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Business

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Capital Market

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Insurance

AIICO 2026 Agency Retreat Honours Outstanding Sales Champions

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Business

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Insurance

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NAICOM, PenCom, Sanlam, NEM, Africa Re, AIICO Back NAIPE’s 2024 Annual Conference

As preparations for the 2024 annual national conference of the Nigerian Association of Insurance and Pension Editors (NAIPE) gathers momentum, the National Insurance Commission (NAICOM), National Pension Commission (PenCom), Sanlam Nigeria, NEM Insurance, Africa Reinsurance Corporation, as well as AIICO Insurance have all thrown their weight behind the event.

Other sponsors of the conference are KBL Insurance, Pension Fund Operators Association of Nigeria (PenOp), Nigerian Insurers Association (NIA), Alliance and General Insurance, Leadway Assurance, Chartered Insurance Institute of Nigeria (CIIN), Access Pensions, Sovereign Trust Insurance, Linkage Assurance, Nigerian Council of Registered Insurance Brokers, as well as Premium Pensions.

This year’s national conference which is 9th in the series will take place on October 8, 2024, at the Oriental Hotel, Lekki-Ajah Expressway, Victoria Island, Lagos, by 9 am.

The theme of the Conference “Towards a $1 Trillion Economy: Roles of Insurance and Pension Sectors,” will be delivered by the Managing Director/Chief Economist, Analysts Data Services and Resources, Dr. Afolabi Olowookere.

The former Commissioner for Insurance/CEO, National Insurance Commission (NAICOM), who is also former Managing Director/CEO, FBS Reinsurance Limited, Mr. Fola Daniel, will chair the conference.

The panelists include Mr. Tunde Mimiko, Managing Director/CEO, Sanlam Life Insurance Limited; Mr Adeyemi Mayadenu, Executive Director, Technical, NEM Insurance Plc (General); Mr. Wale Okunrinboye, Chief Investment Officer, Access Pensions; Mr. Oluseye Olusoga, Managing Director/CEO, Parthian Partners Limited and Mr. Oguche Agudah, CEO, Pension Fund Operators Association of Nigeria (PenOp).

Special Guests of Honour for the Conference are Commissioner for Insurance/CEO, NAICOM, Mr. Olusegun Omosehin and Acting Director-General of the National Pension Commission (PenCom), Mrs. Omolola Bridget Oloworaran.

The event will bring together stakeholders in the insurance and pension sectors to discuss the importance of the sectors’ contribution to the $1 Trillion Economy projected by the present administration for achievement by 2026.

Commenting on the theme of the conference, NAIPE Chairperson, Mrs. Nkechi Naeche-Esezobor, said the theme of the conference was carefully chosen to draw the attention of the operators of the two sectors to the realities on the ground, especially regarding what they need to do to remain relevant in the unfolding economic situation in Nigeria.

Esezobor noted that not less than 250 stakeholders from the insurance, pension, finance, organised private sector and trade Unions and Associations would attend the conference.

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JUMIA Seeks Better Infrastructure for e-Commerce in Africa

Francis Dufay, the Managing Director of JUMIA Côte d’Ivoire has called for better infrastructure to foster rapid and sustainable growth of the e-commerce sector in Africa. He said Côte d’Ivoire "has the basics of the different types of infrastructure" needed for e-commerce and "the challenge remains to improve each of these elements." E-commerce is based on four key infrastructures: Internet, logistics, payment and the legal framework. Although JUMIA managed to transcend the limitations inherent to each type of infrastructure, allowing it to route some 2,000 parcels daily, several points would benefit from qualitative evolutions; including: Logistics with a need for; better roads, 3PL offering the highest quality of service at competitive prices and a more comprehensive addressing system. Payment; where the widespread adoption of cashless payment methods such as mobile money for which JUMIA enjoys the expert support of MTN, should be encouraged. The regulatory and organisational framework could benefit from more education for stakeholders for a better understanding of contractual implications. And internet, whose penetration estimated at 8 million people in Côte d'Ivoire, remains curtailed.

Heirs Life Assurance Wins ‘Agency Company of the Year’ Award by CIFM

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