NAIPCO insurance, pension confab berths Oct 25

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Chuks Udo Okonta

The National Association of Insurance and Pension Correspondents (NAIPCO) is set to hold its second edition of national conference to discuss burning issues in insurance and pension sectors, while proffering solutions to challenges facing the two industries.

The conference, billed to hold on 25th of October, 2017, at Lagos Oriental Hotels, 3, Lekki Road, Victoria Island in Lagos, will be a forum for insurance and pension stakeholders to discuss on legislation of the two sectors and its impacts on the people.

A statement from the Conference Organising Committee said: “The 3-in-1 event designed to discuss burning issues bothering on the two industries will also accommodate the launch of the association’s quarterly journal, NAIPCO Trumpet and Awards for deserving insurance and pension firms.”

One of themes of the conference, ‘Legislation of Pensions, Intrigues, Interest, Governance and the People’ seeks to establish the relationship between lawmaking for the people and the impact of legislation on a common man, while creating understanding of the current pension system as it affects the people.

The second theme, being ‘Insurance Legislation: Beyond Lawmaking’ is meant to reinforce the need for insurance legislation to be more of developmental in enforcement of compliance as stakeholders are expected to take positions on the proposed amendment of the Insurance Act 2003 at the event.

While the concerns of insurance consumers would be extensively discussed, the conference will also deliberate on the fate of insurance stocks on the floor of the Nigerian Stock Exchange (NSE) and why most of them remain penny stocks.
With credible individuals and companies expected to be awarded at the event, NAIPCO Trumpet will equally be launched.

Reacting on this development, the President, NAIPCO, Mrs. Omobola Tolu-Kusimo, said the motive behind organising the conference was to find a way of increasing insurance and pension awareness as well as developing the sectors by proffering solutions to challenges faced by the two critical sectors of the economy.

NAIPCO Journal, which would also be launched at the event, she added, is a pet project of the association aimed at increasing insurance and pension awareness, adoption and penetration in the country.

On the Award, she said, all insurance and pension stakeholders would be subjected to critical examination and screening by looking at their contributions to the respective sectors they operate in, while the outstanding ones would be awarded that day.

She urged stakeholders to support this initiative through moral and financial support to make the programme a huge success as this will go a long way to redesign the landscape of the two industries.

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