Incoming CIIN President Targets Technology. Enforcement Of Compulsory Insurance To Grow Industry

By Sola Alabadan

The incoming 53rd President/Chairman of Council of Chartered Insurance Institute of Nigeria (CIIN), Mr. Akinjide Orimolade, said on Wednesday in Lagos that his “administration will be driven by three strategic pillars which are: Technology, Enforcement of Compulsory Insurance and Building”.
Orimolade, who addressed journalists, explained that “these three pillars represent our commitment to strengthening the Institute internally,
while increasing the relevance and visibility of the insurance profession externally”.
On technology, he said “Our administration will embrace digital innovation across the Institute’s operations. We shall enhance our examination processes, expand digital learning opportunities, improve member engagement through technology-driven platforms, leverage data for informed decision-making, and automate key processes to deliver greater efficiency and improved service delivery”.
In spite of the existence of compulsory insurance laws in Nigeria, he lamented that compliance remains relatively low, pointing out that “Our administration will intensify advocacy and public enlightenment on compulsory
insurance, working closely with government agencies, regulators, operators, the media, and other stakeholders to increase awareness, improve compliance, and demonstrate the value of insurance as a tool for financial protection and national
economic resilience”.
Concerning building, he stated that “This goes beyond physical infrastructure. It encompasses building people, building capacity, building institutions, and building strategic partnerships”.
Orimolade holds a Bachelor of Science Degree in Insurance and a Master of Science degree in Marketing from the University of Lagos, as well as a Diploma in Risk Management from York University, Canada equipping him with a strong blend of technical expertise and strategic business acumen.
He is a chartered insurer and accomplished business executive with over 28 years’ experience in the financial services industry.
As the pioneer and current Chief Executive Officer of Stanbic IBTC Insurance Limited, he has demonstrated exceptional leadership in driving business growth, innovation and operational excellence within Nigeria’s insurance sector.
Orimolade began his professional journey with leading insurance organisations and brokerage firms, including Sovereign Trust Insurance and Bullion Insurance Brokers, where he developed a solid foundation in insurance practice and financial
services.
Over the course of his illustrious career, he held several strategic leadership positions, including Chief Executive Officer of Zenith Insurance, Law Union & Rock Insurance Plc and AIICO Insurance Plc.
He also served as Regional Director for West Africa at Liberty Life, where he played a pivotal role in advancing the company’s regional operations and market presence.
Beyond his executive contributions, Orimolade is a deeply influential
figure in the industry, particularly through his commitment to the insurance
profession at large. As a Fellow of the Institute and the current Deputy President, he has played a pivotal role in shaping standards through his seat on the institute’s Governing Council. His extensive expertise is further reflected in his memberships with the Nigerian Insurers Association and the Nigerian Institute of Management, solidifying his reputation as a transformative leader dedicated to the advancement of the Nigerian insurance market.