Insurers sidelined in disaster management – NCRIB

By Sola Alabadan  –  Senior Correspondent


The Nigerian Council of Registered Insurance Brokers (NCRIB) has lamented that the insurance industry, which had the professional obligations of risk mitigation, had often been sidelined in disaster management in Nigeria, contrary to what obtains in thedeveloped countries of the world.

To reverse the trend, insurance involvement in disaster management is to take the centre stage at the National Insurance Conference of the NCRIB in Abuja on October 22. The theme of the Conference is “Disaster Management: Any role for Insurance?”

According to the Chairman of the Events Organising Committee of the Conference, 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.

Tinubu, who is the managing director of SCIB Insurance Brokers Limited, asserted that the conference is coming at an appropriate time considering the chain of combustible events happening all over the world leading to unprecedented losses of human and material assets.

With the requisite knowledge, he opined that the Nigerian government would see 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 the country.

Also, the conference will provide a platform for the NCRIB to generate robust discourse on issue that has continued to affect operation insurance professionals in Nigeria.

He stressed that the theme of the conference was informed by the need 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. NgoziOkonjo-Iweala, President, Ghana Insurance Brokers Association, Nathan Adu, Minister of Health, Professor OnyebuchiChukwu, Commandant General, Nigerian Security and Civil Defence Corps, Dr. Ade Abolurin, Commissioner for Insurance, Fola Daniel, Director General, National Emergency Management Agency, Muhammad SaniSidi,  and President, Institute of Chartered Accountant of Nigeria, ChidiAjaegbu.

The NCRIB coordinates the affairs of insurance brokers in Nigeria.

Source : Independent

Tags: No tags

Comments are closed.