After five years in the limbo over stalled professional examination, the long awaited Institute of Loss Adjusters of Nigeria qualifying examinations which is to be conducted by the Chartered Insurance Institute of Nigeria has now been slated to hold in April, 2022.
The president, ILAN, Mr. Reginald Orakwue Egbuniwe, disclosed this to loss adjusters at its 39th annual general meeting held today at ILAN House Suru-Lere, Lagos. However, it was a different stroke on the issue of severe decline in the intake of new members; he said institute has been beleaguered with the issue of increasing membership and a source of concern. However, he is determined to solving the problem saying it “is a priority for this administration.”
But the news of the coming examination is hope defined for ILAN charging Egbuniwe to comment that the development is for all members who had hitherto been disenfranchised from pursuing a career in loss adjusting “will now be able to achieve their aims and realise their dreams.”
“The examination will be held at three levels, foundation level, intermediate level and associateship level. The first diet of the examination will be for student members who currently possess the AIIN or ACII qualifications, and wish to become qualified loss adjusters,” he stated.
He explained that with regard to other categories of members, modalities are underway to ensure that all members are accommodated. Besides, he said the membership of the examination committee has been increased to ensure adequate human capacity “to deliver in our role of setting questions and marking scripts.”
On declining membership, Egbuniwe said it was glaring that membership is skewed in age “with fewer younger members of the industry opting for a career in loss adjusting, while the older members are representative of an earlier generation who may or may not have put in place adequate succession planning to ensure continuity and growth.” Not set to yield Egbuniwe says, “there is a need to bridge this generational gap in our membership composition.”
ILAN he disclosed, is already addressing it by reconstituting the membership committee to be more representative and customer focused, adding that the new diverse membership committee “can generate contemporary ideas that can attract new members.”