CIIN to Construct Auditorium

The President of Chartered Insurance Institute of Nigeria(CIIN), Mr. EddieEfeko ha, has said the institute will play a leading role in its crusade on embracing new trend in technology among insurance operators. This, he said would be achieved partly, through the construction of a multi-million na ira multi purpose auditorium at the College of Insurance and Financial Management(CIFM). According to Efekoha, this is in line with his determination to bolster infrastructure at the college. Efekoha, who disclosed this while addressing the media on his activities as the new president of the institute noted that N50 million had been set aside to commence the project. According to him, the N50 million was received from the National Insurance Commission (NAICOM), stressing that the said amount would be used to start the work, while efforts will be geared on looking for more sponsors. Efekoha said the institute would continue to expand infrastructure at the college, which he said was helping the institute in conducting her examinations. He appreciated companies and individuals who had supported the college since inception and urged more companies and well to do persons to partake in the development of the College. Efekoha had at another forum urged insurance practitioners to embrace new trends in technology, which are changing how businesses are operated. According to him, insurance companies are fast changing roles from being product manufacturers to administrative service providers and the evolution is here and must be embraced by all practitioners. Online social networks, he said were becoming pooling mechanisms for insurance, stressing that whether operators like to admit it or not, insurance companies are fast changing roles from being product manufacturers to administrative service providers.