The Rector of College of Insurance and Financial Management (CIFM) in Lagos, Mrs Yeside Oyetade, has called for quality insurance training to enhance the growth of the industry.
Oyetade made the call in an interview with newsmen in Lagos on Thursday.
She commended the National Insurance Commission (NAICOM) for endorsing the college to train employees of insurance firms before their employment as bancassurance managers or desk officers.
She said the training would equip operators of bancassurance scheme with the requisite knowledge to operate across all financial institutions in the country.
Our source  reports that bancassurance is a new system to be employed by insurance companies to sell insurance products to banks’ customers.
Oyetade  promised that with the new responsibility imposed on CIFM by NAICOM “the college is determined, more than ever, to give classic training that will translate to rapid industry growth”, adding that the duration of the training is 12 to 18 months.
She said that the students, on their first day at the college, were made to know that insurance industry had zero-tolerance for indiscipline so that they could sit up from onset.
“We told them that no matter the temptations and challenges, they must not compromise the ideals of the profession.
“This is meant to enhance high ethical standards in insurance industry,” she said.
According to Oyetade, the college is partnering with various international organisations, such as GIZ, a German trade facilitation agency and Actuaries without Borders, a non-profit volunteer organisation within the International Actuarial Association (IAA) for facilitation.
Oyetade said that the college was offering full-time and part-time Diploma in Insurance and Certificate Courses in Risk Management, Pensions and Annuity as well as Islamic Finance and Takaful.
According to her, the college is also collaborating with some universities offering degree courses in insurance to facilitate its graduates’ enrollment for higher levels in insurance courses.