Insurers committee holds first annual retreat

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Chuks Udo Okonta

The Insurers Committee under the leadership of National Insurance Commission (NAICOM) in line with efforts to chart way forward for Nigerian Insurance Industry, has scheduled to hold her 1st Annual Insurers’ Committee Retreat at the Park Inn by Radisson Hotel Abeokuta, Ogun state from Thursday 16th to Sunday 19th February, 2017.

A statement by the Head, Corporate Affairs NAICOM, Rasaaq Salami, says the theme for the retreat is: “Growing the Insurance Industry through Innovation and Healthy Competition”

He noted that His Excellency, Senator Ibikunle Amosun, the Executive Governor of Ogun State will deliver the keynote address while the Honorable Minister of Finance Mrs. Kemi Adeosun will be the Chief Host.

Speakers at the event according to him, include Mrs. Bisi Lamikanra of KPMG; Chidima Lawanson, CEO of EFInA; Rotimi Okpaise, Managing Consultant, HR Nig. Ltd and Dr. Phil Osagie of JSP Communication.

The Nigeria Insurers Association (NIA), he said is expected to deliver a paper from the perspective of the underwriting firms on “Developing the Nigerian Insurance Industry 2017 – 2020; Issues, Concerns and Recommended Agenda.”

The “NAICOM’s Regulatory Agenda 2017 – 2020; Issues, Concerns and Strategic Intent” will also be shared by the Commission at the retreat, he said.

Salami said: “It is imperative to state that the retreat will provide amongst others, an avenue to review the activities of the Committee for the period 2016 and plan for the year 2017; an avenue to discuss ways to reposition the Insurance industry for significant contribution to the Nigeria Economy and also to discuss extensively on issues affecting the industry such as Risk Based Supervision, Compulsory Insurance, Bancassurance, Annuity and New Channel for Insurance Distribution amongst other things,” he added.

He said the two day event would be rounded off with the first meeting of the Insurers Committee for 2017 to deliberate on the outcome of the retreat.

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