Chartered
insurance institute of Nigeria, CIIN, has called on insurance firms to ensure
that the Industry should be in the vanguard of promoting medium and small scale
enterprises in line with the transformation agenda of the Federal Government.
It said this
during the institutes 2013
International Education Conference, held in Lagos, with the theme “The Nation
in Transformation: Repositioning the insurance industry”
It said that
operators should take their human capital development more seriously with a
view to entrenching an enduring succession plan.
According to the
CIIN, the Insurance Industry is facing serious challenges from the less than
optimal financial literacy in the country, to this effect, the Industry should
put the necessary machinery in place for up-scaling its on-going awareness
creation.
It said, that
modern Insurance is highly technology-driven, necessitating the need for
Insurance Institutions to deploy cutting-edge technology in order to square up
with the growing trends engendered by the National Transformation Process
across all Sectors of the economy
According to the
CIIN, the Insurance Industry should promote fruitful partnership with other
relevant bodies and agencies in order to create beneficial synergies in
business promotion.
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