• Monday, December 04, 2023
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Diversification of board, management will pave way for women insurers – Awosika

Diversification of board, management will pave way for women insurers – Awosika

The nation’s insurance industry has been urged to embark on board and management diversification to pave the way for women to come in impact the industry.

Ibukun Awosika, former chairman of First Bank of Nigeria Plc, said that if the Nigerian Insurance sector must emerge as 21st century digitalisation sector, it must allow diversification to take centre stage in its operational policy in both board room and management team constitution.

Awosika, who stated this while speaking at the Professional Insurance Ladies’ Association’s (PILA) 50th Anniversary celebration held in Lagos said with diversification in the board room and management team of many insurance firms, to give women a fair chance, the sector would advance higher than it is today.

She said the boardroom and management set up of many insurance firms needed overhauling to give room for diversification for optimum performance.

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She said the present model of management in which there were signs of gender discrimination as men dominate most activities at management and decision-making level in most insurance firms in the country would not make things work out well.

She charged policy makers in insurance industry to ensure that women were fully involved adding that women were much more determined in doing things and would bring major turnaround in insurance Industry.

Also speaking president of PILA Margaret Moore said the PILA 50th Anniversary celebration signified a milestone in the journey of PILA to empower and uplift women in the insurance industry in Nigeria by creating a platform for women to thrive, excel, and shape the future of insurance industry.

“Today, we stand together to celebrate the remarkable achievements of women and to recognize their invaluable contributions to our growth and success. We gather to honour the exceptional individuals who have been piloting the affairs of PILA in the past five decades.”

Moore said their dedication, expertise, and vision have charted a course towards greater inclusivity, gender parity, and professional advancement for women in the Insurance industry in Nigeria and Africa.”

She stated further that, PILA has been blessed with resourceful and hardworking founding members, elders, past presidents and executives over the years, leading to several accomplishments among which are the promotion of the virtues of forthrightness, professionalism and adherence to ethical practice by its members, continuing professional education through national and international exchange programs with the magnificent PILA House.