Yemisi Izuora
The Insurance Industry Consultative Council (IICC) has announced plan to hold the maiden Insurance Industry Mega Conference.
Unveiling the plan in Lagos today, chairman of IICC Bola Temowo said the conference was initiated to discuss issues that has stalled growth of the sector on one hand, the financial services sector and the national economy in general.
Temowo observed that the insurance industry being critical stakeholder in the achievement of financial inclusion in the economy, it has become imperative to bring together all arms of the industry to achieve the required insurance penetration for higher percentage of financial inclusion in the country.
The theme of the conference “Developing Insurance Business For National Growth” to the chairman was informed by the need to upscale the capacity of the industry for effective performance and improved contribution to the growth of the Gross Domestic Product (GDP).
“The focus of the conference will therefore be on the vital steps the insurance industry must take in the development of the business of insurance with the objective of having a major impact in the growth of the nations economy” he explained.
Chairperson of the organising committee of the conference Mrs. Funmi Babington-Ashaye said outcome of the conference would be conveyed to the government via a communique.
Ashaye expressed confidence that the conference would bring about the desired change and suggestions required to propel the industry.