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Insurance industry leadership boosts transformation

 By Patience Saghana
The Nigerian Insurers Association (NIA) may be seeing better days with the level of co-operation of leaders at the helms of affairs at the association’s secretariat.

The two leaders Mr Olusola Ladipo-Ajayi as the 19th Chairman of the association and Mr Sunday Thomas, a thorough bred insurer as the 5th Director-General of the NIA will join forces with Mr Fola Daniel, Commissioner for Insurance to take the sector to greater height.

The co-operation among the leaders in the industry would transform the entire industry, though they are bound to face myriad of challenges such as their predecessors could not complete.

The NIA was formed in 1971 to protect and advance the common interests of insurers in the country by creating and sustaining a positive image for the insurance industry and contributing to legislation, and decisions made by the government and other public Authorities in the best interest of the industry in particular and the national economy in general.

The objects of the association are embodied in detail in the Memorandum of Association. Some of the objects are to protect, promote and advance the common interest of insurers in Nigeria and  to advise members on any action or proposed action by Government or any other Authority in connection with any legislation or policy.
The association was established to advise or consult with the Government regarding any act or thing done or being contemplated by it or its Agencies or other statutory bodies with regard to any matter relating to Insurance business, as well as to guide and assist members in complying with any statute, regulation, order and Government directive relating generally to the business of insurance.

The body was aimed to create better understanding of insurance by all sections of the community including the furtherance of knowledge and research on Insurance and related matters, while also collecting, collating and disseminating statistical, economic and other information relating to insurance.
Again, NIA was also set up to maintain constant dialogue with other trade associations in the insurance industry with a view to fostering good relationships between them, the association as well as the insuring public, as well as to confer, consult, maintain, contact and co-operate with any individuals, associations, societies, institutions or bodies within or outside Nigeria having objects similar to those of the association.


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