By The Ameh News
The newly inaugurated 53rd President of the Chartered Insurance Institute of Nigeria (CIIN), Mr. Akinjide Oluwarotimi Orimolade, has unveiled an ambitious reform blueprint aimed at repositioning the Institute as a technology-driven professional body while accelerating insurance penetration, strengthening public confidence and building institutional capacity across Nigeria.
Speaking during his investiture ceremony in Lagos on Friday, Orimolade introduced his TEB Agenda—an acronym for Technology, Enforcement and Building—describing it as a practical roadmap that combines digital innovation, stronger regulatory advocacy and sustainable institutional development to prepare Nigeria’s insurance profession for the future.
He said the agenda would be implemented through clearly defined projects, measurable milestones, quarterly performance assessments and transparent reporting mechanisms to ensure accountability throughout his administration.
Technology Takes Centre Stage
At the heart of the TEB Agenda is the digital transformation of the Institute.
Orimolade announced plans to introduce hybrid computer-based professional examinations, allowing candidates across Nigeria to sit CIIN examinations remotely without geographical limitations.
He also disclosed plans to establish an InsurTech Learning Hub, which will provide continuous professional education in emerging fields including Artificial Intelligence (AI), cyber risk management, embedded insurance, digital distribution models and InsurTech regulation.
According to him, the initiative is designed to equip insurance practitioners with the digital competencies required to compete in a rapidly evolving financial services landscape.
The CIIN President further pledged to institutionalise InsurQuest, the Institute’s innovation programme, by transforming it into a permanent platform linked with the Nigerian Insurers Association (NIA) Innovation Lab to stimulate innovative insurance products and solutions.
He also promised to overhaul the Institute’s digital infrastructure through upgraded member engagement platforms, improved online payment systems and a redesigned website that will serve as a one-stop hub for research, learning, professional development and member services.
Driving Insurance Awareness Beyond Regulation
On the enforcement pillar, Orimolade described the Nigeria Insurance Industry Reform Act (NIIRA) as a major legislative milestone capable of reshaping the insurance industry.
However, he maintained that legislation alone would not significantly increase insurance penetration unless accompanied by sustained public enlightenment and stronger consumer trust.
To address the challenge, he announced the InsureNigeria Awareness Campaign, a nationwide multimedia initiative that will showcase real-life experiences of individuals and businesses whose financial stability was preserved through insurance.
According to report, the administration also plans to expand insurance education in secondary schools and tertiary institutions while strengthening collaboration with other professional bodies to improve insurance literacy and promote informed financial decision-making.
Permanent Secretariat, Leadership Development
Under the “Building” pillar, Orimolade reaffirmed his commitment to delivering a long-awaited permanent CIIN Secretariat.
To mobilise resources for the project, he announced plans to organise an Annual CIIN Secretariat Fundraising Gala, bringing together insurance leaders, investors and stakeholders.
“I am making a personal commitment that before the end of this tenure, we will break ground on the CIIN permanent Secretariat,” he declared.
The administration also intends to preserve institutional knowledge through a structured Mentor-Mentee Programme, pairing seasoned Fellows with young professionals.
In addition, CIIN will launch the Voices of the Industry Podcast, where regulators, insurance executives and industry veterans will discuss emerging issues while participants earn Continuing Professional Development (CPD) credits.
Orimolade also disclosed ongoing discussions with the Fintech Association of Nigeria (FintechNGR) to establish a strategic partnership focused on innovation, talent development, policy advocacy and collaboration between the insurance and fintech sectors.
He assured members that transparency, integrity and measurable performance would remain the guiding principles of his administration.
Experts React
Digital Insurance is the Future
Economist Celestine Ukpong, speaking to The Ameh News, described the TEB Agenda as a timely response to the changing dynamics of financial services.
According to him, Nigeria’s insurance sector has remained significantly under-penetrated compared to many emerging economies, making technology adoption an important catalyst for growth.
“Digital platforms will lower operational costs, improve accessibility and make insurance products available to millions of Nigerians who have never interacted with insurers. The emphasis on technology aligns with global trends where financial services are increasingly becoming digital-first.”
Ukpong added that sustained public education would be crucial if the reforms are to translate into increased insurance uptake.
Public Trust Must Accompany Technology
Public relations expert and Chief Thinker at Henryjvaleens, as well as lecturer at Covenant University, Ota, Dr. Ejike Nduilo, said communication would determine the success of the new administration.
Responding to questions from The Ameh News, he noted that many Nigerians still view insurance as a product they reluctantly purchase rather than one that protects wealth and livelihoods.
“The InsureNigeria Awareness Campaign has the potential to reshape public perception if it focuses on authentic stories, transparency and consistent stakeholder engagement.”
According to him, digital transformation alone cannot build confidence unless insurance institutions demonstrate accountability, prompt claims settlement and continuous communication with policyholders.
He added that strategic partnerships with fintech operators could significantly expand insurance access among Nigeria’s youthful and digitally connected population.
Governance and Accountability Will Determine Success
Financial analyst and chartered accountant Peter Adebayo, FCA, described the accountability mechanisms built into the TEB Agenda as one of its strongest features.
He told The Ameh News that quarterly performance reviews and publicly available Key Performance Indicator (KPI) reports would improve transparency and institutional credibility.
“The insurance industry needs measurable outcomes rather than policy statements. If these commitments are implemented faithfully, CIIN will become a stronger professional institution while contributing to improved confidence in Nigeria’s insurance market.”
He also commended the proposed permanent secretariat project, noting that strong institutions require enduring infrastructure capable of supporting future generations of professionals.
Why the Story Matters
Nigeria’s insurance penetration remains among the lowest in Africa despite reforms introduced by regulators in recent years.
Industry stakeholders believe that increasing digital adoption, improving insurance education, strengthening enforcement of compulsory insurance laws and rebuilding public confidence are essential to unlocking the sector’s growth potential.
Analysts say the success of Orimolade’s administration will ultimately depend on its ability to convert the TEB Agenda from policy promises into measurable outcomes that expand insurance inclusion and reinforce professionalism across the industry.
CIIN President, Akinjide Orimolade, TEB Agenda, Chartered Insurance Institute of Nigeria, Nigerian insurance industry, insurance penetration, InsurTech, NIIRA, insurance reforms, FintechNGR, insurance news Nigeria, The Ameh News
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