Chief Executive Officer of Stanbic IBTC Insurance Limited. Over the years, he has held leadership positions at AIICO Insurance Plc, Zenith Insurance Plc, Law Union & Rock Insurance Plc and also served as Regional Director for West Africa at Liberty Life, building a reputation for driving business growth and operational excellence across the insurance sector.
A Fellow and current Deputy President of CIIN, he has also played an active role in advancing professional standards within the industry through the Institute’s Governing Council and other professional bodies. His academic background includes degrees in Insurance and Marketing from the University of Lagos, as well as a Diploma in Risk Management from York University, Canada.
According to him, technology will serve as the foundation of the administration’s transformation agenda, with plans to digitise key operations of the Institute, improve examination processes, expand digital learning platforms, strengthen member engagement through technology-driven solutions, leverage data for decision-making, and automate critical processes to improve efficiency and service delivery.
“The future belongs to institutions that are agile, innovative and technology-enabled, and we are determined to position the Institute accordingly,” he said.
On compulsory insurance, Orimolade expressed concern over the low level of compliance with existing insurance laws despite their importance to economic resilience and financial protection.
He said his administration would intensify advocacy and public enlightenment campaigns by working closely with regulators, government agencies, insurance operators, the media and other stakeholders to improve compliance and increase public understanding of insurance.
He expressed confidence that sustained stakeholder engagement and education would encourage more Nigerians to appreciate the value of compulsory insurance to individuals, businesses and the wider economy.
The incoming CIIN President explained that the third pillar, tagged “Building,” extends beyond physical infrastructure to developing people, institutions and strategic partnerships.
He said the Institute would continue to invest in curriculum enhancement, faculty development, research, leadership development and professional training to equip insurance practitioners with skills required in an increasingly dynamic business environment.
He added that the administration would also strengthen the Institute’s infrastructure, particularly its Victoria Island building, while fostering stronger collaboration with government agencies, regulators, educational institutions, employers and other stakeholders whose partnerships are critical to advancing the insurance profession.
Orimolade stressed that the three pillars would be translated into measurable programmes and impactful initiatives rather than remain aspirational, adding that the administration would build on the achievements of previous CIIN leadership while introducing innovative ideas that respond to emerging realities within the industry. He said the full strategic roadmap would be unveiled during his investiture ceremony.
He also called on the media to sustain its partnership with the Institute in promoting insurance education, professionalism and public confidence, noting that effective communication remains critical to expanding insurance awareness and supporting Nigeria’s economic development.
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