College of Insurance and Financial Management

What College of Insurance and Financial Management does

The College of Insurance and Financial Management (CIFM) is a private educational institution headquartered on the Lagos-Ibadan Expressway in Asese Village, Ogun State, Nigeria. Established by the Governing Council of the Chartered Insurance Institute of Nigeria (CIIN) via resolution in November 2016, CIFM operates under a statutory mandate derived from the CIIN Charter of 2013 to determine the knowledge and skill requirements of Nigerian insurance professionals. The institution began operations in 2010 under the CIIN Training Directorate before moving to its own campus in January 2015 under pioneer Rector Dr Yeside Oyetayo, formerly Head of the Department of Insurance at Lagos State University.

CIFM's product portfolio consists of two program categories: Diploma Courses covering Underwriting & Claims Techniques, Financial & Regulatory Compliance, and Strategic Risk Management; and Special Courses covering Leadership in Financial Services, Data Analytics for Risk Management, and Emerging Trends in Insurance. Programs are delivered through in-person classroom instruction at the Ogun State campus as well as online and hybrid formats, targeting working professionals in the Nigerian insurance industry. The institution holds accreditation from NAICOM, CIIN, and NCRIB, and reports partnerships with 20+ industry leaders. Since inception it has trained over 100 professionals in the insurance industry.

CIFM generates revenue through tuition and fees for its diploma and special courses, with pricing not publicly disclosed; prospective students are directed to contact the institution directly. The institution is a controlled entity of CIIN rather than an independent commercial enterprise, with no external investors or funding rounds disclosed. Headcount sits in the 11–50 range, marketing is conducted primarily through the institutional website (cifmng.com), and CIFM achieved NDPR Audit Compliance certification in 2024.

Name

College of Insurance and Financial Management

Legal name

College of Insurance and Financial Management

Website

https://cifmng.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

College of Insurance and Financial Management (CIFM) is a Nigerian private educational institution, established by the CIIN, that delivers diploma and short-term professional courses in insurance and financial management to industry professionals in Nigeria through campus, online, and hybrid formats.

Ownership category

akta.pro rank

Product category

Professional Education

NAICS

Colleges, Universities, and Professional Schools (6113)

akta.pro industry

PRIMARYEDABALAQ

Insurance

Education/Corporate Training & Professional Development/Industry-Specific Professional Training (e.g., Healthcare, Manufacturing, Construction)

SECONDARYEDAAALAJ

Financial Services & Insurance (FINRA, CFP, IAR, Insurance CE)

Education/Adult & Continuing Education/Professional Licensure & Continuing Professional Education (CE/CPE)

SECONDARYEDABAJAJ

Insurance Finance & Risk (Actuarial, Claims, Solvency)

Education/Corporate Training & Professional Development/Finance, Accounting & Risk Training

Keywords

• Insurance professional education
• Financial management training
• Diploma programs
• Risk management courses
• Professional development

Headquarters

HQ city

Abeokuta

HQ country

Nigeria

HQ region

Africa

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Educational Program Tuition and Fees: The institution generates revenue through tuition and fees for its professional development programs, diploma courses, and special short-term courses in insurance and financial management.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

The College of Insurance and Financial Management (CIFM) is an educational institution that delivers professional development programs in insurance and financial management. Its portfolio consists of Diploma Courses (in-depth programs on Underwriting & Claims Techniques, Financial & Regulatory Compliance, and Strategic Risk Management) and Special Courses (short-term training covering Leadership in Financial Services, Data Analytics for Risk Management, and Emerging Trends in Insurance), delivered through campus-based, online, and hybrid formats.

Product overview

The College of Insurance and Financial Management (CIFM) is an educational institution offering professional development programs in insurance and financial management. Its portfolio consists of two main program categories: Special Courses (short-term, flexible courses covering Leadership in Financial Services, Data Analytics for Risk Management, and Emerging Trends in Insurance) and Diploma Courses (in-depth programs on Underwriting & Claims Techniques, Financial & Regulatory Compliance, and Strategic Risk Management). These programs are delivered through online and hybrid formats and are designed for professionals seeking to advance their careers in the Nigerian insurance industry.

Differentiator

Problem solved

Functional benefit

Products and services

• Diploma Courses

Quantifiable outcome

• Over 100 professionals trained since inception

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Others

• Institute of Risk Management (IRM): IRM is a UK-based professional body offering risk management qualifications internationally. Comparable as an adjacent certifying body whose curriculum (Strategic Risk Management) overlaps directly with CIFM's course offerings, and a competitor for advanced risk credentials.
• Chartered Institute for Securities & Investment (CISI): CISI is a UK-based professional body offering financial services certifications globally, including in Nigeria. Comparable as an adjacent professional certification body whose qualifications CIFM graduates may pursue, and a potential competitor for advanced credentials.
• African Insurance Organisation (AIO): AIO is the continental industry body coordinating African insurance markets and professional development initiatives. Comparable as an ecosystem-level insurance professionalization counterpart and potential channel partner for CIFM's West Africa expansion.

Direct peers

• National Insurance Academy (India): National Insurance Academy in Pune is an insurance and risk management professional training institution established by the Indian insurance industry. Comparable to CIFM as a specialized insurance professional college serving a national market with diploma, certification, and executive programs.
• Frankfurt School of Finance & Management: Frankfurt School offers professional and executive education programs in finance, risk, and insurance through in-person, online, and hybrid delivery. Comparable to CIFM in being a specialized professional training institution with finance and risk curricula targeting working professionals.

Broad incumbents

• Chartered Insurance Institute (CII): The UK's Chartered Insurance Institute is the global benchmark professional body for insurance education and qualifications. Comparable to CIFM in mandate (insurance professional training) but vastly larger in scale and geographic reach, serving as the international standard CIFM aligns with.
• Lagos Business School (Pan-Atlantic University): Lagos Business School is a Nigeria-based executive education and MBA provider with finance and risk management programs. Comparable as a domestic professional education competitor targeting the same Nigerian working-professional segment, but with a broader business school mandate.

Regional players

• Insurance Institute of South Africa (IISA): IISA provides insurance education, training, and professional designations across South Africa and the broader African region. Direct comparable in mandate and regional scope, serving as the dominant insurance training body in Southern Africa.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/cifmng
• Facebookfacebook.com/collegeofinsurancenigeria

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about College of Insurance and Financial Management