We must work hard to build a united insurance industry –Efekoha

As the nation’s insurance industry continues on its transformation journey with the signing into Law of the Nigerian Insurance Industry Reform Act 2025, the need for sacrifice, collaboration by all stakeholders has been emphasised.

Eddie Efekoha, group chief executive officer (GCEO), Consolidated Hallmark Holdings (CHH) Plc who made the remark said players in the industry must work together and collaborate to ensure the unity and growth of the sector.

Efekoha speaking while receiving award by the Nigerian Association of Insurance and Pension Editors (NAIPE) in recognition of his outstanding contributions to the insurance industry said, no arm of the industry –is it the brokers, loss adjusters, underwriters and reinsurers should be left behind or not given what is due them for the services they provide.

He emphasised the importance of occasional compromise and sacrifice in creating a sane industry, and reiterated his commitment to supporting the growth and development of insurance sector.

The award plaque was handed over to him by NAIPE Team at his company’s head office in Obanikoro, Lagos recently, and Efekoha was commended for his tireless efforts in promoting peace and harmonious relationships among various groups in the industry, including the media.

Read also: Insurance industry in Africa stands at a defining moment – Olajolo

In his remarks, Efekoha expressed gratitude to NAIPE for the recognition, stating that, it was a testament to the hard work and dedication of his team at Consolidated Hallmark Holdings.

Efekoha’s award is a testament to his impressive track record in the industry. As the former President of the Chartered Insurance Institute of Nigeria (CIIN) and former Chairman of the Nigerian Insurers Association (NIA), he has played a significant role in shaping the industry’s landscape.

Under his leadership, Consolidated Hallmark Holdings has grown from scratch to become a holding structure with about four subsidiaries. His leadership roles in bringing insurance journalists under one platform (NAIPE) during the earlier crisis where some aggrieved members pulled out and created a new group, as well as piloting the company to success have not gone unnoticed.

The 2025 NAIPE Annual Conference, highlighted Efekoha’s achievements, saying that he had demonstrated exceptional leadership and a commitment to the growth of the industry.

The award is a well-deserved recognition of Efekoha’s contributions to the insurance industry, and it is expected to inspire him to continue making a positive impact in the sector.