The objectives of the Institute is to establish and sustain a professional body of practicing Loss Adjusters in Nigeria; to engage in activities that will ensure the general welfare and public well being of Insurance Loss Adjusters and to take necessary actions for the advancement of education in the field of loss adjusting in Nigeria. The objectives shall be pursued:

By establishing and maintaining institutions, libraries, schools, and recreation centres for the succour, assistance or education of its members, and the public in Nigeria in Loss Adjusting.

By applying the Funds of the Institute in the purchase of proprietary or other interests and the establishment of projects the proceeds of which shall be appropriated wholly and entirely for charitable purposes and public well being of Loss Adjusters in Nigeria.