This, he noted, when fully operational, would help cover some of the existing gaps that are seen in the distribution of third party motor insurance in Nigeria.Also speaking, Convener, IMT, Mr. Odion Aleobua, stressed that though the industry in the fourth quarter of 2022 recorded a staggering N726.2 billion in gross premium income, this, he said, is merely a scratch the surface of what’s possible.
According to him, the burgeoning success of Insurtech, with substantial millions of dollars in investment, serves as a vote of confidence that underscores the importance of embracing technology and innovation to shape the future of insurance in Nigeria. “Let us harness the full potential of technology to make insurance more accessible, affordable, and reliable for all Nigerians.On his part, Chief Executive Officer and Founder Caladium Consulting, Mr. Ayo Bankole, lamented the low penetration of insurance in Nigeria adding that this could be because a lot of times insurance seems abstract to an average Nigeria.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Insurers Leverage Tech To Hit N1trn Premium Income In 2023The president, Nigerian Insurers Association (NIA), Mr. Olusegun Omosehin, who stated this at the ongoing ‘Insurance Meets Tech 2023’ conference themed:
Source: LeadershipNGA - 🏆 4. / 77 Read more »
‘Gross breach of court order’ -- Fagbemi asks labour to shelve planned strikeLateef Fagbemi, the attorney general of the federation and minister of justice, has asked the organised labour to put off any planned industrial action over fuel subsidy removal and related issues.
Source: thecableng - 🏆 2. / 80 Read more »
Ekiti suspends Chief Medical Director of State Specialist Hospital, Ikere for gross misconductThe Ekiti State Government has suspended the Chief Medical Director (CMD) of the State Specialist Hospital, Ikere-Ekiti, Dr. Olaolu Olubiyi, pending
Source: DailyPostNGR - 🏆 11. / 59 Read more »
Impeachment: Ondo assembly slams deputy gov with 14 allegations of gross misconductThe Ondo State House of Assembly has slammed the embattled Deputy Governor, Lucky Aiyedatiwa, with 14 allegations.
Source: vanguardngrnews - 🏆 5. / 75 Read more »
Weah faces Boakai, others again as Liberians prepare to elect new presidentLiberia will hold presidential and parliamentary elections on 10 October with 19 candidates challenging President George Weah...
Source: PremiumTimesng - 🏆 3. / 78 Read more »
Weah faces Boakai, others again as Liberians prepare to elect new presidentLiberia will hold presidential and parliamentary elections on 10 October with 19 candidates challenging President George Weah...
Source: PremiumTimesng - 🏆 3. / 78 Read more »