The Chartered Insurance Institute of Nigeria (CIIN) says the dearth of skilled professionals in the marine insurance business is responsible for the low number of practitioners in the sector.

CIIN President, Mr Muftau Oyegunle, made the disclosure in an interview with the News Agency of Nigeria (NAN) on Tuesday in Lagos.

He spoke against the backdrop of dearth of skilled professionals in marine insurance business in the country.

Oyegunle regretted that most of these practitioners were nursing fear of the unknown for the future of the marine insurance business in Nigeria.

“To the credit of the institute, every year, the number of professionals we produce is increasing, though the increase may not be in radical numbers, but the number of professionals have been going up.

“The issue here is in the area of specialisation. Where are people concentrating their efforts? At a stage, it was aviation insurance that was the problem.

“Another stage, it was life insurance that was the problem, but these days, there are whispers of marine insurance here and there.

“For marine insurance, we have more than three marine courses in our syllabus; that is, one at the diploma level and two at the qualifying level.

“But the question is, are people taking them? My answer may be as good as yours; because if people are taking them, I think the industry will not be complaining,” he said.

He noted that it would be out of place to force people to become specialists in certain areas.

Oyegunle added that the courses were for them to freely specialise in their areas of choice.

”But of course, you know people will specialise in areas they feel they have a clear future for,” he added.

Chief Arthur Okorie Uzoma Okowa, the father of Governor Ifeanyi Okowa of Delta State, South-South Nigeria, has passed away.

THE father of Governor Ifeanyi Okowa of Delta State, Chief Arthur Okorie Uzoma Okowa is dead.

He died in the early hours of Thursday at the age of 88. The Governor’s father who hails from Owa-Alero, Ika North East Local Government Area of the State, reportedly died at Asaba.

Until his death, the late Chief Arthur Okorie Uzoma Okowa popularly called AOU, was the Okpara-Uku of Owa-Alero.

Until his death, the late Chief Arthur Okorie Uzoma Okowa popularly called AOU was the Okpara-Uku of Owa-Alero.

 

 

Ganiyu Musa has been inaugurated as the Chairman, Council of Bureaux, ECOWAS Brown Card at the 37th Session of the Council in Abuja.

Musa is the current Chairman, Nigerian Insurers Association (NIA) and Group Managing Director (GMD), Cornerstone Insurance Plc.

The 37th Ordinary General Assembly of the Council of Bureaux, ECOWAS Brown Card Insurance Scheme, with the main topic, ‘ECOWAS Brown Card Insurance : Emerging Challenges & Strategies for a better future’ held virtually in line with COVID-19 directives

The ECOWAS Brown Card Insurance Scheme was established by Protocol A/P1/5/82 signed by the Head of States and Governments of the Economic Community of West African States (ECOWAS), on 29th may 1982 in Cotonou, People’s Republic of Benin.

The main objective of the Scheme is to ensure prompt and fair compensation to the victims of road accidents for the damages caused them by non residing motorists travelling from other ECOWAS member States to their country. In Europe, Green Card is a similar scheme implemented in 1953.

The ECOWAS Brown Card Scheme operates through a 14 National Bureaux network spread throughout the fourteen Member States. Each National Bureau plays two major roles, which are; to ensure Brown Card availability for local motorists : National Bureau operates therefore as an Issuing Bureau and to conduct investigation and settle claims arising from an accident caused by motorist holders of Brown Card. It then acts as a Handling Bureau.

Musa in his acceptance speech, promised to address all the highlighted challenges bedeviling the success of the scheme, promising to leverage the successes already recorded to reshape and promote the scheme among West African countries.

He stressed that the brown card insurance scheme is an idea that could transform insurance, especially, motor insurance scheme across the borders of West African countries, adding that, it is an initiative that can raise insurance awareness and penetration across the region.

Musa is a highly experienced management professional with over 35 years of diversified experience in insurance, reinsurance, audit, consulting, business advisory and financial management. His professional experience started with Pannell Kerr Forster and later Arthur Andersen & Co where he trained and qualified as a Chartered Accountant and gained top quality experience in audit and financial consulting.

He subsequently worked at African Reinsurance Corporation for 19 years, holding key positions, including Director of Finance & Accounts/Chief Financial Officer and Deputy Managing Director.

He left Africa Re in 2011 to join African Capital Alliance (ACA), a leading pan-African private equity firm as Insurance Sector Specialist and a Director on the Board of Cornerstone Insurance Plc.

He joined Cornerstone Insurance Plc in 2012 as the Group Managing Director/CEO and he is the current Chairman of the Nigerian Insurers Association having also served as Deputy Chairman and Treasurer.

Ganiyu holds a Bachelor of Science (B.Sc. Hons.) degree in Business Administration and a Master in Banking and Finance (MBF) degree, both from the University of Lagos.

L- Mr Winfred Dodzih, Secretary General, ECOWAS Brown Card, Mr Ganiyu Musa, Chairman, Council of Bureaux, ECOWAS Brown Card and Mr Mouhamadou Noba, Past Chairman,Council of Bureaux @ the inuaguration of the Chairman

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