By Nnamdi Duru
Risk managers across the country have drawn the attention of Nigerians to threats posed by declining confidence in the economy as a result of insecurity and the associated loss of lives and properties across the country.
Acting under the aegis of the Risk and Management Society of Nigeria (RIMSON), the professionals encouraged the three tiers of government, policy makers and other stakeholders to the dangers in loss of confidence in the economy on the part of the country’s trade partners and foreign investors.
The security crisis, according to them, has taken a serious toll on businesses and investments in the country.
Stating their concern over the ugly trend, the risk managers stated their belief that so much could be done by government and other stakeholders to mitigate the security risk by way of equipping risk managers in various organisation to take steps to reduce the impact of such risks in the environment.
The professionals also stated that security risks and how to mitigate their impact on the people the communities, businesses, and economy in general would engage their minds while in Abeokuta for RIMSON’s 2012 Annual Conference later this month.
The President of the association, Mrs. Efiom Ekaha said the theme of the conference, “New Perspectives in Security Risk Management”, has been chosen to address pressing safety and security needs and the implications of security on personal and corporate business survival across the country.
“The conference presents a veritable platform for intellectual discourse by experts as well as proffer practical solutions that will ensure that organisations stay ahead in their quest for value creation for stakeholders amidst heightened security risks in the business environment,” she said.
The annual conference is one of the cardinal programmes of RIMSOM and it attracts insurance practitioners and other risk managers within and outside the country to participate in intellectual discourses on topical issues affecting their practice and the economy in general.
The Executive Secretary of the society, Mr. Maria Samali said the forum would look at issues including ‘Terrorism, Emergency Response and Crisis Management: Implications for Social and Economic Survival’ and ‘Terrorism Insurance in Nigeria: Issues and solutions’ among other topics.
Established in 1985, RIMSON is an association of corporate bodies dedicated to the advancement of risk awareness in Nigeria. It is a self-financing society with membership cutting across all facets of the economy.
It is the only registered Nigeria member of the International Federation of Risk and Insurance Management Associations (IFRIMA), a global body with presence in over 20 developed economies and this places it at a vantage position of having access to international facilities in addition to those that exist locally.