Friday, August 1, 2025
24.6 C
Lagos

Nigeria Hosts WAICA 50th Anniversary as Efekoha Assumes Office as President

The Nigerian Insurance market is set to host the 50th anniversary of the West African Insurance Companies Association (WAICA), with an elaborate ceremony which will include awards to past presidents and others who have contributed to the growth of the sub-regional body over the years.

Chairman of the Local Organising Committee and Deputy Chairman of the Nigerian Insurers Association (NIA), Mrs. Bola Odukale who disclosed this also stated that the highpoint of the three- day conference will be the assumption of office of Mr. Eddie Efekoha, past Chairman of the Nigerian Insurers Association and Group Managing Director of Consolidated Hallmark Insurance Plc as President of WAICA for the next one year.

In the programme of the conference released by the LOC chairman, the Honourable Minister of Finance, Budget and National Planning, Dr. Mrs. Zainab Shamsuna Ahmed will declare the conference open while the Group Managing Director of Africa Reinsurance Corporation, Mr. Corneille Karekezi will chair the first session which will feature the paper on: International Rating Agencies and their impact on the operations of Insurance companies.

The paper will be presented by Mr. Tim Prince, Director of Analytics, A.M. Best, a U.K. based rating agency. The second paper on: “Creating Value, Finding Focus: The Fulcrum of International Rating on Insurance Business” will be presented by Mr. Ganiyu Musa, Group Managing Director and Chief Executive Officer, Cornerstone Insurance Plc. Musa is the immediate past chairman of the Nigerian Insurers Association (NIA).

The second day of the conference will start with the paper on: “Positioning Insurance companies in West Africa for Transnational Competitiveness: The Likely Pitfalls” and this will be presented by Madame Jackie Benyi, Managing Director/CEO, Enterprise Life, Ghana while Mr. Daniel Sackey, Regional Executive, Anglophone West Africa, Ecobank Group, Accra, Ghana will present another paper on the same topic but from the banking perspective. This session will be chaired by the Commissioner for Insurance, Sierra Leone, Mr. Arthur Yaskey.

“The fact that Nigeria is hosting this year’s 50th anniversary and Education Conference is yet another opportunity for Nigeria to showcase her hospitality.  It gives us a unique opportunity to showcase Nigeria’s rich cultural heritage”, Odukale stated.

“It is a vote of confidence on the Nigeria insurance market and it creates an opportunity for networking and exchange of business information”, she noted.

“I believe the Nigerian Insurance market stands to benefit from this event.  I also know that the delegates from other countries will have fond memories of their stay in Nigeria,” she enthused.

Odukale urged all the players in the Nigerian insurance market including underwriters, brokers, Loss Adjusters and Surveyors to see the conference as a unique opportunity to make a lasting impression about the Nigerian market.

The events of the day will round off with an open forum which will be chaired by the President of WAICA, Mr. George Mensah.

There will be an awards night where the past presidents from the five English-speaking West African countries and others who have supported WAICA since its inception would be honoured.

Speaking on the award, Odukale said that “our legend in the Nigerian Insurance market and a founding father of WAICA, Prof. J.O Irukwu, would be given an award at the 50th anniversary ceremony. It is good to celebrate him and others who have worked tirelessly to bring WAICA to the enviable position it now occupies.”

Other Nigerians listed for the award include Alhaji Mohammed Kari, Dr. F.K. Lawal, Sir Ogala Osoka, Mr. Joe Ameh and Alhaji Rotimi Fashola.

“The insurance regulators in WAICA member countries will also be recognised for their unflinching support to the body” she added.

WAICA is the Sub-Regional Association of Insurance Companies and Brokers in West Africa.

The Association provides a platform for sharing business information and cross-fertilisation of ideas. It also provides the platform for knowledge sharing and amongst members networking.

This year’s conference will take place from May 7-9, 2023 at Eko Hotels & Suites, Victoria Island, Lagos.

spot_img
spot_img

Hot this week

NCDMB Leads Push for Homegrown Talents at Chevron-funded HCD Graduation

The Nigerian Content Development and Monitoring Board has reaffirmed...

Linkage Assurance Reports 50% Revenue Growth in 2024

L-R: Funkazi Koroye-Crooks, Non-Executive Director; Moses Omoregbe, Company Secretary;...

Heirs Insurance Unveils Creators Fellowship, Partners with Influencers to Drive Insurance Literacy

L-R: Joseph Onaolapo (Jay On Air), Oluwadamilola Bello (Dammy B) As...

Two NCDMB Leaders Bag Doctorate Degrees at UNIPORT Convocation

Two senior officials of the Nigerian Content Development and...

Sovereign Trust Insurance Reports 109% Insurance Revenue Growth in 2024

Sovereign Trust Insurance Plc recently released its 2024 audited...

Topics

Afrinvest, FSDH, Others Place “Buy” on Fidelity Bank Stock

Highly-rated, independent investment advisory firms have picked Fidelity Bank...

FG Lauds Savannah Energy for Investment Drive in Nigeria

L-R: Managing Director, Savannah, Nigeria, Pade Durotoye; Honourable Minister...

Olam Partners MIT Solve for Sustainable Food Systems Solutions

      (L-R) Damilola Adeniyi, Corporate Affairs Manager, Olam Nigeria; Sharon...

Solaris, Knownow, Specxs Win N30m in NCC’s Talent Hunt

Three companies, out of 81 companies that contested at...

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.

Samsung Smartphone Shipments Return to Growth in Q3 2015

According to the latest research from Strategy Analytics, global smartphone shipments grew 10 percent annually to reach 354 million units in the third quarter of 2015. Samsung grew its smartphone shipments six percent and finally returned to positive growth for the first time in over a year. Linda Sui, Director at Strategy Analytics, said:

NLNG Operations Not Impacted by Explosion at Gbarain Ubie Gas Processing Plant

The Nigeria LNG Limited (NLNG) says it is aware of...

AfDB, ASEA Sign MoU to Develop Africa’s Capital Market

The African Development Bank (AfDB) and the African Securities...
spot_img

Related Articles

Popular Categories

spot_imgspot_img