Yemisi Izuora
Underwriting companies in West Africa and preparing engage in what would play out as key restructuring event as Nigeria hosts over 5,000 delegates at the 2023 edition of the West African Insurance Association (WAICA) Educational Conference in Lagos from May 7 to 9, 2023.
The WAICA is an institution that promotes cooperation among underwriting companies in West Africa which is bringing together Africa insurance firms to Nigeria again after seven years.
The theme of the conference, ‘Repositioning the Insurance Industry in West Africa for Global Competitiveness’, according to the Chairperson of the Local Organising Committee of the Conference, Bola Odukale, will be to square up with their global counterparts to enable them to play as global brands.
Odukale, who doubles as the Deputy Chairman of the Nigerian Insurers Association (NIA), also said the industry would leverage the forum to discuss rating, which is key to competing globally.
“If we are promoting the concept of a global village, the insurance industry in the West African sub-region needs to be seen as a front runner in promoting global competitiveness,” she said.
The three-day educational Conference will feature papers by A.M Best, a globally acclaimed rating agency, and other international scholars.
According to the programme of events released by the Secretary General of WAICA, William Coker, the occasion will also mark the 50th anniversary of the sub-regional body.