By Sola Alabadan
The Commissioner for Insurance and Chief Executive of National Insurance Commission (NAICOM), Mr. Olusegun Omosehin, has charged Nigerian insurance operators to build enduring institutions that will outlive their founders.
He gave this charge at the 2024 Nigeria Council of Registered Insurance Brokers (NCRIB) CEO’s Retreat held from 13-15, June, 2024 in Uyo, Akwa Ibom State. The theme of the retreat was “Building Institutions That Survive Their Promoters.”
While delivering the goodwill message, Omosehin who was represented by the Deputy Commissioner, Mr. Ekerete Gam-Ikon, emphasised that in today’s rapidly changing world, the concept of building enduring institutions is more relevant now than ever before.
He said “Institutions that outlive their founders represent sustainability, resilience, and continuous excellence, becoming pillars of strength for our communities and guiding us through times of change and uncertainty.”
Omosehin further stated that at NAICOM, there is a deep commitment to creating lasting legacies, stressing that “This commitment is built on robust governance, innovation, and an unwavering dedication to ethical practices. These principles not only ensure the longevity of institutions, but also foster trust and confidence among stakeholders.”
The NAICOM boss highlighted the crucial role insurance brokers’ play in this endeavour, pointing out that “As intermediaries who facilitate critical financial protection, brokers are instrumental in promoting stability and security whose efforts contribute to a safer and more predictable environment for businesses and individuals alike.”
He expressed confidence that the discussions and insights shared during the retreat would illuminate strategies and best practices to ensure that the institutions built today will thrive for generations to come.
Omosehin further urged participants at the retreat to use the opportunity to collaborate, learn from each other, and reinforce the insurance industry’s collective mission to create sustainable futures.
