STAKEHOLDERS' WORKSHOP ON MICRO-INSURANCE

In its continuing efforts at deepening the Nigerian Insurance market, the National Insurance Commission (NAICOM), in partnership with Access to Insurance Initiative (aii), GIZ of Germany and Making Finance Work for Africa (MFW4A) will hold a one-day stakeholders' workshop on micro-insurance on Wednesday, October 24, 2012.

The venue for the workshop is Reiz Continental Hotel, Plot 779, Cadastral Zone, Central Area, Abuja at 9:00am prompt.

Stakeholders expected at the workshop include Cooperative Societies; Micro-finance Banks; Insurance Companies; Insurance Brokerage Firms and Trade Associations. Also invited to be part of the workshop are other Regulatory Agencies (CBN, PENCOM, NDIC, SEC & FSS2020), Government Agencies (SMEDAN, FMBN, NHIS, PHCN & NACRDB) and International Agencies (IMF, WORLD BANK< UNDP< BFID AND UNDF).

It would be recalled that by the middle of last year, NAICOM commissioned the GIZ/MFW4A to conduct a nation-wide diagnostic study on the potentials of micro-insurance in Nigeria. This study was successfully conducted this year and the reports have been submitted to the Commission. It is important to note that in the process of carrying out the study, the research team held discussions with the Commission, Cooperatives Societies, Trade Associations, Micro-finance Banks, Insurance Companies, Brokerage firms, as well as representatives of other regulatory and government agencies.
The primary aim of this workshop therefore, is to assess the findings and recommendations of the country-wide diagnostic research on micro-insurance and to provide a platform for further in-depth discussions. In addition, this workshop also aims at creating an avenue for dialogue amongst the various stakeholders.

culled from www.naicom.gov.ng