The Risk, Audit & Compliance Committee, a committee of the Nigerian Insurers Association, has said that upskilling of its members is one of its top priorities in its 2025 annual retreat.

The retreat, themed ‘Insurance industry recapitalisation: Strengthening governance activities for maximum benefits,’ is set for next month.

The RACC comprises chief internal auditors, risk officers, and compliance officers from across insurance companies in Nigeria. They hold monthly meetings featuring knowledge-sharing sessions on emerging issues.

Speaking on the upcoming retreat at a press briefing, the Chairman of RACC, Olugbenga Akinlalu, emphasised that the retreat will focus on building capacity among members and promoting regulatory collaboration.

He said, “One of our key mandates is to build capacity among insurance providers. This year, we are prioritising upskilling to ensure our members can effectively deliver on their roles in internal control, compliance, and governance oversight.”

Akinlalu added that the 2025 retreat promises an impressive lineup of activities, including plenary and panel sessions featuring distinguished experts from Deloitte, KPMG, PwC, the regulator, and industry leaders.

RACC will also be launching the second edition of its industry-focused magazine, covering critical themes such as artificial intelligence, internal controls, financial reporting, and sustainability, all key issues shaping the future of insurance.

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