Business Journal


Buhari to Declare Open National Insurance Conference


President Muhammadu Buhari will declare open the 2016 National Insurance Conference set for July 10-13 at Transcorp Hilton Hotel, Abuja under the auspices of the Insurance Industry Consultative Council [IICC].

The Theme is: ‘Expanding National Resources & Infrastructure in Challenging Times.’

Mrs. Yetunde ILori, Chairperson, 2016 National Insurance Planning Committee, said the conference will build on the huge success of the maiden event last year, to create an avenue for bonding with various arms of the insurance industry in Nigeria, as well as interact with stakeholders on opportunities and challenges of the market.

llori said the theme of the mega conference reflects the current priority position of the government and more importantly, a desire by operators in the insurance industry to fully complement the efforts of the government for sustainable socio-economic growth of the country.

“The insurance industry is ready to key into various infrastructure projects of the Federal Government, and we need to hear from various stakeholders and make them aware that the industry is ready to partner the government on its development strides.”

She said the organisers deliberately invited professionals from various sectors of the economy as speakers at the conference to broaden the scope of the discussion for deeper penetration of insurance awareness in Nigeria and expanded industry contribution to Gross Domestic Product [GDP].

Some of the confirmed speakers for the mega conference include Mr. Babatunde Raji Fashola, Minister of Power, Works & Housing; Mrs. Kemi Adeosun, Minister of Finance; Mr. Audu Ogbeh, Minister of Agriculture; Mr. Godwin Emefiele, Governor, Central Bank of Nigeria [CBN]; Mr. Ibrahim Idris, Inspector-General of Police, Mr. Mohammed Kari, Commissioner for Insurance, National Insurance Commission [NAICOM] and a host of private sector professionals.

ILori explained that the objective of setting up the IICC is to fast-track collaboration with various arms of the insurance industry, to enable the industry to speak with one voice. It is also a medium for dialogue and a clearing house for vital industry issues.

She commended the support of the media in growth insurance business and awareness in Nigeria.

“I must commend the media for the partnership to take the insurance industry forward. We fully appreciate the support of the media for the success of the event in 2015 and look forward to better result in 2016.”

The IICC is made of critical segments of the industry such as Chartered Insurance Institute of Nigeria [CIIN]; Nigeria Insurers Association [NIA], Nigerian Council of Registered Insurance Brokers [NCRIB]; Institute of Loss Adjusters of Nigeria [ILAN] etc.
It is also supported by the National Insurance Commission [NAICOM}.

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