Experts Review Business Opportunities In Nigeria’s Insurance Industry

Experts peep into 2020, seek opportunities for insurers in economy -  Businessday NG

Yemisi Izuora

Insurance industry players in Nigeria on Tuesday reviewed and assessed challenges and business opportunities that abound in Nigeria which the industry could knit into its operations to achieve expected growth.

The maiden edition of the Insurance Industry parley in Lagos, provided opportunity for the President and Chairman in Council of the Chartered Insurance Institute of Nigeria, CIIN, Sir. Muftau Oyegunle, to challenge practitioners to share experience and ensure they garnered practical knowledge to take back to their respective companies and organisations.

Oyegunle, noted in his welcome remarks that Institute’s Maiden Edition of the ‘Insurance Industry Parley’ is a new and free programme of the CIIN focused on giving back to its members and the insurance community in general.

The objective of the programme according to him, among other things is to bring all stakeholders from the different arms of the insurance industry together, to discuss the business environment and how it affects the operations of the sector as well as charting the way forward for insurance to thrive in the country.

The theme of this maiden edition which is ‘Sustainable Insurance – Issues and Trends’, is indeed very apt and strategic considering the era we are in, noted the President who also added that with this theme, “We assure you the engagement and interactions of all stakeholders here present will be in an enlightening and forward-looking approach.”

He said, “Also, all discussions and presentations that will be delivered today are all targeted at identifying, assessing, managing and monitoring risks and opportunities associated with environmental, socio-economic and governance issues and how they impact the insurance industry to the end that we have a sustainable industry.”

He appreciated erudite speakers who have been carefully selected from the various arms of the industry to discuss on the different perspectives of the theme.

In particular he saluted the Chairman of the session, Mr. Segun Omosehin, the Managing Director of Old Mutual Nigeria Life Insurance Company Limited, the representative of the NAICOM R3LAB, Mr. Aribike who will be taking us on the Technical perspective, Mrs. Rasheedat Adebisi, who will be presenting on the Insurer’s perspective, Alhaji Saheed Egbeyemi, who is speaking on the Broker’s perspective, Mr. Ralph Opara, speaking on the Loss Adjuster’s perspective and Dr. (Mrs.) Yeside Oyetayo, covering the Academic Community perspective. Thank you so much for honouring our invitations to speak at this event, adding, “I am confident that you all will do justice to your presentations.”

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