Africa: Insurance Heavy Weights To Discuss The Role of Insurance in The Growth of Aviation and Cargo in Nigeria

Insurance

Insurance heavyweights have been lined up to discuss the role of insurance in the growth of aviation and cargo in Nigeria at the second edition of Chinet aviation and cargo conference.

The event scheduled to hold on the 7th and 8th September 2022 in Lagos is expected to have in attendance captains of industries in aviation, logistics, exports, transport and government agencies in export related field.

Leading the pack in the insurance sector is the newly elected President of the African Insurances Brokers Association (AIBA) and Chairman, Boff & Co. Insurance Brokers Ltd, Chief Babajide Olatunde-Agbeja, a seasoned expert in the industry.

Chief Olatunde-Agbeja is a thorough bred insurance guru of many years and an experience aviation insurance expert.

The executives of leading Insurance Companies and top Insurance Brokers are expected to join the National Insurance Commission NAICOM to discuss the roles of the different components of insurance in the development of Aviation in Nigeria.

READ: Africa: Chinet 22 to Discuss the Role of Cargo Airports, Insurance and Finance in the Development of a National Aviacargo Export Master Plan for Nigeria

The insurance session will be driven by two lead speakers and discussants of the highest calibre.

This will be the most robust discussion on Insurance and Aviation in Nigeria.

Airline executives will be on hand to discuss with the insurance gurus in what promises to be an educative session.

Nigerian airlines have been a victim of high insurance premiums due to some factors bedevilling the aviation sector. There is a growing perception of exploitation of airlines by Nigerian Insurance Companies.

Nigerian Airlines allege that the law preventing Nigerian Airlines from Using Foreign insurers is punitive and is now a weapon of intimidation by Nigerian insurers who lack adequate capacity to insure a brand new aircraft but still charge high premium. It is alleged that Nigerian Airlines pay the highest premiums in Africa.

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