Institute of Loss Adjusters of Nigeria, Functions and Membership for SS 3

Class: SS 3
Term: First Term
Week: 8
Age: 16 years
Duration: 45 minutes
Subject: Insurance
Curriculum Theme: Insurance Institutions and Regulation
Previous Lesson: Meaning, Roles and Membership of NCRIB
Topic: (ILAN):-
Subject Matter: MEANING and establishment of ILAN; Functions of ILAN, how loss adjusters aid insurance claim settlement; Membership of ILAN; International institute of Loss; Adjusters (ILAN); National insurance commission(NAICOM)

Specific Objectives

By the end of the lesson, pupils/students should be able to:

Cognitive Domain

• Define the Institute of Loss Adjusters of Nigeria (ILAN).
• Explain the establishment of ILAN.
• State the functions of ILAN.
• Describe how loss adjusters aid insurance claim settlement.
• Identify the membership categories of ILAN.
• Explain the role of the International Institute of Loss Adjusters (IILA).
• Identify the role of the National Insurance Commission (NAICOM) in the industry.

Affective Domain

• Appreciate the importance of loss adjusters in ensuring fair insurance claims.
• Recognise the regulatory framework governing insurance professionals in Nigeria.

Psychomotor Domain

• Outline the steps a loss adjuster takes in settling a claim.
• Draw a simple organisational chart showing ILAN’s place within the insurance sector.

Reference Materials

The following resources were used in planning this lesson:

• 2025 Revised 9 Years Basic Education Curriculum
• Relevant State Unified Scheme of Work
• Essential Insurance for Senior Secondary Schools by A. O. Adebayo
• The HeadTeacher Scheme of work

Instructional Materials

The teacher will teach this lesson with the aid of:

• Whiteboard and markers
• Flip chart showing the functions of ILAN
• Textbooks on Insurance for Senior Secondary Schools
• Chart illustrating the process of insurance claim settlement

Rationale for the Lesson

This lesson is important for students to understand the critical role played by loss adjusters in the insurance value chain, particularly in ensuring fair and equitable claim settlements. It also introduces them to key professional bodies and regulatory authorities that govern the insurance sector in Nigeria and internationally, providing a holistic view of the industry’s operations.

Prerequisite/Previous Knowledge

Students should have a basic understanding of insurance concepts, types of insurance policies, and the general process of making an insurance claim.

Lesson Content/Board Summary

Institute of Loss Adjusters of Nigeria (ILAN): Functions and Membership

Meaning and Establishment of ILAN

The Institute of Loss Adjusters of Nigeria (ILAN) is the professional body for loss adjusters in Nigeria. It was established to regulate the practice of loss adjusting, promote professionalism, and ensure ethical conduct among its members.

1. Establishment: ILAN was established to provide a structured framework for loss adjusting professionals, ensuring they meet specific standards of competence and integrity. It serves as a forum for members to share knowledge, develop skills, and uphold the reputation of the profession.

Functions of ILAN and How Loss Adjusters Aid Claim Settlement

ILAN performs several key functions to regulate and advance the profession of loss adjusting. Loss adjusters play a crucial role in the settlement of insurance claims by providing independent assessment.

1. Regulation of Practice: ILAN sets standards for the practice of loss adjusting in Nigeria, ensuring that members adhere to professional ethics and best practices.
2. Training and Development: It organises training programmes, workshops, and seminars to enhance the knowledge and skills of its members.
3. Professional Certification: ILAN certifies qualified loss adjusters, granting them the authority to practice in Nigeria.
4. Discipline: It enforces disciplinary measures against members who violate the professional code of conduct.
5. Advocacy: ILAN advocates for the interests of loss adjusters and contributes to policy-making in the insurance industry.

How Loss Adjusters Aid Insurance Claim Settlement:

1. Independent Assessment: Loss adjusters are independent professionals appointed by insurers to investigate and assess the extent of loss or damage suffered by an insured party.
2. Verification of Claims: They verify the circumstances of the loss, ensuring it falls within the terms and conditions of the insurance policy.
3. Valuation of Loss: They determine the fair value of the loss, considering factors like depreciation, replacement cost, and policy limits.
4. Negotiation and Recommendation: Based on their findings, they negotiate with the insured and recommend a settlement amount to the insurer.
5. Expert Advice: Their expertise helps insurers make informed decisions and ensures that the insured receives a fair settlement, preventing disputes.

Membership of ILAN

Membership in ILAN is categorised based on qualifications, experience, and professional standing.

1. Fellow (FILAN): This is the highest grade of membership, usually for experienced members who have demonstrated significant contributions to the profession.
2. Associate (AILAN): Granted to qualified individuals who have met the educational and professional experience requirements set by the Institute.
3. Graduate: For individuals who have completed the prescribed professional examinations but may still be gaining practical experience.
4. Student: For individuals undergoing training or studying for the professional examinations of the Institute.

International Institute of Loss Adjusters (IILA)

The International Institute of Loss Adjusters (IILA) is a global body that promotes professional standards and ethics among loss adjusters worldwide. It fosters international cooperation and knowledge sharing among loss adjusting professionals across different countries.

1. Role: IILA provides a platform for networking, professional development, and the harmonisation of loss adjusting practices globally, ensuring high standards are maintained across borders.

National Insurance Commission (NAICOM)

The National Insurance Commission (NAICOM) is the primary regulatory body for the insurance industry in Nigeria.

1. Role: NAICOM is responsible for regulating, supervising, and monitoring the operations of insurance companies, brokers, and other insurance intermediaries, including loss adjusters, to ensure the protection of policyholders and the stability of the insurance market.
2. Relationship with ILAN: NAICOM works in collaboration with professional bodies like ILAN to ensure that loss adjusters operate within the legal and ethical framework established for the insurance sector.

Teaching Methods/Instructional Techniques

Discussion, Explanation, Question and Answer, Guided Practice, Group Work

Instructional Procedures

Step 1: Introduction

Time: 5 minutes

Teaching Skill: Activating prior knowledge

Teacher’s Activity: The teacher greets the students and reviews the previous lesson on “Insurance Claims”. The teacher then asks students what they think happens after a claim is reported to an insurance company and who assesses the damage.

Pupils’ Activity: Students respond to questions, recalling previous knowledge and sharing their ideas about claim assessment.

Learning Point: Link to claim assessment

Step 2: Meaning and Establishment of ILAN

Time: 8 minutes

Teaching Skill: Explanation/Definition

Teacher’s Activity: The teacher explains the meaning of the Institute of Loss Adjusters of Nigeria (ILAN) as a professional body and discusses the reasons for its establishment, emphasising its role in regulating the profession.

Pupils’ Activity: Students listen attentively, ask questions for clarification, and take initial notes.

Learning Point: ILAN meaning and establishment

Step 3: Functions of ILAN

Time: 7 minutes

Teaching Skill: Elucidation/Listing

Teacher’s Activity: The teacher lists and explains the various functions of ILAN, such as regulation, training, certification, and discipline, using the whiteboard or a chart.

Pupils’ Activity: Students copy the functions into their notebooks and participate in a brief discussion.

Learning Point: ILAN key functions

Step 4: How Loss Adjusters Aid Claim Settlement

Time: 7 minutes

Teaching Skill: Description/Illustration

Teacher’s Activity: The teacher describes in detail how loss adjusters assist in the settlement of insurance claims, highlighting their independence, verification process, valuation, and negotiation roles. The teacher may use a simple scenario as an example.

Pupils’ Activity: Students listen, ask questions about the claim settlement process, and relate it to real-life situations.

Learning Point: Loss adjusters’ claim role

Step 5: Membership of ILAN

Time: 6 minutes

Teaching Skill: Categorisation/Identification

Teacher’s Activity: The teacher explains the different categories of membership within ILAN (Fellow, Associate, Graduate, Student) and the requirements for each.

Pupils’ Activity: Students identify and note the different membership categories and their significance.

Learning Point: ILAN membership categories

Step 6: International Institute of Loss Adjusters (IILA) and NAICOM

Time: 5 minutes

Teaching Skill: Comparison/Contextualisation

Teacher’s Activity: The teacher introduces the International Institute of Loss Adjusters (IILA) and explains its global role. The teacher also explains the role of the National Insurance Commission (NAICOM) as the main regulator in Nigeria and its relationship with ILAN.

Pupils’ Activity: Students listen and understand the broader regulatory and professional landscape.

Learning Point: IILA and NAICOM roles

Step 7: Evaluation/Review

Time: 5 minutes

Teaching Skill: Questioning/Assessment

Teacher’s Activity: The teacher evaluates the learning by asking the following questions:

1. What is ILAN and why was it established?
2. Mention three functions of ILAN.
3. How does a loss adjuster aid in insurance claim settlement?
4. List two categories of ILAN membership.
5. What is the role of NAICOM in the insurance industry?

Pupils’ Activity: Pupils answer orally and in writing.

Learning Point: Understanding ILAN’s role

Step 8: Note-Taking

Time: 4 minutes

Teaching Skill: Guided Writing

Teacher’s Activity: The teacher guides pupils/students to copy the essential Board Summary notes on ILAN’s meaning, establishment, functions, membership, and the roles of IILA and NAICOM into their notebooks.

Pupils’ Activity: Pupils/students copy the notes carefully into their notebooks.

Learning Point: Recording lesson content

Step 9: Conclusion

Time: 3 minutes

Teaching Skill: Consolidation

Teacher’s Activity: The teacher summarises the key points of the lesson, reinforcing the importance of ILAN and loss adjusters in ensuring fairness and professionalism in the insurance industry. The teacher encourages students to continue reading on the topic.

Pupils’ Activity: Students listen and ask any final questions.

Learning Point: Lesson summary and reinforcement

Continuous Assessment/Further Study

Type: Homework

Instruction: Answer the following questions in your notebook:

1. In your own words, explain the primary objective for the establishment of the Institute of Loss Adjusters of Nigeria (ILAN).
2. Discuss two ways a qualified loss adjuster contributes to the efficient and fair settlement of an insurance claim.
3. Research and briefly explain the difference between a “loss adjuster” and a “loss assessor.”

Lesson Keywords

• ILAN – Institute of Loss Adjusters of Nigeria
• Loss Adjuster – An independent professional who assesses the extent of loss or damage for insurance claims
• Claim Settlement – The process of resolving an insurance claim by paying the insured for their loss
• IILA – International Institute of Loss Adjusters
• NAICOM – National Insurance Commission
• Membership Categories – Different levels of professional affiliation within ILAN

Differentiation

For weaker learners, the teacher will provide simplified explanations and focus on the core definitions and functions of ILAN. They will be encouraged to participate in group discussions. For faster learners, the teacher will provide additional research questions on the ethical challenges faced by loss adjusters or the impact of technology on loss adjusting practices.

Suggested Lesson Videos

For further understanding of loss adjusting and insurance regulation, search YouTube for:
role of loss adjusters in insurance nigeria SS3
NAICOM functions nigeria insurance SS3

Teacher Guide for Using This Lesson Plan

Before the lesson, ensure you have a clear understanding of ILAN’s history, its current functions, and the nuances of how loss adjusters operate in Nigeria. Prepare visual aids such as charts or diagrams illustrating the claim settlement process and the organisational structure of ILAN. During the lesson, engage students with real-life examples of insurance claims and how a loss adjuster’s report can influence the outcome. Emphasise the independence and professionalism required of loss adjusters. When students are copying notes in Step 8, circulate around the classroom to ensure accuracy and provide assistance. Pay attention to common misconceptions, such as confusing loss adjusters with insurance agents or brokers. Encourage questions throughout the lesson to check for understanding and clarify any ambiguities. For faster learners, you may ask them to consider the legal implications of a loss adjuster’s report.