The President of Chartered Insurance Institute of Nigeria (CIIN), Mr Eddie Efokoha, on Saturday advised the new inductees to be good ambassadors of the insurance profession.
Efekoha gave advice in an interview with the News Agency of Nigeria (NAN) following the induction of 138 new associates and three fellows into the fold of insurance professionals by the institute.
According to the CIIN president, any unethical practice displayed by any inductee automatically turns the inductee into bad ambassador.
“Such fellows have robbed the industry its positive image and integrity,’’ he stressed.
He posited that obtaining insurance practice professional qualification made the new practitioners custodians of good ethics.
He said that the codes of insurance practice evolved by the National Insurance Commission (NAICOM) and CIIN for the noble profession must be duly followed and respected.
He said the institute recently introduced new code of ethics for members which had already been distributed.
Efekoha maintained that the codes set values, principles and standards for the conduct of all insurance practitioners.
“The codes instill ethical behaviours among insurance professionals and the principal ways to improve corporate governance which will automatically improve the public perception of insurance in the country,’’ he said.
The president also tasked the inductees to continuously develop their skills in order to keep abreast of developments in the industry globally.
He said: “I admonish you to develop yourselves in order to keep abreast of developments to sustain your relevance in the ever-changing business environment.’’
Efekoha said that the CIIN was conscious of the demands of the mordern business environment and the role technology was playing which called for continuous upgrading.
“Considerable efforts to re-tool the examination system through regular review of the syllabus and examination structure are ongoing.
“The goal is to ensure that insurance practitioners retain the competitive edge and well equipped to handle current challenges in the business landscape and to stand out successfully,” he said.