The Institute of Loss Adjusters of Nigeria has called for deeper collaboration between Nigerian loss adjusters and their international counterparts, emphasizing that global partnerships are key to advancing expertise and strengthening the country’s insurance sector.
The institute said enhanced cross-border cooperation would facilitate knowledge transfer, promote the adoption of international best practices, and expose Nigerian professionals to emerging technologies in claims investigation and risk assessment. According to ILAN, such engagement is essential to building a more resilient and globally competitive loss adjusting profession capable of meeting the evolving demands of Nigeria’s insurance industry.
The call was made during a courtesy visit by ILAN leadership, led by its President, Ikechukwu Udobi, to the Commissioner for Insurance, Olusegun Ayo Omosehin, at the National Insurance Commission.
ILAN also advocated expanded training and continuous capacity-building initiatives, particularly in specialized fields such as energy, oil and gas, and complex risk management. The institute stressed that improved compliance with industry standards is necessary to elevate the practice of loss adjusting in Nigeria to global benchmarks.
Udobi expressed appreciation to NAICOM for the recent revision of the Loss Adjusters’ Scale of Fees, describing it as a significant milestone in revitalizing the profession after years of stagnation. He further urged the Commission to enforce strict adherence to existing laws and regulatory guidelines among market operators.
In response, Omosehin reaffirmed NAICOM’s commitment to supporting all segments of the insurance industry as part of ongoing reform efforts. He underscored the importance of professionalism and ethical conduct, noting that loss adjusters serve as a critical link between policyholders and insurers.
He also highlighted the need for strict compliance with the Code of Conduct and Professional Ethics for Loss Adjusters to enhance credibility and improve service delivery across the industry.
