NAICOM: US Institute Seeks Partnership on Training

The Managing Director and Chief Executive Officer, New York Institute of Finance, United States, Patrick Fitzgerald, says the organization is seeking collaboration with the National Insurance Commission in the areas of training and manpower development.

Mr. Fitzgerald noted that the commission would benefit immensely from the institute’s hands-on/practical approach to learning because participants at the institute’s training programmes came from diverse backgrounds; it gives them the opportunity of creating cross-border relationships and contacts that were in most cases mutually beneficial to them and their respective organisations. Students of the institute turn out better informed, educated and connected at the end of each programme.

 He said the importance of insurance was growing at a great speed across the globe and thought Nigerians could take advantage of the institute’s programmes to remain at the same level with their contemporaries in other jurisdictions. He said this when he and the Registrar of the Institute, Currie Marcia, as well as the immediate past President, Chartered Institute of Stockbrokers, Nigeria, Mike Itegboje, paid a working visit to NAICOM in Abuja.

The Deputy Commissioner, Finance and Administration, NAICOM, Mr. George Onekhena, while welcoming the team, said the commission was committed to the training and development of its manpower as it was key to effective supervision of the insurance industry and enthronement of international best practices. The commission was pleased to hear that the institute was focusing on Africa and gave the assurance that NAICOM was ready to collaborate with it.