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Workers in the insurance sector have been urged to take their services with all sense of seriousness in order to ensure a wide level of market penetration or risk oblivion.

This piece of advice was given by Olola Bode Ogunlana, an icon in the insurance sector as he advocated the need for more awareness about the benefits of insurance to the public. According to a report, Ogunlana said this at the 60th Anniversary Gala Night of the Chartered Insurance Institute of Nigeria (CIIN).

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Ogunlana noted that the sector was at a great risk of oblivion if efforts were not intensified by insurers to remedy the situation in time. He urged insurers to be aggressive in pushing out their products in order to tap from a bigger pool of the Nigerian market.

He highlighted the giant strides taken by the Institute and lauded the success of the underwriters who have demonstrated great knowledge and capacity in the industry. Ogunlana, however, urged that more efforts should be geared towards attaining collective success.


The icon advised insurers to learn more skills and acquire enough expertise in different sectors of the economy. According to him, several sectors are in dire need of the policies and services of insurers.

In the same vein, Sunday Thomas, the new acting Insurance Commissioner asked the Institute to adopt every idea suggested to them at the meeting and improve upon them, as a way of helping the Commission achieve its goals.

The incumbent President of the CIIN, Eddie Efekoha, was full of gratitude to the past Presidents for their immense contributions in pushing the Institute forward.

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In his remarks, he promised to extend his legacy to the young professionals coming up in the industry by training them in the values and ethics of the Insurance Commission.

“We will encourage and involve young professionals in the affairs of both the institute and the industry, mentor them on the values of professionalism, integrity, ethical conduct, which you, our elders, hold very dear to your hearts.”



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