Insurance experts under the aegis of the Nigerian Council of Registered Insurance Brokers have charted a new path to tackle the challenges affecting the future of insurance in Nigeria.

With a shared vision to drive growth, innovation, and excellence, the delegates during a two days discussions underscored the importance of technology in achieving the desired penetration.

Babatunde Oguntade, president of the Council said, “We must continue to innovate, and evolve to meet the changing needs of our customers,”

He highlighted the critical role insurance plays in promoting financial stability and security.

The theme of the Retreat is, “Financial Inclusion: Pathway to Insurance Growth,” resonated deeply, underscoring the industry’s quest to bridge the gap between insurance penetration and the vast potential of the Nigerian market.

The President charged CEOs’ to lead with vision, innovation, and integrity, prioritising customer satisfaction, product innovation, and risk management.

He also emphasised the need for collaboration, knowledge sharing, and mentorship among industry players.

The retreat provided a platform for industry leaders to share experiences, reflect on progress, and chart a new course for the industry. Over the next two days, participants engaged in discussions, deliberations, and networking, exploring new ideas, strategies, and opportunities.

The retreat concluded with a call to action for industry leaders to be proactive, innovative, and solution-focused in addressing challenges and capitalising on opportunities.

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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