The Chartered Insurance Institute of Nigeria (CIIN) has expressed its appreciation to Continental Reinsurance Plc for its generous donation of N62 million toward the establishment of an ICT facility at the College of Insurance & Financial Management (CIFM).
The commendation was made during a formal cheque presentation at Continental Re’s office on Tuesday. The chairman of the Governing Council of CIIN, Jide Orimolade, who also serves as the institute’s deputy president, led the delegation.
Describing the initiative as transformative for the Nigerian insurance industry, Orimolade praised Continental Re’s unwavering commitment to capacity development. He remarked that, “the value we see in Continental Re is something very close to our hearts. Strengthening the skill set within the insurance industry is crucial, and this support represents a significant step toward achieving that goal.
“When the industry recognises the College of Insurance as a hub for producing skilled professionals, it will enhance its reputation as a source of qualified talent to fill critical roles. This initiative is indeed commendable. Kudos to Continental Re for its outstanding contributions to capacity development in the sector.”
The group managing director of Continental Re, Mr. Lawrence Nazare, reiterated the company’s commitment to fostering growth among its partners across all regions of operation. He explained that the initiative aligns with Continental Re’s broader strategy to promote excellence and sustainability within Africa’s insurance landscape.
Nazare highlighted that Continental Re recently launched the Continental Re Academy, which aims to collaborate with local institutions such as CIFM to enhance training and capacity-building efforts in the Nigerian insurance sector. ‘Our academy focuses on aligning training programs with local industry demands to equip graduates with the necessary skills for success,’ he said.
According to Nazare, the strategic approach seeks to position CIFM and similar institutions as vital sources of skilled professionals, fostering industry growth and resilience. He also emphasised the importance of increasing insurance penetration across Africa and building a more resilient continent.
In her remarks, the president of CIIN, Yetunde Ilori, expressed gratitude to Continental Re for its continued support and dedication to human capital development. She assured stakeholders of effective management of the donated resources, stating that, “With a capable Rector in place, you can be confident that the resources will be properly utilised. We will ensure the vision for this initiative is sustained. Thank you for this honorable contribution.”
