Workshop: Nigeria Insurance for Growth Study
August 15, 2018 •
This workshop will be co-hosted in partnership with EFInA, and it is based on the findings from the Nigeria Insurance for Growth diagnostic study commissioned by DFID.
The objective of the Nigeria Insurance for Growth Study is to understand the role insurance has played, and can play, to support sustainable development and economic growth in Nigeria. It forms part of a broader set of insurance diagnostic studies being conducted in Ghana, Kenya and Rwanda as a partnership between DFID, the World Bank, FSDA and Cenfri to investigate how insurance is contributing to growth and development.
The project scope spans the enabling environment and the insurance market structure and trends along three lines of analysis:
- Individual and household resilience: With only 1.9% of Nigeria adults making use of insurance to mitigate risk, what scope is there for a more inclusive insurance market to enhance resilience?
- Enterprise development: Insurance is an integral part to the functioning of the oil and gas sector in Nigeria. How can it further encourage productive risk-taking by enterprises and diversify the economy, thereby contributing to the Economic Growth and Recovery Plan (EGRP)?
- Capital intermediation: As an aggregator of premiums, the insurance sector plays a key role in the intermediation of capital. However, in Nigeria the insurance sector is a relatively small player in the capital market. Which development imperatives are necessary for insurance to enhance its intermediation function?
Join the discussion to understand the role that insurance can play in supporting sustainable development and economic growth. Registration closes 7 September 2018.
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September 17, 2018 -
8:30 am - 2:00 pm
Four Points by Sheraton Lagos, Nigeria