Yemisi Izuora
The Handling Director and Ceo, MD/CEO Heirs Life Guarantee,
Niyi Onifade, has actually encouraged insurance coverage regulators to embrace Heirs Insurance coverage Group’s digital structure as the minimum market requirement to drive insurance coverage ease of access and service quality throughout the nation.
Onifade made this call throughout the panel conversation at the second edition of the United Capital Securities’ Insurance Coverage CEO Breakfast Online Forum, which was kept in Lagos on Thursday, October 26, 2023.
While providing the keynote address, the Commissioner for Insurance Coverage, Mr. Sunday Thomas applauded Heirs Insurance coverage Group for their tremendous contributions to the Nigerian insurance coverage market because going into the marketplace in December 2020.
According to him, NAICOM has no remorse approving the operating license to the group business. He stated, “the commission is dedicated to supporting every effort that will increase insurance coverage adoption in the nation. He likewise pointed out that the commission under his watch is focused not simply on compliance, however a broader developmental procedure that will change the whole insurance coverage market.
Speaking at the conference, Niyi Onifade stressed the crucial function innovation plays in bringing clients more detailed to insurance coverage. He stated, “we understood that we should be digital from the first day and, therefore, we welcomed digital tools from the start and drove insurance coverage education greatly through our social networks platforms and other digital channels.”
He mentioned the intentional actions the business within Heirs Insurance coverage Group have actually required to lay a strong digital and innovation structure for its service. Onifade even more detailed how the infusion of innovation has actually been critical in changing the total client experience at Heirs Insurance coverage Group stating, “we have actually promoted digital improvement to guarantee our clients not just discover insurance coverage available however likewise experience a level of service that lines up with their expectations.”
Themed “Innovation as a vital chauffeur of development and improvement in the Nigerian insurance coverage landscape,” the online forum had in participation the Commissioner for Insurance Coverage, Mr. Sunday Thomas; Group MD/CEO, United Capital plc, Peter Ashade; MD/CEO, Heirs General Insurance Coverage, Wole Fayemi; Teacher Olayinka David-West, and other executives from the Nigerian monetary market.
Heirs Insurance Coverage Group is the insurance coverage subsidiary of Heirs Holdings, among the leading pan-African investment firm, with financial investments throughout 24 nations and 4 continents, established and led by Tony Elumelu. With a quickly broadening retail footprint and an omnichannel digital existence, Heirs General and Heirs Life serve both business and specific clients throughout Nigeria.
Heirs Insurance coverage Group is promoting monetary addition and leading the digital insurance coverage play in Nigeria, showing its objective to democratise access to insurance coverage. As part of its special proposal, the Group presented digital and mobile channels to streamline access to insurance coverage and make insurance coverage available to everybody.