The future of Africa’s insurance industry will be built on a foundation of skilled professionals who are equipped to face new and emerging challenges, Lawrence Nazare, GMD of Continental Re said.

Nazare speaking on the Company’s donation of N62 million towards the establishment of an ICT facility at the College of Insurance & Financial Management (CIFM) reiterated its commitment to fostering growth among its partners across all regions of operation.

He explained that the initiative aligns with Continental Re’s broader strategy to promote excellence and sustainability within Africa’s insurance landscape.

Nazare highlighted that Continental Re recently launched the an Academy, which aims to collaborate with local institutions such as CIFM to enhance training and capacity-building efforts in the Nigerian insurance sector.

“Our academy focuses on aligning training programs with local industry demands to equip graduates with the necessary skills for success,” he said.

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According to Nazare, the strategic approach seeks to position CIFM and similar institutions as vital sources of skilled professionals, fostering industry growth and resilience. He also emphasized the importance of increasing insurance penetration across Africa and building a more resilient continent.

Meanwhile, the Chartered Insurance Institute of Nigeria (CIIN) has expressed its appreciation to Continental Reinsurance Plc for donation describing the initiative as transformative for the Nigerian insurance industry

Jide Orimolade, chairman of the Governing Council of the CIFM, who also serves as the institute’s deputy president who led the delegation to Continental Re to receive the donation said, “The value we see in Continental Re is something very close to our hearts. Strengthening the skill set within the insurance industry is crucial, and this support represents a significant step toward achieving that goal.

“When the industry recognizes the College of Insurance as a hub for producing skilled professionals, it will enhance its reputation as a source of qualified talent to fill critical roles. This initiative is indeed commendable. Kudos to Continental Re for its outstanding contributions to capacity development in the sector.”

In her remarks, Yetunde Ilori, president of CIIN, expressed gratitude to Continental Re for its continued support and dedication to human capital development.

Modestus Anaesoronye is a leading Nigerian financial journalist with over two decades of experience reporting on the insurance and pension sectors across Nigeria and West Africa. He has held key editorial positions at major national media outlets, including The Comet, The Nation, and Financial Standard, and currently serves as a Senior Financial Analyst at BusinessDay Media Ltd. A widely travelled reporter, he has covered industry developments in more than 14 countries across Africa and Asia. Anaesoronye is a multiple award-winning journalist, honoured several times as Insurance Journalist of the Year and Pension Journalist of the Year by recognised industry bodies, including PensionScope and the Pension Fund Operators Association of Nigeria (PenOp), among others.

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