All Posts in "Day: July 29, 2023"

AIO moves Reinsurance Forum to Tunisia from Gabon over election

The 27th African Reinsurance Forum has been rescheduled to hold in Tunisia from September 30 – October 4, 2023.

The Reinsurance forum was formerly to hold in  initially Libreville, Gabon from October 7-11, 2023 but due to the coming election in that country, the forum had to shifted as all attention of the country is focused on the election.

The change of venue of the 2023 African Reinsurance Forum of the African Insurance
Organisation (AIO) came at the request of the authorities of the Republic of Gabon.

This is contained in a letter to the Secretariat of the AIO, the President of the Association of Gabonese Insurance Companies informed that the decision was motivated by the general elections expected to hold in Gabon in the month of August.

The letter indicated that the authorities of the country have decided to give the general
elections priority attention. It further stated that the Republic of Gabon is ready to
host the event any time in the nearest future.

The 27th African Reinsurance Forum will therefore hold from the 30 September to 04
October 2023 at the LAICO Hotel in Tunis, Tunisia.

The African Reinsurance Forum is an avenue to meet and network with industry leaders, reinsurance treaty renewals, a milieu for the examination of the reinsurance industry challenges and devising of solutions.

Through this Forum, AIO encourages bilateral exchanges, renewals, networking opportunities, discussions and exhibitions.

It brings together over 500 global insurance and reinsurance professionals to discuss
relevant topics and enhance good business practices in the insurance and reinsurance
industry.

Founded in 1972 in Mauritius, AIO is an
international organisation recognised by many African governments. Following the
headquarters’ agreement with the Government of Cameroon, the Permanent
Secretariat of the AIO was established in Douala.

AIO aims to develop a healthy insurance and reinsurance industry in Africa and promote inter-African co-operation in the insurance sector. The AIO is a truly African institution with 402 members from 47
African countries and 12 non-African countries.

Patoma Admin by — July 29, 2023 in Insurance 0
NiMET Awards Service Provider of the Year by LAAC

By Favour Nnabugwu

 

 

 

The Nigerian Meteorological Agency (NiMet) has been awarded the Service Provider of the year 2022 award by the League of Airport and Aviation Correspondents (LAAC).

The award, which was in recognition of NiMet’s improved service delivery, was presented at the 27th annual conference of LAAC that was held at the Providence Hotel, Lagos this Thursday.

Earlier in his address at the event, the Director General/CEO of Nigerian Meteorological Agency, Prof. Mansur Bako Matazu described the role of the media in nation building as very important, requiring courage, selflessness and truth, which he ascribes to LAAC in the aviation industry.

“The role of the media in nation building is very important and it requires courage, selflessness and truth while being patriotic. Such is the role of LAAC in the Aviation industry.

“As the nation’s aviation media umbrella body with the responsibility of ensuring adequate coverage and reportage of activities within the industry, LAAC is strategic to the visibility, relevance and growth of the industry”, he noted.

Prof. Matazu who was represented by the Director of Research and Training, Prof Effiom Essien Oku, described the aviation industry as dynamic, vulnerable and fast paced in terms of changing technology.

The Aviation industry is one of the fastest growing industries with a tremendous contribution to the GDP by providing revenue to the nation; livelihoods for workers; catalytic support to other sectors  and growth for the nation among others.

The event was well attended by stakeholders in the Aviation sector and featured paper presentations, panel discussions and the presentation of LAAC magazine, Travelwatch

Patoma Admin by — July 29, 2023 in Aviation 0
FSD trains 70 staff of Naicom on Risk Based Capital

CAPTION
L- Managing Director Financial Sector Deepening Africa Mr. Mark Napier and the nation’s Commissioner For Insurance, Mr Olorundare Sunday Thomas during the visit to the Commission
By Favour Nnabugwu
Seventy staff of the National Insurance Commission, Naicom,  will be trained on n Risk Based Capital by the Financial Training Deepening Africa
The raining NAICOM statement outlined, is sequel to a partnership entered into by the Commission and the current training of the 70 slated for for two weeks ended today, Friday 28 July 2023.
The Managing Director Financial Sector Deepening Africa Mr. Mark Napier led his Management Team to Naicom in Abuja and was received by the Commissioner for Insurance Nigeria Mr. Olorundare Sunday Thomas.
Sequel to the partnership entered into by the National Insurance Commission (NAICOM) with FSD Africa, A Risk Based Capital (RBC) training for seventy (70) staff of NAICOM has been on for two (2) weeks and ends on Friday 28 July, 2023 and is being facilitated by Mr. Elias Omondi Principal in charge of innovation at FSD Africa.
NAICOM enumerated the other benefits of the partnership for the Nigerian Insurance Industry to include; development of risk based capital framework and toolkit; Incorporation of Economic, Social and governance (ESG) Principles into our operations. And development of innovation portrait which would facilitate innovation for the regulator and insurance operators amongst others.
Patoma Admin by — July 29, 2023 in Insurance 0