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FELLOWSHIP OF THE INSTITUTE
CONDITIONS FOR ELECTION
1.Applicant must pay a non-refundable application fee of Twenty Thousand Naira only (N20,000.00).
2.Applicant must be at least 30 years at the time of application.
3.Ten (10) years must have elapsed after the applicant had qualified as ACII or AIIN.
4.The applicant is to submit evidence of Financial Membership of the Institute along with the completed application form.
5.Each applicant is to submit a standard dissertation of not less than 3,500 words (Three thousand five hundred words), and not more than 5,000 words (Five thousand words).
6.Four copies of the dissertation, each binded with dark blue cover to be submitted.
7.Applicant should have scored the minimum points in the Mandatory Continuing Professional Development (MCPD) programmes of the Institute. i.e. 40 points each for three consecutive years, preceding the date of application.
8.Each applicant is to submit letters of attestation to his/her good character by a Fellow of the Institute and his/her employers.
9.Applicant will be invited to defend dissertation before the Fellowship Assessment Committee.
10.Each applicant recommended by the Fellowship Assessment Committee will appear before the Board of Fellows for an interview.
11.The decision of Council on election of Fellows is final and the Institute will not enter into any correspondence (s) with any applicant thereafter.
12.On election each successful applicant will pay an election fee of N100,000 and an induction fee of N75,000
14. Submission of applications will close on Monday, August 31st 2009
January, 2009.
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OPERATION RECRUIT 5000 GRADUATES INTO THE INSURANCE PROFESSION
THE INSTITUTE LAUNCHES ITS OPERATION GET 5000 GRADUATES INTO THE INSURANCE PROFESSION.
A COMMITTEE COMPRISING OF REPRESENTATIVES OF ALL ARMS OF THE INDUSTRY TO BE INAUGURATED SOON.
THIS IS A CONSCIOUS MOVE TO BRING IN FIRST CLASS GRADUATES INTO THE PROFESSION OF INSURANCE WITH A PROMISE FOR JOB SECURITY, JOB SATISFACTION, CAREER ENHANCEMENT AND COMPETITIVE REMUNERATION PACKAGES.
IT IS EXPECTED THAT THE INSURANCE INDUSTRY IN NIGERIA, THE SOLE BENEFICIARY OF THIS LAUDABLE EFFORTS, WILL RALLY ROUND THE INSTITUTE TO ENSURE SUCCESS.
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HOTLINE TO THE DIRECTOR-GENERAL
THE DIRECTOR-GENERAL OF THE INSTITUTE, MR. ADEGBOYEGA ADEPEGBA IS WILLING TO TALK TO YOU ON ANY ISSUE PERTAINING TO YOUR MEMBERSHIP OF THE INSTITUTE ON THIS LINE:
234-01-4705512 |
2008 PROFESSIONALS’ FORUM COMMUNIQUÉ
CHARTERED INSURANCE INSTITUTE OF NIGERIA
2008 PROFESSIONALS’ FORUM COMMUNIQUÉ
PREAMBLE:
The 2008 Insurance Professionals’ Forum was held from Wednesday 17th to Saturday 20th September, 2008 at the Gateway Hotel Abeokuta, Ogun state. The convocation of Insurance Professionals’ from across Nigeria had a worthwhile team–building exercise focused on the theme: “When a Professional is not a Professional”. The papers delivered by Speakers from within and outside Nigeria, revolved around key issues of professionalism, dwelling on the imperatives for adherence to professional ethics, corporate governance and codes of best practice. The topics included:
The Professionals’ and heightened expectations in the Financial Services Sector.
Enterprise Risk Management
The Insurance industry and the Challenges of a Vibrant Financial Services Sector.
Who Do You Insure?
Leadership By Example
THE COMMUNIQUÉ
1. That strict adherence to the core values of professionalism should be imbibed by Insurance Professionals for a healthy and sustainable industry
2. That the Insurance Industry should embrace Enterprise Risk Management (ERM) as a vital instrument for Effective Operation and Development.
3. That the Insurance Industry should reinforce the regulatory framework for compulsory Insurances by setting up an Industry Taskforce.
4. That Research and Development, coupled with more innovative market penetration should be a major direction for the emergent Insurance Industry.
5. (a) That there is need for the Insurance Industry to expand its revenue base by diversifying investment beyond its traditional domains.
(b) That the Regulatory Authority should set in motion the machinery for the review of sections of the existing Act relating to Investment to enable operators liberalize their investment.
6. That a Study Group under the aegis of the CIIN should be set up to appraise developments in other advanced insurance markets for appropriate modelling and replication.
7. That the Insurance and Financial Services Industry should deepen its focus on Corporate Social Responsibility so as to engender better life and reduce risk exposures.
DISTRIBUTION :
1. The National Insurance Commission (NAICOM)
2. The Nigerian Insurers Association (NIA)
3. The Nigerian Council of Registered Insurance Brokers (NCRIB)
4. The Institute of Loss Adjusters of Nigeria (ILAN)
5. The Professional Reinsurers Association of Nigeria (PRAN)
6. The Association of Registered Insurance Agents of Nigeria (ARIAN)
7. The Media
SIGNED
ADEGBOYEGA ADEPEGBA
Director General
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CONDITIONS FOR ADMISSION AS SENIOR MEMBERS
Applicants for admission as Senior Members of the Institute must;
1.Either be members of the Insurance Industry holding positions not below that of General Manager but without insurance or any other professional qualification.
or
2.Holders of Insurance Professional qualifications from non-commonwealth countries.
or
3.Professionals in other fields who have been in the insurance industry for at least fifteen years (15) are not below the rank of Senior Manager in any Insurance company, Broking or Loss Adjusting firm.
4. Be at least thirty (30) years old.
5. Complete an application form.
6.Pay a non-refundable application fee of N5,000
(Five thousand naira).
7.Submit evidence of attestation to good character by the employer.
8.On notification of admission, pay an admission fee of N50,000 (Fifty thousand naira only).
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COMMUNIQUÉ ISSUED AT THE 2009 INTERNATIONAL EDUCATION CONFERENCE & EXHIBITION
CHARTERED INSURANCE INSTITUTE OF NGERIA
2009 INTERNATIONAL EDUCATION CONFERENCE
COMMUNIQUE ISSUED AT THE END OF THE PROGRAMME
1. The Nigeria Insurance Industry should take a more proactive drive in human capital development in key technical, management and Information Technology areas to meet with International best practices.
2. The Nigeria Insurance Industry should innovate on social welfare products for the benefit of the masses. This would bring about better insurance awareness and ultimate increase in patronage and revenue for the industry.
3. Good Corporate Governance as key to industry sustenance and development should be imbibed by all insurance institutions in the Nigeria Insurance Industry.
4. The Governing Council of the Chartered Insurance Institute of Nigeria should strengthen the activities of the Inter-governmental Relations committee to impress on the Government the need to involve insurance professionals in policy formulation committees being set up from time to time on matters relating to the entire financial services industry.
5. The Nigeria Insurance industry should reinforce its expertise in asset risk management and investment to enable it earn better investors confidence.
6. The need for the entire practitioners in the Nigeria insurance industry to show better commitment to the Chartered Insurance Institute of Nigeria through adequate attendance at the institute’s educational programmes.
7. Records of company employees attendance of the Mandatory Continuing Professional Development (MCPD) Programme should be made part of documentations for submission to the National Insurance Commission.
SIGNED
ADEGBOYEGA ADEPEGBA
Director General
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REPORTS OF 2008 ANNUAL GENERAL MEETING - TO ALL MEMBERS
CHARTERED INSURANCE INSTITUTE OF NIGERIA TO: ALL MEMBERS REPORTS OF 2008 ANNUAL GENERAL MEETING The Governing Council of the Institute and members at the Annual General Meeting held on Friday, June 20, 2008 at Abuja, FCT decided on matters pertaining to the membership of the Institute and the financial obligations of members. 1. MEMBERSHIP OF THE INSTITUTE The Council, in its commitment to bring everybody in the Insurance Industry within the membership of the Institute has re-stratified the non-professional cadre of its membership. By this action, the membership structure of the Institute will be as follows: Fellows Associates Senior Members Graduate Members Student Members Other Members SENIOR MEMBERS Members of the Industry, holding positions not below that of General Manager but without professional qualifications to be Classified as Senior Members OR Professionals in other fields/disciplines who have been in the Insurance Industry for at least fifteen (15) years and are not below the rank of Senior Manager will also be classified as Senior Members. Members in this category will be inducted by the Institute. GRADUATE MEMBERS Members who have completed the Institute’s Professional Examination but have not accumulated the required five years experience, requisite for election as Associates. They are to be called Graduate Members. STUDENTS MEMBERS Members who are writing the Institute’s examination at any level, be it Certificate, Diploma or Advanced Diploma. 1. REVIEW OF ANNUAL SUBSCRIPTION The Annual General Meeting approved the upward review of the Annual dues payable by members with effect from 1st January, 2009 to sustain the operation of the Institute and finance the programmes aimed at taking the Institute to greater heights. The new subscription payable by members as approved at the meeting are as shown below: Category | Old Rate N | New Rate N | Fellows | 10,000 | 15,000 | Associates | 7,500 | 12,500 | Senior Members | N/A | 7,500 | Graduate Members | N/A | 5,000 | Student Members | 1,000 | 2,000 | Other Members | 1,000 | 2,000 |
The Institute greatly appreciates your support and patronage without which we will not be where we are today or plan to move up to higher level. Your partnership is of great importance to us in our drive to take the institute to greater heights and we promise not to disappoint you in meeting the aspirations of the founding fathers and the entire members of the institute. Thank you and God bless you. Adegboyega Adepegba Director-General The Institute greatly appreciates your support and patronage without which we will not be where we are today or plan to move up to higher level. Your partnership is of great importance to us in our drive to take the institute to greater heights and we promise not to disappoint you in meeting the aspirations of the founding fathers and the entire members of the institute. Thank you and God bless you. Adegboyega Adepegba Director-General |
CHARTERED INSURANCE INSTITUTE OF NIGERIA AT FIFTY (50) - 50YEARS OF TRUSTED PARTNERSHIP
CELEBRATIONS COMMENCE FROM JANUARY 2009 AND WILL PEAK AT THE ANNUAL EDUCATION CONFERENCE/AGM/DINNER/INVESTITURE OF NEW PRESIDENT IN JUNE 2009.
BELOW ARE THE HIGHLIGHTS OF THE CEREMONIES:
- VISIT TO INDIVIDUALS, ELDERS, COMPANIES IN THE
INSURANCE INDUSTRY
- PRAYERS IN CHURCH/MOSQUE
- VISIT TO OLD PEOPLES HOMES, S.O.S VILLAGE ETC
- FOOTBALL MATCH/FITNESS WALK/ROAD SHOW
- DOCUMENTARY ON THE INSTITUTE
- ACTIVITIES IN ALL BRANCHES
- PILA VARIETY DAY
- ANNIVERSARY LECTURE
- ANNIVERSARY SOUVENIRS
- GALA NITE / AWARD CEREMONY
- INVITATION TO FRIENDS OF THE INSTITUTE IN THE U.K.,SOUTH AFRICA, CANADA, INDIA, WEST AFRICAN SUB-REGION, ETC.
HAPPY GOLDEN JUBILEE!!!
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PRESIDENT'S ACCEPTANCE SPEECH
1.0 PROTOCOL
I have had many occasions in my life to give thanks to God for various reasons. Today, however, stands out clearly as one of the greatest days for which I thank God for His infinite Grace on me as an Insurance practitioner. May His name be glorified. For those He has used in making today possible both along the Insurance pathway and in the larger traffic lanes of life.
My entry into the profession of Insurance was both by chance and divine intervention.
I studied Biology at the University of Lagos. On graduation, I was persuaded to try my hands on Insurance. I started my career in Oct 1980 at NICON, as a graduate Trainee during the regime of Mr. Olayinka Lijadu. I am particularly grateful to Mr. Lijadu who introduced the graduate recruitment scheme in 1977 through which graduates in any field of study were employed and trained to become insurance practitioners. I appreciate various past Managing Directors of NICON for the opportunities given to me in my 26 years career at the corporation to attend various training programmes both locally and internationally.
I recognize the awesome responsibility and challenge the Presidency of the Chartered Insurance Institute of Nigeria places on me especially at this time of changes in the Global Economy, and the resultant effect on National Economies. The effect of the global economic recession places more responsibilities on Professionals, to find a lasting solution to the lingering economic crisis in the world.
We are empowered by our statute to determine the standards of knowledge and set the standard for skills to be acquired by insurance practitioners and to review such standards from time to time.
2.0 MY PROGRAMME
As I assume the Presidency of this great Institute today, my resolve is to continue from where our predecessors and founding fathers stopped. We shall build on this solid foundation.
I pray that God Almighty will help us to move our noble profession and institute to the next higher level.
The task before us, though may be daunting but they are achievable.
I appreciate the efforts of our past leaders and we will continue to carry out the policies of Council in a way that will ensure the continued growth of the Institute.
No nation can develop without embracing modern insurance. Our golden jubilee anniversary lecture had as its theme insurance as a vehicle for national development. It is a known fact that Africa generates only about 1% of the World Insurance Premium while South Africa and North Africa accounts for 84% of that 1%. The rest of the African countries including Nigeria share the remaining 16% of 1%.
In my years of exposure to Insurance as a Profession, and as a business, I have come to realize that the major impediment to the penetration of Insurance in Nigeria is lack of Awareness, coupled with the culture and attitude of our people. It is therefore my desire to make an impact in the area of Awareness creation for the Industry.
The theme and focus of my tenure will therefore be “CHANGING INSURANCE PERCEPTION IN NIGERIA FOR GLOBAL COMPETITION”. This will be pursued from the following fronts:
2.1 AWARENESS
The awareness programme would place emphasis on mass education on the various aspects of insurance and the value of Insurance to individuals, businesses, small, medium and large enterprises and the nation’s economy as a whole.
The programme will be driven using the mass media to explain the values of Insurance and its principles. This would be done on the pages of newspapers, radio and television, campaigns at public places and possibly using markets, churches/mosques and collaboration with various Government agencies.
To achieve this lofty idea therefore, a Nation-wide Radio programme will be embarked upon which will have wide coverage and reach out to the grass root. Special focus will be on Insurance as an agent of development even in the rural areas. Some aspect of the radio programme will be translated into the major Nigerian languages and will be broadcast at regular intervals for effect.
As the programme progresses, members of the public will be encouraged to phone-in and ask questions on Insurance.
In addition to this Radio programme, the Print media will be effectively utilized to further drive this awareness campaign. Insurance companies etc will be encouraged to partner with the institute in this mass awareness project. The net effect is that we believe it will impact positively on the performance of the insurance sector and improve our contribution to the Gross domestic product which today is about 1%.
2.2 NATIONAL ESSAY COMPETITION
Students in tertiary and secondary schools nation wide would be encouraged to participate in a yearly national essay competition at the end of which prizes would be awarded to the best three (3) students in different categories.
The Federal Ministry of Education and the state Ministries of Education will be fully involved in packaging this programme
2.3 MENTORING
Most of us Professionals seated here tonight were directly or indirectly encouraged by some people to choose our profession.
It is my desire that we set in motion, a system whereby, an Insurance Professional mentors at least two young persons, with a view to making him/her become a thorough bred Insurance Professional within a period of 3years.
This is one way we can attract younger people into the profession and give back something to our profession.
The Operation 5000 graduates project will be given full attention in order to drive home this point. Insurance companies should continuously review their manpower requirement and adopt a proactive approach to continuously recruit new entrants into the industry and the entrants encouraged to pursue their professional examinations.
2.4 COLLABORATION WITH OTHER PROFESSIONAL BODIES
We have invited to this occasion all the professional bodies in the financial sector. The aim is to begin to build bridges and explore areas of collaboration and cooperation to generate ideas that will enhance our relationship with other institutes.
2.5 WIDER ACCEPTANCE FOR THE INSTITUTE’S DIPLOMA CERTIFICATE
I am happy at the current acceptance rate of the Institute’s Diploma to the generality of organizations in Nigeria. However, during my tenure, effort would be intensified through the already existing forum with the Federal Ministry of Education to accredit the Institute’s Diploma Certificate. This would enable our colleagues to be admitted for post-graduate studies using our Diploma in the Nations universities.
We shall endeavour to partner with other African, and West African States in particular, to make our Diploma certificate acceptable in all the countries in the continent. This will increase the mobility of our members within the continent. Presently many insurance companies have established subsidiaries in some African Countries and posted personnels from here. With our certificates duly accredited, they may not have to take any examination before practicing in those countries.
2.6 ENCOURAGING BRANCHES OF THE INSTITUTE TO CREATE AWARENESS IN THEIR AREA OF JURISDICTION
There are fourteen (14) branches of the Institute located in all the geographical zones of the country.
We will strive to harness the potentials of these branches, to enable them perform their functions which include:
Membership drive
Awareness creation
Enlightenment programmes for Insurance consumers in Motor parks and other public places
Career guidance and counseling for Secondary School Students.
An annual award for the best branch will be instituted to encourage performance.
2.7 ABUJA LIAISON OFFICE
The need to get closer to Government cannot be over emphasized.
To this effect, we shall establish a liaison office in Abuja, to partner with the Abuja branch in facilitating close relationship with the Federal Government. The branch would serve our members located in Abuja and the surrounding states.
The plot of land allocated to us in Abuja will be developed as a matter of priority project to contribute our own little effort towards the building of the capital city.
2.8 PHYSICAL DEVELOPMENT OF THE COLLEGE OF INSURANCE AND FINANCIAL STUDIES
We have a 2 hectare parcel of land located along the Lagos/Ibadan Express Way for which the fence work has commenced.
The designs are almost ready and hereby invite development agencies to partner with us to ensure early completion of the projects.
At the 2008 AGM in Abuja, we resolved to make compulsory levy contribution towards the development of the college. I am pleased to note that members have been responding positively and would appeal to those who have not paid to redeem their obligation towards the college project.
The model of approach for the physical development would include Build Operate and Transfer (BOT), using mortgage bonds, individuals/companies could make donations towards the project.
Such companies would have such buildings named after them and their names would have been written in Gold and posterity would appreciate their efforts.
2.9 HUMAN RESOURCE DEVELOPMENT
We cannot overemphasize the need to train and retrain our members. To this end, we shall monitor every professional and regularly advice members of their M.C.P.D points. It is mandatory that every member should endeavor to develop themselves. Programmes would be initiated nationwide to give members opportunity to participate in future M.C.P.D programmes.
Our library will be further equipped to ensure that up to date relevant materials are available to members. At Branch chapters where we have study centers, we shall provide mini library for members use.
Some of our text books in the current syllabus would be reviewed to adapt it to our local environment and to meet the current economic realities of the ever changing business environment.
3.0 ELDERS FORUM
As part of the activities marking our Golden Jubilee Anniversary, we had a luncheon for our Elders. It afforded the opportunity for re-union and reminiscence of their early days in this noble profession.
We shall therefore resuscitate the Elders forum and take advantage of
their wise counsel.
We appeal to our colleagues and insurance companies to graciously sponsor this forum to ensure continuity. We would also request that our Elders should oblige us when we send our invitation for future programmes.
3.1 FUNDINGS
Funding we all know is key to the successful execution of any project. We have in the last few years made surpluses. I will implore members and companies to continue to give their support by paying their subscriptions and making generous donations to support the activities of the institute.
Other sources such as income from the recently incorporated CIIN ventures, grants from the government and investment income would boost our finances and ultimately we shall become self sustaining.
We wish to appreciate the support of the National Insurance Commission and in particular the Commissioner for Insurance Mr. Fola Daniel in ensuring prompt releases of our subvention and appeal that the commission should assist us in the physical development of the permanent site for our College of Insurance and Financial Studies.
3.2 ACCREDITATION COMMITTEE
We shall constitute an accreditation committee to accredit all organizations involved in the manpower training programmes for our members. The aim is to set some standards for the trainers.
3.3 CONCLUSION
Distinguished guests, professional colleagues, ladies and gentlemen, the task before us is a daunting one. I therefore invite all members of our institute and friends of our industry to join us in the task ahead to ensure that every Nigerian would know about insurance as a profession and ultimately become consumers of our products and services.
We intend to dissipate our energies in the direction of progress with an action centered plan to take our institute to the next level, as we commence our journey into the 51st year of our great institute.
Professionalism is the bedrock of any profession, I will therefore enjoin all my colleagues to always act professionally particularly now that the world (Nigeria not an exception) is facing economic recession resulting from the crisis in the developed economies.
As professionals, we are indebted to our profession to make it better than when we entered. We should therefore devote our efforts at advancing the profession
As we begin another era in the life of our institute, I will be fulfilled if at the end of my tenure the goals anticipated above are fully accomplished.
3.4 TRIBUTES
Permit me to specially pay great tributes to all past presidents and in particular our immediate Past President Mr. Adeyemo Adejumo and council members and staff of the institute who had worked tirelessly in the past to ensure that the institute is what it is today. My prayer is that God would reward you all abundantly.
My appreciation also goes to my former employer NICON, and present employer Alpha Choice Insurance Brokers and my colleagues both past and present for their love and support at various times in my 29 years career in this noble profession.
3.5 APPRECIATION
I wish to express my appreciation to the investiture Committee, chaired by Mr. F.K. Lawal for their wonderful contribution to the success of this event, and hereby transform this committee to the monitoring committee for my tenure.
They would on regular basis review the performance score sheet of my presidency based on a detailed blue print which time will not allow me to present to this audience.
I want also to express my sincere appreciation to my wife of inestimable value who has always been there for me and my children for their understanding particularly in their early years when we were studying for the examinations and daddy was always not at home.
I wish to express my appreciation to my parents, my uncles, brothers and sisters, family relations and friends, our clients at Alpha Choice Insurance Brokers who came from far and near to witness this historic occasion.
I am particularly grateful to the Bishop of Ughelli Diocese - Rt. Rev. Muoghereh who had to shift an occasion back home to enable him attend this ceremony. I must acknowledge the role he played in my life as a little form one student when he taught us Christian religious Knowledge at college.
My special appreciation goes to the Gentlemen of the Press and the various media organizations for the great contributions made in the past in ensuring that all our events were well publicized and Nigerians are better educated today than 10 years ago. One of the cardinal programm of my tenure is awareness. I will therefore solicit your extra-ordinary support and cooperation as I invite you to partner with our institute and the insurance industry to ensure that until every Nigerian knows about insurance and purchase one form of insurance as a risk management tool, the awareness campaign will not stop.
Distinguished guests, professional colleagues, ladies and gentlemen, I am challenged by your presence here today and believe with your support and prayers, together as a team we shall succeed in taking our institute to greater heights.
I thank you all for sparing time of your very busy schedules to honour our invitation to this investiture dinner.
My prayer is that God would grant you all journey mercies back to your destinations.
On behalf of my wife & children I wish to welcome every one here present at this occasion and express my appreciation in particular to Olorogun (SEN.) Felix Ibru the chairman for this occasion, the various special guests of honour, our distinguished colleagues, friends, relations who came from far and near to witness this once in a life time opportunity to be installed as the President of our institute.
Thank you for your rapt attention and God bless you all.
Long live the Chartered Insurance Institute of Nigeria
Long live the Federal Republic of Nigeria.
SUNNY OBERUOMOR ADEDA, FCII, FIIN
President and Chairman of Council
Chartered Insurance Institute of Nigeria
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A NEW PRESIDENT EMERGED FOR 2009/10
A NEW PRESIDENT AND CHAIRMAN OF GOVERNING COUNCIL HAS EMERGED FOR THE YEAR 2009/10 IN PERSON OF MR. SUNNY ADEDA.
PROFILE OF THE NEW PRESIDENT
MR. SUNNY ADEDA
Mr Sunny Oberuomor Adeda born 53years ago is from Ughelli, Ughelli North Local Government, Delta State, Nigeria.
Sunny as he is fondly called started his sojourn through the academic world at St. Stephen’s Primary School, Kano in 1962 and completed his secondary education at James Welch Grammar School, Emevor where he obtained the West African School Certificate in 1970. He also attended the University of Lagos from 1975 to 1978, graduating with a Bachelor of Science (Bsc) Honours degree in Biology in 1978.
Having found himself in the Insurance Industry, Adeda realized the importance of professional qualifications in his quest to become a successful Insurance practitioner. He studied and passed the qualifying examinations of the Chartered Insurance Institute, United Kingdom in both the Associateship and Fellowship of the Institute. He was elected an Associate of the London Institute in 1983 and a Fellow by examination in 1992.
Presently the Managing Director and Chief Executive Officer of Alpha Choice Insurance Brokers, Mr Adeda has garnered twenty nine years experience in his fulfilling career as an Insurance practitioner. The sojourn started in 1980 when he joined Nicon Insurance Corporation as a Graduate Trainee. A committed Professional, Sunny Adeda spent his entire life as an employee with the defunct Nicon Insurance Corporation where he rose through the ranks working in the Life, Aviation and General Accident Departments until he was appointed Executive Director (Technical) on 20th October, 1999, a position he held until July 2006 when he retired voluntarily from the public service.
A strong believer in Continuous Professional Development, Sunny Adeda attended many training Courses both within and outside Nigeria which equipped and positioned him above others in Human Resources and Financial Management. He has international experience through interaction with Insurance and Financial Services Professionals from other climes such as South-Africa, Germany, United Kingdom and Switzerland.
A very humble, and quiet man, Sunny Adeda through dint of hard work served in the Board of Nicon Hotels Limited between 1999 and 2005.
He was first elected to the Council of the Chartered Insurance Institute in 1999. A very active Council Member, he was at various times the Chairman of the Mandatory Continuing Professional Development Committee (MCPD), Vice-Chairman Membership Committee, Chairman College of Insurance and Management Studies, and a member of other committees of Council of the Institute.
Happily married with children, Sunny Adeda is a member of Fountain Hope International, Ikoyi Club, Country Club, Ikeja, Eni Club and IBB International Golf Club, Abuja.
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2009 PROFESSIONALS' FORUM COMMUNIQUE
COMMUNIQUE ISSUED AT THE 2009 INSURANCE PROFESSIONALS’ FORUM HELD FROM 23RD TO 26TH SEPTEMBER 2009 AT THE GATEWAY HOTEL, IJEBU-ODE, OGUN STATE. PREAMBLE The Professionals’ Forum is, unarguably, the gathering of insurance egg-heads. Annually, the forum provides immensurable opportunities for deliberations on issues pertinent to the growth and development of the industry. The 2009 edition comes at an opportune time as it coincides with the emerging realities in the nation’s financial services sector. The forum theme: “The Global Financial Crisis and Implications for Insurance Professionals” is therefore quite apt. Presentations were made on the theme as well as the sub-theme topic titled: “Code of Ethics and Corporate Governance in the Insurance Industry”. Participants deliberated at length on the issues which emanated from the papers and from subsequent discussions and reached the following resolutions: 1. That the Insurance Industry decries the present dearth of infrastructural facilities in the country and calls on the Government to step up infrastructural development in order to reduce cost of production as investment stimulus. 2. That the Industry should put in place an effective framework for the enforcement of its Code of Ethics and Codes of Good Corporate Governance and ensure, in collaboration with the Regulator, that any infractions attract stiff penalties. 3. That the Industry should strengthen its machineries for the design of new and improved products while repositioning for better and more effective service delivery by adopting a financial services operational model. 4. That operators should further harness the benefits of strategic mergers as a self-regulatory measure rather than wait for the regulator’s prescription for capital adequacy. 5. That there should be concerted efforts by Industry operators to increase collaboration on the creation of insurance awareness across the nation. 6. That the Nigerian Insurance Industry should develop and implement appropriate domestic stimulus packages aimed at mitigating the emerging effects of the global financial crisis. Signed Sunny Adeda, FIIN President/Chairman of Council |
NIGERIA AT 50 - INSURANCE AS A TOOL FOR NATION BUILDING
A one day Seminar will hold in October 2010 as CIIN contribution to the 50th Anniversary celebration of our dear Country. The Seminar will hold in Lagos and participation will come from across the Insurance Industry in Nigeria. Please Look out for more information on the Seminar. Thank you. A. Adepegba Director-General CIIN. |
2010 INTERNATIONAL SEMINAR
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WELCOME TO INDIA - 2010 CEO EXCHANGE PROGRAMME
WELCOME TO INDIA - 2010 CEO EXCHANGE PROGRAMME CHARTERED INSURANCE INSTITUTE OF NIGERIA ORGANISES THE SECOND EXCHANGE PROGRAMME FOR TOP EXECUTIVES OF INSURANCE INSTITUTION IN NIGERIA TO INDIA DATE: Saturday, 22nd October – Sunday, 31st October, 2010 WHO SHOULD ATTEND Boards members of Insurance companies, Chief Executive Officers, Executive Directors, General Managers of Insurance and other Financial Institutions. The Chartered Insurance Institute of Nigeria in partnership with Insurance Institute of India presents the second exchange programme for the top echelon of the Industry with a view to understudying how Insurance business thrives in India especially in the areas of Life insurance, Micro insurance, Agricultural insurance and Rural insurance. Several topics will be discussed during this programme and delegates will have the opportunity to interact with notable speakers on Insurance practice across India. This programme will afford participants the additional opportunity of visiting historic places (India) which will be handled by the CIIN, III and a Consultant. It will be our pleasure to welcome you to India. Chartered Insurance Institute of Nigeria (CIIN) Insurance Institute of India (III) |
2010 PROFESSIONALS' FORUM
2010 INSURANCE PROFESSIONALS’ FORUM THEME: AFTER THE GLOOM, MATTERS ARISING SYNOPSIS The financial meltdown which hit the global economy has serious impact on the Nigerian economy. The effects of the full blown meltdown has called to question, the management and investment competences of many Business Managers. What is of importance to professionals is the restoration of Stakeholders’ confidence in their ability to achieve and sustain profitability in business. The world is shifting focus in the direction of proffering solutions to the problems of the financial meltdown capable of raising the low level of investors confidence. The shift in focus is informed by the conclusion reached by financial experts that the impact of the global recession will be visible for many years. It has become expedient for all managers of business including insurance practitioners and professionals to engage in continuous paradigm shift in order to strike the right chord for the winning formula capable of keeping surviving business afloat. |
PAPERS 1. Theme Paper – AFTER THE GLOOM, MATTERS ARISING 2. Second Paper – RESTORING CONFIDENCE IN THE INSURANCE PROFESSIONALS AND THE INSURANCE INDUSTRY 3. SPECIAL FEATURE: – “STATE OF THE INSURANCE INDUSTRY” - "THE CHOICE AND DECISION ONE MAKES IN LIKE" SPECIAL GUEST SPEAKER: MR. DAVID HARPUR - Secretary General, Insurance Institute of South Africa DATE: From: Wednesday, September 15, 2010 To: Saturday, September 18, 2010 VENUE: PREMIER HOTEL, IBADAN, OYO STATE, NIGERIA. PARTICIPATION FEE: N60,000 (Sixty thousand naira only) per delegate. PROGRAMME AT A GLANCE DAY 1 – WEDNESDAY, 15 SEPTEMBER, 2010 4.00 p.m. - Registration of delegates 7.00 p.m. - Welcome Cocktails and Socials DAY 2 – THURSDAY, 16 SEPTEMBER 2010 8.00 a.m. - Registration of Delegates continue 9.30 a.m. - Opening Ceremony 10.00 a.m. - Presentation of Theme Paper 12.00 noon - Presentation of Second Paper 2.00 p.m. - Group Lunch 4.00 p.m. - Sporting Activities & Excursion 7.00 p.m. - Socials DAY 3, FRIDAY, 17 SEPTEMBER, 2010 9.30 – 10.00 a.m. - Special Feature:- The State of the Industry. 11.30 – 12.30 p.m. - Health Talk 12.30 noon - Open Forum & Communiqué 2.00 p.m. - Lunch 4.00 p.m. - Private Evening 7.00 p.m. - Closing Dinner and Socials DAY 4, SATURDAY, 18 SEPTEMBER, 2010 DELEGATES DEPART |
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