Yemisi Izuora
Risk Managers Society of Nigeria (RIMSON) has stressed the need to incorporate and integrate the role of risk managers in governments economic recovery strategies to help achieve the desired results
President of RIMSON, Jacob Adeosun, who made the call during their meeting with the Commissioner for Insurance, Mohammed Kari, explained that government requires risk management initiatives to prioritize and drive new investments and projects to unlock untapped resources and opportunities in addition to preventing avoidable waste of scarce resources and national wealth.
Adeosun said RIMSON is determined to expand the frontiers of risk management practice within the public and private sectors in Nigeria, adding that more organs of government agencies and the professionals therein need to embrace the risk management doctrine.
He said small, medium and large scale enterprises in the private sectors and their managers require risk management to remain competitive and excel, adding that there is the need to get everyone on board the risk management flight to actualize the Nigerian dream.
He noted that the body, as part of its contribution to national economic growth and development, shall continue to advise government on the need to engage risk professionals.
The body commended the commission for effectively regulating the industry which he said has enhanced the sector particularly in the area of risk management development.
“We also note the intent and significance of NAICOM’s guidelines for development of risk management framework for insurers and reinsurers in Nigeria.
Through these roles, NAICOM has continued to restore public confidence in the insurance industry and reposition the industry positively in the minds of the insuring public.
“Permit me to applaud the on-going initiatives of the present administration towards reviving the Nigerian economy at this trying time.
The Commissioner in his response promised to support RIMSON’s push for the engagement of risk professionals in public and private sectors.
Kari, however advised the risk managers to write the Head of Service on the need to engage risk professionals, and assured them of the commission’s assistance in pushing the issues.
He noted that there is an urgent need for the engagement of risks managers in government’s Ministries, Departments and Agencies (MDAs), especially now that the government is striving to manage its lean resources.
Kari also pledged to engage RIMSON in the implementation of the insurance industry risk management framework, stressing that the risk managers, would be engaged to train organisations as they transit to risk based business model.