Stories from Edet Udoh, Lagos
The newly elected President of the Institute of Loss Adjusters of Nigeria (ILAN), Alhaji Olufemi Hassan has been urged to utilise his professional capabilities and competencies in the discharge of his duties in order to boost the image of the industry.
The members of ILAN have equally been charged to play their roles well as key stakeholders in the industry.
These admonitions were given by the President, Chartered Insurance Institute of Nigeria (CIIN) Mrs. Funmi Babington-Ashaye at the investiture ceremony organised by ILAN in honour of its 11th President in Lagos recently.
Mrs. Babington-Ashaye reminded ILAN members of how important their roles are to the success and growth of the industry. “Remember, it is sacrosanct that your role can either make or mar the progress of the industry,” she said.
CIIN boss charged ILAN members to always be prepared to learn new skills and techniques in order to make positive impact in the industry as professionals.
CIIN boss promised that her institute will continue to partner with ILAN for the growth of insurance sector in Nigeria.
In his remark at the event, the Chairman of the Nigerian Insurers Association (NIA), Mr. Eddie Efekoha, said in the face of rising claims in the industry, there is need for loss adjusters to redouble their effort in order to meet the need of loss adjusting business of the underwriters.
Efekoha who is also the Managing Director/Chief Executive Officer of Consolidated Hallmark Insurance Plc described the time as “trying” for the industry.
He said claims arising from loses are on the increase and that there is increasing demand for adjusters to meet the needs of adjusting business of the underwriter, adding that for insurance industry to grow, insurers must pay genuine claims because, according to him, claims payment is part of insurance business.
“We are to pay claims but only genuine claims not fraudulent or exaggerated claims,” he advised.
In his acceptance speech, the new president of ILAN, Olufemi Hassan, said he will provide the right leadership to ensure the growth of the institute in particular and the insurance sector in general.
He said the importance and capabilities of insurance claims adjusters in Nigeria, are still relatively unknown hence their contributions to the economic and social wellbeing of the citizens and enterprises including the insurance industry is rarely noticed.
Hassan said to improve on this, arrangement is in top gear to expose the adjusters, first by joining hands with the insurance industry through the window of opportunity soon to be unveiled by the insurance industry and the regulators, the National Insurance Commission (NAICOM) aimed at improving the image of the industry through publicity and awareness creation.