Insurance and You

October 15, 2014

Insurers to consider involvement in disaster mgt

Insurance involvement in disaster management is to take centre stage at the 2014 National Insurance Conference to be organised by the Nigerian Council of Registered Insurance Brokers (NCRIB).

In a statement by the Chairman of the events organising committee of the Conference, Mr. Sola Tinubu, the conference which is expected to draw participation from disaster and insurance management institutions in Nigeria and abroad is to further impress the role of insurance industry in disaster management in the country.

Tinubu said the insurance industry, which had the professional obligations of risk mitigation, had often been side-lined in disaster management in Nigeria, against practices in other parts of the globe, as such the conference could not have been more timely than now considering the chain of combustible events happening all over the world leading to unprecedented losses of human and material assets.

It was opined that the Nigerian government would have seen the need to involve insurance practitioners in formulating policies and establishment of institutions to manage disasters and mitigate losses caused to victims.

The conference which would also feature the sub theme: “Insurance Regulation: The Global Perspective” would provide a robust platform for discussing current trends with regards to insurance regulation in Nigeria.

Also, the conference will provide a platform for the NCRIB team led by the council’s President, Mr. Ayodapo Shoderu to generate robust discourse on issue that has continued to affect operation of insurance by professionals in Nigeria.

He stressed that the intention of the choice theme was to allow for ventilation of views and opinions by eminent resourceful professionals and stakeholders drawn from all sectors of the nation’s economy and particularly disaster management institutions.

Dignitaries expected at the conference include, Senate President, David Mark; Minister of Finance, Mrs. Ngozi Okonjo-Iweala; President, Ghana Insurance Brokers Association (GIBA), Nathan Adu; Honourable Minister of Health, Professor Onyebuchi Chukwu; Commandant General, Nigerian Security and Civil Defence Corps (NSCDC), Dr Ade Abolurin; Commissioner for Insurance, Mr. Fola Daniel; Director General, National

Emergency Management Agency (NEMA), Muhammad Sani Sidi; President, Institute of Chartered Accountant of Nigeria (ICAN), Chidi Ajaegbu; Royal Father of the day is Alayeluwa Oba Omosanya Akinyemi, Ebi Idena of Idena Remo.