Thursday 15 May 2014

National Confab: Insurers channel contributions through bankers


Ahmed
Chuks Udo Okonta

 
Insurance operators having been left out among the delegates to the on-going National Conference, have resolved to channel their contributions through the Chartered Institute of Bankers of Nigeria (CIBN), Inspen can report.

Director-General Chartered Insurance Institute of Nigeria (CIIN) Kola Ahmed, in a telephone interview, said the opportunity to channel the industry’s contributions was provided by the President of the CIBN, who took the decision to bring other bodies in the financial sector that were not nominated to the conference.

He noted that in a bid to get the contributions of those left out, the CIBN President set-up a think tank in the Institute’s Lagos office, were those not nominated has to channel what they want to be discussed at the conference.

“We have held three meetings on the platform of the think tank, were we made input to the deliberations at the conference through tele-conferencing. Our inputs have been incorporated into the resolutions of the confab’s committee considering financial matters.

“More so, the Nigerian Insurers Association (NIA), CIIN and Nigerian Council of Registered Insurance Brokers (NCRIB) met to produce a memorandum which we have also submitted to the conference, in response to the advert made by the conference.    

Another source said the decision was taken to ensure insurance is not totally left out as efforts are being made to reposition the economy.

Insurers had earlier expressed misgivings over their exclusion from the confab, stressing that issues in the economy cannot be effectively discussed, without considering risk implications and management which they are better positioned to talk about.


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