COMMUNIQUE ISSUED AT 2020 NATIONAL CONFERENCE OF THE NATIONAL ASSOCIATION OF INSURANCE AND PENSION CORRESPONDENTS (NAIPCO), WITH THE THEME “PROMOTING BANKABLE INVESTMENTS PORTFOLIO FOR INSURANCE AND PENSION SECTORS HELD ON WEDNESDAY, NOVEMBER 4, 2020 IN LAGOS.

1) The conference canvassed strongly for review of regulatory frameworks to accommodate new areas of bankable investment.
2) The conference called for a deliberate effort to allow insurance and pension funds invested in real sector.
3) The conference also agreed that while investments of the funds are critical, its safety must be paramount.
4) The conference demanded strong domestication of opportunities emanating from the local market before its ceded offshore.
5) The conference also urged regulators to engage real sector to measure the impact of policies and create adjustments for unforeseen circumstances.
6) The conference urged for collaboration between operators, regulators and financial market stakeholders to come up with appropriate products with adequate risk framework.
7) The conference also urged that investment windows should be adequately derisked to encourage investor participation.
8) The government was challenged to create policies that encourage real sector growth as the bastion of bankable investment rather than the preponderance of portfolio investors.
9) The conference demanded that compulsory insurances should be supported by government, both in terms of patronage and enforcement to grow the industry for better contribution to the economy.