NAIPCO conference focuses on SMEs participation in sector

The 2022 conference of the National Association of Insurance and Pension Correspondents (NAIPCO) is expected to deliberate on how operators of Small and Medium scale Enterprises (SMEs) can be encouraged to participate in micro- insurance and micro-pension businesses.

The conference is scheduled to hold on Thursday, November 3, 2022 at Oriental hotel, Lekki, Victoria Island, Lagos.

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Specifically, financial experts, stakeholders in the financial services sector will converge to deliberate on the theme: “On-boarding Small and Medium Scale Enterprises into Micro Insurance and Pension Space in Nigeria.”

The Chairman of the occasion is Eng. Cyril Ajagu, a major investor in the financial services industry as well as oil and gas sector.

The Director General, Lagos Chamber of Commerce and Industry (LCCI), Dr. (Mrs) Chinyere Almona, will be the keynote speaker.

Besides, the Commissioner for Insurance/CEO, National Insurance Commission (NAICOM), Olorundare Sunday Thomas and Director General, National Pension Commission (PenCom), Mrs. Aisha Dahir-Umar, will be Special Guests.

Also, the Chairman, Nigerian Insurers Association (NIA), Segun Omosehin; Chairman, Pension Fund Operators Association of Nigeria (PenOp), Olumide Oyetan; have confirmed their presence at the conference.

The event will also be attended by experts and stakeholders in the insurance and pension industry as well as financial services sector including Lagos State Pension Commission (LASPEC); Chartered Insurance Institute of Nigeria (CIIN); Nigerian Insurers Association (NIA); Nigerian Council for Registered Insurance Brokes (NCRIB); Professional Insurance Ladies Association (PILA); Institute of Loss Adjusters of Nigeria (ILAN); Pension Funds Operators Association of Nigeria (PenOp); Association for Registered Insurance Agents of Nigeria (ARIAN); College of Insurance and Financial Management (CIFM) and Small and Medium Enterprise Development Association of Nigeria (SMEDAN).

Others expected are – Nigeria Union of Pensioners; Trade Union Congress; People Living with Disabilities; Barbers, Hairdressers, Market Men and Women, Vulcanizers, etc.

The conference will feature the unveiling of NAIPCO new name and logo to stakeholders in all sectors of the economy.

Speaking on the conference, Chairperson of Association, Mrs Nkechi Naeche-Esezobor, said that the theme of the conference is apt as the SMEs sector has been the main driver and engine of growth of the Nigerian economy, being the sector with the highest employers of labour needs all the support to enable it continue to contribute significantly to the economy.

“Incidentally, the larger percentage of operators and employees in this space are left unattended to with a lot of them not benefiting from the nation’s financial inclusion project, therefore underscores the need for micro-insurance and micro-pension players be integrated into the system.”

The Chairperson of 2022 NAIPCO Conference Planning Committee, Mrs. Iyabo Ogunjuyigbe said that the conference promises to meet the expectations of consumer groups who will be present to voice their concerns about insurance and pension services.

She noted that the conference would be a convergence point for insurance and pension operators and the public share information on how the two concepts can better their lives and enhance financial inclusion.

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