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🇳🇬 Nigeria /Economy & Trade

Nigerian Insurers Association Creates Agricultural and Reinsurance Committees

From ThisDay · () English

Translated from English and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources New plan
  • The Nigerian Insurers Association inaugurated technical committees for agricultural insurance and reinsurance, bringing its total number of committees to 16.
  • The committees will promote best practices and strengthen member companies' capacity in underwriting and claims management.
  • Members received guidance on their responsibilities and elected leaders for both committees.

The Nigerian Insurers Association has added two specialist bodies to its technical structure, creating committees dedicated to agricultural insurance and reinsurance.

The association said the move responds to calls from members of its Governing Council and other industry stakeholders for dedicated groups to address emerging issues and reinforce professional practice in both areas. The additions bring the NIA's total number of Technical Committees to 16.

NIA Director-General Bola Odukale described the committees as an essential platform for advancing the insurance industry. She said the Agricultural Insurance Technical Committee would promote best practices and build members' skills in underwriting and claims management for agricultural insurance business.

The Reinsurance Technical Committee will focus on reinsurance matters and practices, while improving member companies' capacity in reinsurance underwriting and claims management. After the inauguration, members of both committees received briefings on their roles, responsibilities and expected contributions to industry growth. Elections then established the leadership structures of the two committees.

The association's technical committees are an essential platform for advancing the industry.

· Bola OdukaleThe NIA director-general described the role of the committees at their inauguration.
About this summary

Originally published by ThisDay in English. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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