The Chairman, House of Representatives Committee on Insurance and Actuarial Matters, Hon. Ahmadu Usman Jaha, says the National Assembly will assembly all that is required to give insurance legislation a priority not cleared for the industry up and until now. The commitment going forward, he echoed at Friday July 17 at the investiture of the 53rd President/Chairman of Council, Chartered Insurance Institute of Nigeria, Mr. Akinjide Oluwarotimi Orimolade, will to see improved legislation that rubs on regulation, consumer protection and insurance penetration.
Jaha gave the assurance at the Harbour Point Event Centre, Victoria Island, Lagos, said the House of Representatives would continue to support legislative initiatives that promote innovation, attract investment and enhance public confidence in the insurance sector.
“As Chairman of the House Committee on Insurance and Actuarial Matters, I wish to reaffirm the unwavering commitment of the House of Representatives to supporting legislative initiatives that will strengthen the insurance industry, improve regulatory effectiveness, enhance consumer protection and promote wider insurance penetration across Nigeria,” he said.
Noting that the National Assembly recognises the critical role of the insurance industry in mobilising long-term capital, financing infrastructure development, risk for all endeavours and life, agreed that creating an enabling legal framework remains essential to unlocking the sector’s full potential and strengthening public trust in insurance.
Jaha said the Chartered Insurance Institute of Nigeria is a strategic partner in advancing professional competence, ethical standards and capacity development within the industry, and the House looks forward to sustained collaboration with the Institute in shaping policies and legislation that will improve the resilience and global competitiveness of Nigeria’s insurance market.
He added that the 53rd President emergence reflected the confidence of the CIIN leadership in his professional competence and commitment to advancing the insurance profession and commended the Institute for its long-standing contributions to promoting excellence, ethics, education, research, certification and continuous professional development, noting that these efforts have strengthened the credibility and competitiveness of Nigeria’s insurance industry.
Jaha also urged the new President to prioritise initiatives that would expand insurance awareness, embrace digital transformation, strengthen professional education, empower young insurance practitioners and promote research on emerging risks.
“The future of the industry depends greatly on visionary leadership that can bridge tradition with innovation while maintaining the highest standards of professionalism and integrity,” he said.
Featured Picture: Mr. Ekerete Ola Gam-Ikon, Deputy CFI,, Chief Ephraim Faloughi, CFI Olusegun Omosehin, CIIN President Akinjide Orimolade and his wife, Ahmadu Usman Jaha,House of Rep member and Tope Smart, NEM Chairman/event.
