In remarks at the investiture of the 53rd president of the Chartered Insurance Institute of Nigeria, Nigeria's National Insurance Commission urged the professional body to deepen professionalism, ethical conduct and innovation as the insurance industry moves through major reforms. The commission tied that message to its broader agenda under the Nigerian Insurance Industry Reform Act, 2025, which it said is focused on market conduct, policyholder protection, governance and financial inclusion. Commissioner for Insurance Olusegun Ayo Omosehin asked the new CIIN council under Akinjide Orimolade to prioritize three areas: raising standards of practice, ethical judgment and continuous professional development, building the talent pipeline through mentorship and engagement with young professionals and tertiary institutions, and equipping practitioners for digital transformation, data-driven underwriting, cybersecurity and inclusive distribution. He also urged CIIN to support compliance by translating regulatory expectations into professional capacity through CPD, compliance education and board training, strengthening standards on fair treatment of policyholders and prompt claims handling, and identifying compliance gaps for input to the commission. The commission also reiterated that the ongoing recapitalization exercise is central to building a stronger insurance market and said there were 14 days remaining to the July 31, 2026 deadline. It said the process would be transparent, fair and firm, and linked a stronger capital base to better service delivery, faster claims settlement and improved consumer protection.

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