Insurance stakeholders have promised to support the Consolidated Hallmark Insurance (CHI) Annual Essay Competition to deepen insurance education and awareness in the country.
This is even as the top three in each of the Internal and External categories emerged in the 13th edition of the competition at the weekend in Ikeja, Lagos.
The stakeholders who converged at the Award ceremony of the competition during the weekend, commended the initiative and offered their support for the competition.
For this year’s competition in the external category, Badmus Waliyat Olaide from The Federal Polytechnic, Offa, Kwara State was the winner, taking home a sum of N500,000, while Nzeocha Gift Omoga from Imo State University came 1st Runners’ Up as Hassan Jamiu Temitope also from The Federal Polytechnic Offa like the winner, came 2nd Runners Up.
For the External Category, they wrote on: ‘Continuous devaluation of Naira and the resultant rate of inflation – effect on Insurance business in Nigeria.
For the Internal Category, they were asked to write on Essay Topic: ‘Challenges and solutions to brain drain in the Insurance sector in Nigeria.’
Speaking on the philosophy behind the initiative, the managing director/CEO,, CHI Limited, Mary Adeyanju, noted that, in the last 13 years, the award has produced winners who have gone on to either work for Consolidated Hallmark or elsewhere in the insurance industry and were good ambassadors in their respective spheres of life.
She said, this had become a major Corporate Social Responsibility(CSR) of the company as it is contributing to skills development in an insurance industry that is currently witnessing dearth of skilled personnel.
Earlier, the president of the Chartered Insurance Institute of Nigeria(CIIN), Yetunde Ilori commended the company and the initiator of the project, stating that, insurance education is central to the future of the industry, hence, grooming talents who will take over the mantle of leadership in the future, is a collective responsibility of all, of which CHI is taking the lead.
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