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Tag: Efekoha

  • Efekoha mulls paperless insurance firms

    After leading a delegate of insurance professionals to an International Executive Programme in the United States, the President of the Chartered Insurance Institute of Nigeria (CIIN), Mr. Eddie Efekoha, has called on insurance firms to consider running a paperless organisation for effective and efficient service to the insuring public.

    Efekoha, who spoke with reporters in Lagos, said he led a delegation of chief executive officers and some directors to Houston, Texas being a major insurance market in the United States few weeks ago to acquire knowledge.

    He explained that the institute had in the past visited countries that had a more advanced insurance market than Nigeria under an exchange programme.

    He said they decided to change the name of the exchange programme to International Executive Programme because there has never been an exchange, rather they go to the countries to gather knowledge.

    He stated that this year, they had presentations and visitations to insurance firms in Houston.

    He disclosed that the structure of Houston market is a little different but developed and advanced, noting that technology is advance in terms  that they use it to drive the business.

    He said: “We decide to go to Houston being a major insurance market in the US and also the centre for oil insurance, knowing that a lot of oil activities take  place in Houston.

    “We undertook the trip on two grounds. One is that as an institute, we are in for knowledge acquisition or capacity building. Many of us learn by listening to lecture, through reading or by observation because when you get so senior, the strength is not as when you were young.

    “We visited companies that are paperless in Houston insurance market and in fact, since we came back with that mindset, we are looking at changing things. When you see somebody in Nigeria with just a laptop, an ipad and his phone, you ask why. But over there a staff has more than three monitors that he can work on and with this they are able to carry out an efficient system. We learnt other couple of things that they do as well. The takeaways for us will vary with individuals but it has broadened us and our network”, he noted.

  • Efekoha to focus on human resources, professionalism

    The quality and quantity of our human resources and professionalism are major issues we must continue to address in order to keep the insurance industry relevant, the newly elected President and Chairman of Council, Chartered Insurance Institute of Nigeria (CIIN), Eddie Efekoha has said.

    Efekoha who made this known in his acceptance speech during the investiture ceremony held in Lagos.

    He disclosed that in advancing insurance education and professionalism, he will embark on projects such as Infrastructural Development at the College of Insurance, Advancing Insurance Education and Professional Development.

    He said the Institute is conscious of its statutory role as the educational arm of the industry.

    He stated that this guided him to arrive at the theme of his presidency, make “Advancing Insurance Education and Professionalism”, which will focus on education and professional development.

    He noted that the programmes to be executed under this theme have been carefully selected while being guided by the doctrine of continuity which was institutionalized by a past President, Bola Temowo.

    He added that this entails concluding on-going positive projects and policies by successive leaderships in addition to embarking on new projects and plans.

  • Efekoha is 49th CIIN president

    The Chartered Insurance Institute of Nigeria (CIIN) is to inaugurate the Managing Director of Consolidated Hallmark Insurance Plc, Eddie Efekoha as its 49th president.

    The event would be held at the Intercontinental Hotel, Victoria Island Lagos.

    The Chairman of the investiture committee, Sunny Adeda, made this known at a parley in Lagos.

    Eminent artist Prof Bruce Onobrakpeya would chair the event.

    He noted that Efekoha, the immediate past chairman of the Nigeria Insurers Association (NIA), has the right values and industry pedigree required to ensure that the institute continues to play a relevant role in the insurance sector.

    He described him as a visionary leader whose years of experience in insurance will be brought to bear on the institute and to the insurance sector as a whole.

    He noted that Efekoha has served the institute in various capacities since becoming a member in 1988, stressing that he was at various times the Deputy President of the institute; Governing Council member since 2005; Treasurer of the Institute; Chairman Education Committee; Deputy Chairman, Membership Committee; Member, Merit Award Committee and Chairman, Board of College of Insurance and Financial Management.

    Adeda maintained that as part of the investiture, a golf tournament has been put together by the golf friends of Efekoha, adding that the special golf event would hold on July 28 at the Ikeja Golf Club.

    He added that there would be a closing dinner on the same day after the golf tournament, noting that the event was aimed at bridging the gap between insurance practitioners and the consumers of insurance.

    He maintained that the institute prides itself as having a robust succession plan which has continued to ensure a rancour-free transition from one president to another, stressing that a candidate to the office of the president was expected to have moved through the leadership ladder without blemish.

     

  • Efekoha is NIA chair

    •Promises to reposition industry

    The Nigeria Insurers Association (NIA) has elected the Managing Director of Consolidated Hallmark Insurance Plc, Mr. Eddie Efekoha, as its new chairman.

    Efekoha, who took over from Gus Wiggle, was elected over the weekend during the 45th Annual General Meeting (AGM) of the association in Lagos.

    The new chairman promised to address four critical areas in line with the theme: ”Sustainable market development through stakeholders engagement”.

    He listed the areas as  stakeholders’ engagement with policy makers, regulatory institutions and industry players; enforcement of market discipline; review of the NIA constitution to make it more dynamic and to embark upon  projects, such as the NIA Building.

    Efekoha recalled that the association two years ago commenced the execution of some key projects.

    These include a positive public image for the industry with industry regulators to ensure higher insurance contribution to the Gross Domestic Product (GDP), better industry friendly legislation, continuous digitalisation of operations and enforcement of the compulsory insurance offerings through relevant public agencies.

    He added that resources had been deployed to ensure the actualisation of the objectives, noting that they would continue to intensify efforts at the Council level to ensure the realisation of these goals.

    “Ours is, indeed, a collective effort. My promise is to ensure full actualisation of the projects we jointly embarked upon in the past, whilst ensuring that many more that will contribute to the elevation of the industry to new heights are embarked upon as I provide the necessary leadership.’’