ILAN

Profile

 PROFILE OF INSTITUTE OF LOSS ADJUSTERS OF NIGERIA (ILAN)

The Institute of loss adjusters of Nigeria is a Corporate body and one of the three major arms of the Insurance Industry in Nigeria. Its members provide the necessary technical services to the insurance market in the areas of claim investigations and settlement, as well as pre-insurance risk surveys and valuations arising from all aspects of Insurance business as may be deemed necessary by the underwriters to demonstrate to the Insured and other interested parties that they have acted in accordance with the insurance contract (policy) conditions.

ILAN was founded in June 1981 because of the need to give the required professional training and to have a unified code of conduct for its members. Membership are of two categories. The first is the association of all Corporate loss adjusting firms in Nigeria that have been duly registered by National Insurance Commission. These are corporate members of the Institute. The second class of membership of the Institute of Loss Adjusters of Nigeria is divided into five categories – Life, Fellows, associates, Licentiates and Student Members. Today, the Institute has thirteen Fellows, thirty-one Associates, Seventy-two Students and Thirty-three Corporate Members.

ILAN’s registered aims and objectives are:

(i)                 To established and sustain a professional body of practicing Loss Adjusters in Nigeria

(ii)                To engage in activities that will ensure the general welfare and public well-being of Loss Adjusters in Nigeria.

(iii)              In particular (but without limiting the scope of the foregoing) to take necessary actions for the advancement of education in the field of Loss Adjusting.

(iv)              The aims objectives shall be pursued:

(a)                By establishing and maintaining institutions, libraries, schools and recreation centres for

the succour, assistance or education of its members, and the public in Nigeria of Loss Adjusters

(b)                By applying the funds of the Institute in the purchase of property or other interests and the establishment or projects, the proceeds of which shall be appropriated wholly and entirely for the development of Loss Adjusting profession in Nigeria.

The current President of the Institute is Mr. Sammy A. I. Sotomi, the Vice-President is Mr. Darlington Mgbojekwe and the Registrar is Mr. Ralph N. Opara both of them are members of the Governing Council. The Institute’s Secretariat is at No. 2 Fagbile Street, (Opposite AFRIBANK) Ojuelegba, Surulere, Lagos State.

The contributions of ILAN to the Insurance Industry in Nigeria have been so remarkable that it has greatly improved the public image of Insurers, as the Adjusters continue to enlighten the public on the limitations of their polices at the times of claim settlement and to give them further advices for better policy cover, thereby reducing the number of Insurance litigations arising from Claim disputes in the country.

ILAN examinations are held one a year in October alongside the Chartered Insurance Institute of Nigeria examination nation-wide. The current examination structure is as follows:

Compulsory core papers (exemption may be granted for C1 and C2 to ACII)

C1        -            The principles of Insurance

C2        -            Application of the principle of Insurance to claims

C3        -            Adjustment of claims.

Report writing papers (one paper to be selected)

R1        -            Properly Claims

R2        -            Building Claims

R3        -            Business Interruption Claims

R4        -            Theft Claims

R5        -            Public Liability and Product Liability Claims

R6        -            contractors All Risks (Material Damage) Claims

Specialist papers (one paper to be selected)

S1        -            Building claims

S2        -            Business Interruption Claims

S3        -            Theft Liability Claims

S4        -            Public Liability and Product Liability

S5        -            Contractors All Risks (material Damage) claims

S6        -            Marine and Aviation claims

The examination is open to all persons in Loss Adjusting Profession as well as persons involved in claims administration  in the other arms of insurance. It is a post-qualification examination and so the entry requirement is possession of associateship diploma of the Chartered Insurance Institute of Nigeria (or London), or possession of a first degree or equivalent in some approved courses, especially in other professional disciplines.