By Sola Alabadan
The ILO’s Impact Insurance Facility and the College of Insurance and Financial Management (CIFM) have concluded arrangements to organise the training for Nigerian insurance operators on Inclusive insurance for SMEs on April 21 and 22 via Zoom.
The training programme is being organised with support from the German Corporation for International Cooperation (GIZ).
This online training is intended to assist participants to design a product and distribution strategy for an SME and determine how insurance and other interventions helps in coping up with the challenges SMEs have to face.
Small and medium enterprises (SMEs) are vital to economic development. And they are exposed to high risk and often struggle more than larger business to cope up with the challenges. Insurance represents an important tool to help business better manage risks, but SMEs worldwide are generally underinsured or have no insurance at all.
The trainers are Camyla Fonseca, who leads the knowledge and capacity building initiative, as well as the insurance education work of the ILO’s Impact Insurance Facility, Yeside Oyetayo, a Certified Inclusive Insurance Trainer of the Impact Insurance Facility of the ILO and currently the Rector of the College of Insurance, and Femi Abass, a lecturer in the Department of Insurance at Lagos State University and a Certified Inclusive Insurance Trainer of the Impact Insurance Facility of the ILO.
