Outgoing CIIN President Reflects on Transformative Tenure
Yetunde Olubunmi Ilori, the departing President of the Chartered Insurance Institute of Nigeria (CIIN), has reported significant strides in insurance education and awareness through her EPIC agenda. This initiative has reached various demographics across Nigeria, from secondary and tertiary students to primary school attendees.
During a virtual press conference with members of the Nigeria Association of Insurance and Pension Editors (NAIPE), Ilori expressed a sense of fulfillment as she prepares to step down. Her leadership in promoting the EPIC agenda—a framework emphasizing education, professionalism, recognition, and capacity building—has been pivotal in her administration.
Reflecting on her two-year term, Ilori highlighted the collective efforts of stakeholders throughout Nigeria’s insurance ecosystem. “Every achievement during my tenure is the product of teamwork,” she remarked, emphasizing that her commitment was rooted in creating lasting impacts within the industry.
A notable accomplishment under Ilori’s leadership was the CIIN’s vital role in the passage of the Nigeria Insurance Industrial Reform Act, 2025 (NIIRA). This landmark legislation replaces a thirty-year-old law and is anticipated to drive growth, enhance regulatory practices, and elevate the national profile of the insurance sector.
In addition to legislative changes, Ilori underscored the importance of public engagement through initiatives like the annual Insurance Week. This event serves as a platform for market outreach, school programs, and campaigns aimed at deepening insurance penetration across the nation.
In a bid to engage youth in insurance careers, the institute has introduced hackathons that connect students, tech innovators, and industry professionals. These collaborative events are designed to generate transformative solutions for the industry, fostering an interest in insurance among the younger population.
Furthermore, a digital initiative aims to train one million Nigerian youths in insurance literacy. This program, implemented alongside the National Insurance Commission (NAICOM) and the Federal Ministry of Youth Development, strives to equip participants with essential knowledge for pursuing careers in insurance and making informed purchasing decisions.
To promote financial literacy from an early age, the CIIN has published two age-specific books, “Insurance for Beginners,” targeting children aged 4 to 10 and those aged 11 to 16. These resources are being distributed to schools in an effort to simplify insurance concepts and enhance understanding among young learners.
Ilori also announced plans to honor exceptional students, teachers, and schools involved in the insurance subject within the West African Senior School Certificate Examination (WASSCE) while advocating for the reinstatement of insurance education in the secondary school curriculum.
On the front of professional development, CIIN has enhanced its capacity-building initiatives through comprehensive conferences and board-level training, enabling Nigerian practitioners to access global best practices. The College of Insurance and Financial Management has also seen improvements, with modern infrastructure and a state-of-the-art IT laboratory established through contributions from members.
Ilori expressed gratitude for the strengthened collaboration among industry organizations, including the Nigerian Council of Registered Insurance Brokers (NCRIB) and the Nigerian Association of Insurers (NIA), through the “One Insurance” initiative. She acknowledged NAIPE’s unwavering support in promoting insurance awareness throughout her tenure.
In closing, Ilori shared her pride in serving as the 52nd Director of CIIN, emphasizing that her success is tied to the industry’s progress. She remains optimistic about the future, confident that her successor will continue to advance the goals of the institute.
