The Institute of Loss Adjusters of Nigeria (ILAN) is stepping up efforts to transform Nigeria’s insurance landscape by calling for stronger collaboration with international counterparts. The move is aimed at deepening knowledge sharing, enhancing expertise, and positioning Nigerian professionals on the global stage.
During a recent courtesy visit to the National Insurance Commission (NAICOM), ILAN’s leadership—headed by Ikechukwu Udobi—outlined a bold vision for industry growth through global partnerships.
A Milestone for the Profession
One of the major highlights of the visit was ILAN’s appreciation for NAICOM’s role in revising the Loss Adjusters’ Scale of Fees. According to the Institute, this long-awaited update marks a turning point for the profession, which had experienced decades of stagnation.
The Commissioner for Insurance, Olusegun Ayo Omosehin, was commended for supporting reforms that are expected to revitalize the sector and improve professional standards.
Focus on Training & Specialized Expertise
ILAN emphasized that continuous learning is critical for the future of loss adjusting in Nigeria. The Institute is advocating for:
- Advanced training programs
- Capacity-building initiatives
- Specialization in high-demand sectors like energy, oil & gas, and special risks
These efforts, Udobi noted, are essential to aligning Nigerian loss adjusters with international best practices and making them more competitive globally.
Why Global Collaboration Matters
A key takeaway from the engagement is ILAN’s push for stronger ties between Nigerian and foreign loss adjusters. By fostering international collaboration, the Institute aims to:
- Encourage knowledge exchange
- Introduce global best practices
- Strengthen industry development in Nigeria
This initiative could significantly improve how insurance claims are assessed and managed, especially in complex and high-risk sectors.
Call for Compliance & Institutional Support
Beyond collaboration, ILAN also urged NAICOM to enforce strict compliance with existing regulations across the insurance market. Ensuring that all operators adhere to statutory requirements, the Institute believes, will boost transparency and professionalism.
Additionally, ILAN appealed for support in securing a modern secretariat to enhance its administrative efficiency and better serve its members.
The Bigger Picture
With Nigeria’s insurance sector evolving rapidly, ILAN’s push for international collaboration and professional development signals a new era for loss adjusters in the country. If successfully implemented, these initiatives could elevate industry standards, improve claims management, and strengthen confidence in Nigeria’s insurance ecosystem.
