The Commissioner for Insurance and Chief Executive Officer of the National Insurance Commission (NAICOM), Olorundare Sunday Thomas, has said that the commission has no regret granting operating licence to Heirs Insurance Group.
Thomas, who stated this while delivering the keynote address at the second edition of the United Capital Securities’ Insurance CEO breakfast forum in Lagos, commended Heirs Insurance Group for its contributions to the Nigerian insurance industry since entering the market in December 2020.
He noted that the commission is committed to supporting every initiative that could increase insurance adoption in the country, adding that the NAICOM under his watch is focused not just on compliance, but also on a wider developmental process that would transform the entire insurance market.
Niyi Onifade, Managing Director/CEO Heirs Life Assurance, a member of the Heirs Insurance Group, urged the insurance regulator to adopt Heirs Insurance Group’s digital framework as the minimum industry standard to drive insurance accessibility and service quality across the country.
He stressed the important role technology plays in bringing customers closer to insurance, saying, “We realised that we must be digital from day one and, thus, we embraced digital tools from the start and drove insurance education heavily through our social media platforms and other digital channels.”
Onifade outlined the deliberate steps the companies within Heirs Insurance Group have taken to lay a strong digital and technology foundation for its service, stressing how the infusion of technology has been pivotal in revolutionising the overall customer experience at Heirs Insurance Group.
“We have championed digital transformation to ensure our customers not only find insurance accessible but also experience a level of service that aligns with their expectations,” he said.
The forum, which had the theme, “Technology as a critical driver of growth and transformation in the Nigerian insurance landscape,” had in attendance the Commissioner for Insurance, Sunday Thomas; Group MD/CEO, United Capital plc, Peter Ashade; MD/CEO, Heirs General Insurance, Wole Fayemi; Professor Olayinka David-West and other executives from the Nigerian financial industry.
YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE
Petrol pump price hits N630/litre as more filling stations shut down
Amid the ongoing crisis regarding the availability of fuel across the country, the pump price of Premium Motor Spirit (PMS) now stands at approximately N625 to N630 per litre…….
Despite over N200bn expenditure, FG silent on conduct of population census
Despite over N200 billion spent on preparations for the Population and Housing Census since 2014, the Federal Government has kept mute on the conduct of the postponed exercise...…..
FULL LIST: Rema, Davido, Asake, Yemi Alade win at Trace Live Awards 2023
Nigerian Afrobeat acts Rema, Davido, Asake, Yemi Alade, and Burna Boy have each won different categories of nominations at the 2023 Trace Live Awards....….…
Davido, Chioma step out with newborn twins
Nigerian singer Davido and his wife, Chioma, have stepped out for the first time with their twins in the United States. A video of Chioma smiling while carrying the babies has surfaced online....…
NOTES FROM ATLANTA: Neither Tinubu nor Atiku forged credentials with INEC
THE storm over the legitimacy of the credential President Bola Tinubu submitted to INEC has managed to rope in former Vice President Atiku Abubakar who instigated it in the first place. But available facts show that neither of them presented forged documents to INEC.....…
Ondo Assembly suspends impeachment of deputy gov Aiyedatiwa
The Ondo State House of Assembly has suspended the impeachment proceedings against Deputy Governor Lucky Aiyedatiwa following the refusal of the Chief Judge of the state, Olusegun Odusola, to set up a panel for the exercise...…
EDITORIAL: The NDLEA/police clash over marijuana in Kogi
INTER-AGENCY squabbles at official and unofficial levels among the security operatives in the country are a common phenomenon. They signpost gross indiscipline on the part of the supposedly regimented entities which are ironically saddled with the responsibility of law enforcement……
and then