When Akinjide Orimolade formally assumes office as the 53rd president and chairman of the Council of the Chartered Insurance Institute of Nigeria (CIIN), he will be bringing more than 28 years of insurance experience to one of the industry’s most influential professional bodies. More importantly, he will be taking charge at a defining moment for Nigeria’s insurance sector, as sweeping reforms, digital transformation and renewed regulatory focus reshape the industry’s future.
Currently the managing director/CEO of Stanbic IBTC Insurance Limited, Orimolade has who will be taking over from Yetunde Ilori, the 52nd President of the Institute, outlined an ambitious agenda centred on technology, compulsory insurance enforcement and institutional development. The three priorities he believes will position the Institute to play a greater role in deepening insurance penetration and strengthening professionalism across the country.
Speaking during a pre-investiture press conference in Lagos, Orimolade said he was assuming office with “profound gratitude, a deep sense of responsibility, and an unwavering commitment to advancing the insurance profession in Nigeria.”
His vision comes as the Nigerian insurance industry undergoes significant transformation under the ongoing Nigeria Insurance Industry Reform (NIIRA 2025) and Recapitalisation Programme, which seeks to strengthen insurers’ financial capacity, improve public confidence and create a more resilient industry.
