Miss Gbemisola Atinukeola Abiola of the Federal Polytechnic, Ibadan has emerged the winner of the 4th edition of the essay competition organised by Consolidated Hallmark Insurance, CHI, Plc for tertiary institutions in the country, instituted to encourage research among students. Accordingly, Gbemisola went home with N250,000 from the initial N100,000 which previous winners got.
Miss Nwannennaya Chukwuemeka, from University of Lagos, who won the second prize went home with N150,000 while Mr. Opeyemi Samson Olaniyi of Ibadan Polytechnic who came third went home with the sum of N100,000.
The three winners will automatically be employed in CHI after graduation from their various schools.
CHI said that the aim of the competition, with 2014 topic being, “The impact of micro insurance on socio-economic development of Nigeria,” is to encourage research among students.
Managing Director of CHI, Mr. Eddie Efekoha said that the essay is based on insurance related courses and the company selects topics based on issues that are relevant to the industry that elicit academic debate in practice.
“We send invitations to institutions offering insurance courses to participate; they write and submit their entries based on the topics that we forward to them. As soon as we receive entries, our selected assessors go through them. The assessors have criteria for marking to ensure that the process is credible, transparent and devoid of any frivolity. At the end of the day, the best essays among the participating schools are chosen and awards are given on the basis of first, second and third.