Amaka Obiefuna
The National Insurance Commission, NAICOM is to encourage exchange of ideas among insurance practitioners in the country in other to boost insurance penetration in Nigeria.

To ensure this, the agency will be arranging a multi-sector meeting at the annual retreat which will focus on discussing innovation and healthy competition that will put insurance industry on the path of growth.

Rasaaq Salami, NAICOM’s Head, Corporate Affairs, revealed that Governor of Ogun state, is to deliver a keynote lecture. He also said Mrs. Kemi Adeosun, the Minister of Finance will be the chief host, other speakers at the event 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 NIA, Nigeria Insurers Association will also be delivering 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.
The gathering will be an avenue to discuss ways to reposition insurance industry for significant contribution to the Nigerian economy, the statement added.
While insurance operators and regulator are to discuss extensively on issues affecting the industry such as Risk Based Supervision, Compulsory Insurance, Bancassurance, Annuity and New Channel for Insurance Distribution, among others, the two-day event would be rounded off with the first meeting of the Insurers Committee for 2017 to deliberate on the outcome of meeting.