This an institution that aims to provide and maintain a central organisation for the promotion of efficiency, progress and general development of persons employed in Insurance business, with a view to rendering the conduct of such business more effective.

To qualify to enter for the examinations, candidates must have passed the West African School Certificate or GCE Ordinary level examinations with credits in 4 subjects including English Language and Mathematics at not more than two sittings.

Holders of Higher National Diploma, other professional qualifications and University degrees from Institutions recognized by the institute may be granted exemptions from some subjects as approved by the Governing Council.