Tuesday, July 15, 2025
24.3 C
Lagos

Osinbajo to Open 2018 National Insurance Conference July 9

Professor Yemi Osinbajo, Vice-President, Federal Republic of Nigeria is expected to declare the 2018 National Insurance Conference open on Monday, July 9 at Transcorp Hilton Hotel, Abuja.

The theme of the conference is: Insurance Industry and Financial Inclusion.

Alhaji Femi Hassan, Chairman, Planning Committee of the National Insurance Conference (NIC) said the 2018 Conference is being organised to further underscore the commitment of the Nigerian insurance industry to continually upscale the knowledge of insurance operators, other professionals in the financial services sector as well as other stakeholders about contemporary dynamics in the economic development of the country.  He added that the Conference would also highlight the enabling roles of the insurance industry in achieving financial inclusion and by so doing, accelerate its contributions to Nigeria’s Gross Domestic Product (GDP).

L-R: Davis Iyasere of NIA; Uju Ndubuisi Chukwu, Deputy Director General, Chartered Insurance Institute of Nigeria (CIIN); Richard Borokini, Director-General, CIIN/member, 2018 National Insurance Conference Committee; Femi Hassan, Chairman of Committee; Muftau Oyegunle, member; Ekeoma Ezeibe, member, and Mr. Rotimi Edumni, during a press briefing on forth coming National Insurance Conference yesterday in Lagos.

Hassan said: “The fact that access to financial services is concentrated in urban areas has limited the people from the rural areas from contributing maximally to growth and development of the nation’s economy. It is therefore instructive to state that the theme of this year’s Conference: INSURANCE INDUSTRY AND FINANCIAL INCLUSION is quite apt, in view of the policy direction of government towards including all segments of the society within the financial safety net. As at 2012, according to a survey by the Enhancing Financial Innovation and Access (EFInA), about 39.7% or 34.9 million adult Nigerians were excluded from financial services. While various innovative services have disrupted the financial world by including more participants in the money sector, there is still an untapped portion of the world population that remains unbanked or under-banked, uninsured or under-insured.

It is noteworthy that the selection of the Conference theme is fitting into the Insurance Industry Consultative Council’s plans in deepening reforms, completing and implementing pending initiatives, engaging with the public and validating completed reforms that would kick off medium term reforms.”

This edition of the conference is the fourth in the series to be held since its conception by the Insurance Industry Consultative Council (IICC) which is the umbrella organisation for all insurance institutions in Nigeria.

It is made up of the regulatory body for all insurance practice in Nigeria, National Insurance Commission (NAICOM); The professional body for insurance practitioners, Chartered Insurance Institute of Nigeria (CIIN); The three trade associations: for underwriters, Nigerian Insurers Association (NIA); brokers, Nigerian Council of Registered Insurance Brokers (NCRIB); and loss adjusters, Institute of Loss Adjusters of Nigeria (ILAN).

The IICC which was inaugurated on the 13th of August 2013 has been the unifying voice and point of reference for everything insurance in Nigeria.

The National Insurance Conference is one of those established channels aimed at fostering intellectual and professional development of insurance practitioners and further creating a platform for networking and exchange of ideas between industry operators and critical stakeholders in the nation’s economy.

spot_img
spot_img
spot_img

Hot this week

NAICOM, Insurance Industry Mourn Buhari

It is with profound sadness that we received the...

Polaris Bank Partners Woodhall Capital, UK, Lagos State in ₦1.5bn Creative Economy Fund

L-R- Abimbola Ozomah, Executive Director, Polaris Bank; Mojisola Hunponu-Wusu,...

Heirs Insurance Group Reports N61bn GWP in 2024, an Increase of 70%

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Stanbic IBTC Holdings Meets CBN’s N200bn Recapitalisation Policy

In a landmark achievement that highlights the steadfast confidence...

SanlamAllianz Partners NCRIB on 2025 Empowerment Series

Dr. Abosede Adegbite, Consultant, Family Physician; Tope Adaramola, Executive...

Topics

Deloitte Named Best Company to Work for in Nigeria 2015

Akintola Williams Deloitte has been named the Best Company to Work for in Nigeria by the prestigious Great Place to Work Institute Nigeria. Deloitte won awards in two different categories: • Best Company to Work for in Nigeria (2015): 1st Position in the category of “Large Population” • Best Practice Awards in Nigeria (2015): in the category of “Delivering Excellence in Learning & Development” Over 100 companies in Nigeria including major multinationals, oil & gas companies and major financial institutions participated in the assessment.

Crown Flour Mill’s ‘Seeds for the Future’ Programme Achieves 1st-Year Target

Crown Flour Mill (CFM) Limited, the wheat milling subsidiary...

NLNG: No Flood Impact on Operations Nationwide

The attention of Nigeria LNG Limited (NLNG) has been...

THE WINNERS of 2024 ALMOND INSURANCE INDUSTRY AWARDS

GENERAL INSURANCE COMPANY OF THE YEAR Leadway Assurance Company Limited LIFE...

Danbatta Applauds Media Role in Nigeria’s Telecoms Development

L-R: Grace Ojougboh, Head, Online Media & Special Publications,...

World Bank Selects Davis Malpass as 13th President

The World Bank has announced the unanimous selection of...

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.

Remita Partners MTN’s Yello Digital Financial Services to Deepen Financial Inclusion

Remita, a leading Africa-focused fintech brand, has partnered with...
spot_img

Related Articles

Popular Categories

spot_imgspot_img