Paragraph 1: The Genesis of the Insurance Week
The Chartered Insurance Institute of Nigeria (CIIN) embarked on a significant initiative to bolster insurance awareness and industry collaboration by inaugurating the first-ever Insurance Week. This landmark event, scheduled for June 28 to July 4, 2025, aimed to cast a spotlight on the vital role of insurance in safeguarding Nigeria’s future. The theme, "Insurance for All: Securing Nigeria’s Future," encapsulates the overarching goal of making insurance accessible and relevant to every Nigerian. The CIIN envisioned the Insurance Week as a catalyst for positive change in the insurance landscape, fostering greater understanding and appreciation of insurance products and services among the public.
Paragraph 2: Unveiling the Week’s Agenda
The Insurance Week unfolded as a multifaceted series of events strategically designed to engage a wide spectrum of stakeholders. Kicking off with an awareness walk on Saturday, June 28th, the week encompassed a formal opening ceremony at the Nigerian Insurers House on June 30th. This marked the commencement of a concerted awareness campaign targeting secondary schools, Micro, Small, and Medium Enterprises (MSMEs), and strategic market locations in Lagos and shopping outlets, emphasizing the practical applications of insurance in daily life. To further stimulate innovation within the industry, a hackathon competition was organized at the College of Insurance and Financial Management in Ogun State, culminating in a grand finale held in Lagos.
Paragraph 3: The Driving Force Behind the Initiative
Mrs. Yetunde Ilori, President of the CIIN, played a pivotal role in spearheading this groundbreaking initiative. In a virtual meeting held on June 13, 2025, she articulated the driving force behind the Insurance Week, highlighting its threefold objective: promoting insurance awareness, fostering stakeholder engagement, and strengthening industry collaboration. Ilori expressed her conviction that the week-long event would mark a turning point for the insurance sector in Nigeria, leaving a lasting positive impression on the insuring public, industry professionals, and the wider community.
Paragraph 4: Meticulous Planning and Anticipation
The meticulous planning and preparation that underpinned the Insurance Week underscored the CIIN’s commitment to its success. Mr. Eddie Efekoha, Chairman of the Insurance Week Organising Committee, emphasized the rigorous deliberations and meticulous attention to detail that shaped the event’s structure. He expressed the collective anticipation of all involved, confident that the Insurance Week would generate the necessary engagement and stimulate a surge in insurance patronage in the days to come. The commitment to meticulous planning reflected the CIIN’s desire to create a truly impactful and memorable experience for all participants.
Paragraph 5: A Call to Action for Industry Collaboration
Segun Bankole, Chairman of the Corporate Affairs Managers of Nigeria Insurance Association, extended a call to action to his colleagues across the nation, urging them to actively participate in the Insurance Week through their respective companies. He recognized the event as a pivotal platform for the insurance industry to showcase the relevance of insurance in the lives of all Nigerians, regardless of their location. Bankole’s appeal underscored the importance of collective effort and collaboration within the industry to amplify the message of insurance and its protective benefits.
Paragraph 6: The Promise of a Transformed Insurance Landscape
The inaugural Insurance Week represented a bold step towards transforming the insurance landscape in Nigeria. By bringing together stakeholders from across the sector, including industry professionals, potential customers, and the general public, the CIIN aimed to create a shared understanding of the value and importance of insurance. The events of the week served as a powerful reminder that insurance is not merely a financial product, but a crucial tool for mitigating risk and securing the future of individuals, businesses, and the nation as a whole. The success of the Insurance Week laid the foundation for future initiatives aimed at further expanding insurance penetration and fostering a culture of insurance awareness across Nigeria.
