Experts to examine role of insurance, pension in building viable economy

insurance

•As Editors set agenda for Tinubu

 

By Henry Uche

Experts in insurance and pension sectors would take a critical look at the role of the sectors in building viable and sustainable economy as insurance , pension reporters and other stakeholders set agenda for new administration.

The discourse taking place at 8th edition of the Nigerian Association of Insurance And Pension Editors (NAIPE) Annual National Confab would be chaired by Actuarist, Mr Wole Oshin, Founder/GMD, Custodian Group.

Themed: ‘Role of Insurance & Pension Sectors In Building Sustainable Economic Growth Under The New Government’, the stakeholders would proffer feasible recommendations on how to further deepen insurance penetration and its contribution to economic growth.

Slated for September 7th in Lagos, the discourse became apt following the persistent low penetration of insurance and slow growth in pensions enrolment despite the country’s huge population.

In 2020 Consolidated Insurance Bill is still awaiting presidential assent, while the National Assembly workers and the Police Pension Board recently withdrew from the Contributory Pension Scheme (CPS).

This is why some parastatals also want to withdraw from CPS, which poses a threat to the sustainability of the scheme and as such requires urgent intervention.

These ugly issues inherent within the industries will be critically discussed by array of experts and analysts within the industries which would also set a template for the new government to ride on. keynote address would be delivered by Kasim Garba Kurfi, MD/CEO of APT Securities & Funds Ltd.

Chairperson of NAIPE, Nkechi Naeche-Esezobor, said the theme was carefully chosen and would be examined by competent panelists. Moreso about 500 stakeholders across sectors are expected. 

Special guests are the Commissioner for Insurance, Mr. Sunday Olorundare Thomas, and Director-General of National Pension Commission (PenCom), Mrs Aisha Dahir-Umar.

The ultimate expectation after the conference is to see a positive change in the narrative of both industries to contribute meaningfully to the Nigerian economy.

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