• Contact Us
  • About
  • Advertise
  • Privacy & Policy
Wednesday, September 17, 2025
  • Login
E3P Motor Insurance
  • Home
  • Insurance
  • Pension
  • Business Unlimited
  • OIL & ENERGY
  • Feature
  • News
  • Home
  • Insurance
  • Pension
  • Business Unlimited
  • OIL & ENERGY
  • Feature
  • News
No Result
View All Result
Business Post
No Result
View All Result
Home Insurance

Insurers Body Upticks AI, Digital Transformation For Sector Growth, Accessibility

Nwanne Ikemefune by Nwanne Ikemefune
November 26, 2024
in Insurance
0 0
0
Insurers Body Upticks AI, Digital Transformation For Sector Growth, Accessibility
0
SHARES
23
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

Voices streaming from the insurance market is gathering momentum and reverberating across the insurance space and landing in trade bodies decision rooms from where the push to go for digital transformation and stretch to embrace GenAI as the weapons is urgent. The quest to escalate insurance penetration that has been holed down in the dryland of low penetration is a major driving force.

This thinking is part of the strategic focus of the Chairman of the Nigerian Insurers Association NIA, Kunle Ahmed who muted it first at the annual general meeting of the Institute of Loss Adjusters of Nigeria ILAN where he said his term will position the NIA to embrace AI and digital transformation and, it would be a clear departure from the “current foot dragging” in the sector.

Etching his strategic move on marble Ahmed said, “in my tenure one of my main cardinal points is that we need to embrace AI, embrace digital technology and I would need ILAN to look at that aspect.” Pushing it further he said, “There are areas of your job that you can enhance by deploying some form of technology.”

Admitting that the cost would be expensive for a singular firm and discouraging, he said it should be approached as a body. “One thing about innovation is that if each company try to go it alone it will be too expensive but if as a body you come together perhaps those things might be easier to do.”

Noting that enhancing service applied to insurers too, NIA Chairman said, “It doesn’t apply to loss adjusters alone but even for insurers. There are areas we need to improve technology wise that we are currently foot dragging and in my tenure one of main cardinal points is that we need to embrace AI, embrace digital technology.”

Harping on this at the media unveiling, he reiterated what has been the reoccurring response of the sector to digital solutions. “Our sector has historically been slow to adopt digital solutions. Moving forward, embracing digital innovation will be essential. We plan an innovation challenge to invite solutions that that streamline our processes and enhance customer experience.”

Ahmed said the route to take to get to the mountain top of digital transformation would be by collaborating with tech partners. “By collaborating with technology partners, we can reduce costs and improve service delivery, making insurance more accessible to all Nigerians.”

Previous Post

MoU On Insurance Data Protection Signed By NAICOM & NDPC

Next Post

Leadway Assurance Reaffirms Commitment To Supporting SMEs This Festive Season

Nwanne Ikemefune

Nwanne Ikemefune

Related Posts

Omosehin
Insurance

Growing Economy, Collaborative Regulatory Synergy Takes Centre Stage

September 17, 2025
Rex Insurance Chairman Calls For Stronger Insurance And Pension Frameworks For Economic Acceleration
Insurance

Rex Insurance Chairman Calls For Stronger Insurance And Pension Frameworks For Economic Acceleration

September 17, 2025
SDGs Synergy Initiative Courts NAICOM Support to Deepen Insurance Awareness Among Youths
Insurance

SDGs Synergy Initiative Courts NAICOM Support to Deepen Insurance Awareness Among Youths

September 17, 2025
Next Post
Leadway Assurance Pays N67.1bn Claims In 2023

Leadway Assurance Reaffirms Commitment To Supporting SMEs This Festive Season

Please login to join discussion
NEM INSURANCE NEM INSURANCE NEM INSURANCE
  • Trending
  • Comments
  • Latest
Loss Adjusters Receive Charge To Match Speed Of New Developments

Loss Adjusters Receive Charge To Match Speed Of New Developments

April 27, 2024
tope smart NIA former chairman

Insurance Milestone: A Beacon To Follow

April 3, 2022
Custodian Investment To Acquire 51% Stake In UACN Property

Penetration: Operators Call For Insurance-In-Action

November 2, 2022
NCRIB And Universal In Pictures

NCRIB And Universal In Pictures

May 4, 2024
Reinsurance Rates May Increase Into 2022, But Momentum To Wane: Fitch

Reinsurance Rates May Increase Into 2022, But Momentum To Wane: Fitch

April 13, 2021
ncrib logo

NCRIB Sets The Stage For Adaramola’s Tenure

June 7, 2023
Preferred PenCom Logo

PenCom Board Crafted To Hedge Setback

February 1, 2021
Linkage Assurance Aligns With Brokers For Growth

Linkage Assurance Aligns With Brokers For Growth

December 6, 2021
PTAD Wipes 21,227 Parastatals Pensioners From Payroll

PTAD Wipes 21,227 Parastatals Pensioners From Payroll

January 31, 2021
Preferred PenCom Logo

PenCom Board Back-To-Work Pass, Gets Tick Over

May 4, 2025
Anchor MD Loses Father

Anchor MD Loses Father

2
Regulators Clear Guinea Insurance  For Private Placement

Regulators Clear Guinea Insurance For Private Placement

2
NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

NAICOM Inaugurates Discount Rate Committee To Ease Insurance Contracts Under IFRS 17

2
Insurance Mastercard Joe Irukwu Passes On

Insurance Mastercard Joe Irukwu Passes On

2
AIICO Head office

Car Insurance Takes A New Turn With AIICO, ETAP ‘Redefine Partnership’

2
Authenticity Of Motor Policy, Technology Crowns Policyholders Verifying Partners

Authenticity Of Motor Policy, Technology Crowns Policyholders Verifying Partners

2
NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

2
Ebere Nwoji Makes It Back To Back As 2023 Print Media Reporter

Ebere Nwoji Makes It Back To Back As 2023 Print Media Reporter

2
Loss Adjusters Receive Charge To Match Speed Of New Developments

Loss Adjusters Receive Charge To Match Speed Of New Developments

2
NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

Federal Government & NAICOM Working On New Guidelines For Insuring Government Assets

2
Omosehin

Growing Economy, Collaborative Regulatory Synergy Takes Centre Stage

September 17, 2025
Rex Insurance Chairman Calls For Stronger Insurance And Pension Frameworks For Economic Acceleration

Rex Insurance Chairman Calls For Stronger Insurance And Pension Frameworks For Economic Acceleration

September 17, 2025
SDGs Synergy Initiative Courts NAICOM Support to Deepen Insurance Awareness Among Youths

SDGs Synergy Initiative Courts NAICOM Support to Deepen Insurance Awareness Among Youths

September 17, 2025
NAIPE’ Landmark Confab Holds Tomorrow, Puts Insurance & Pension as Economy Accelerators

NAIPE’ Landmark Confab Holds Tomorrow, Puts Insurance & Pension as Economy Accelerators

September 15, 2025
Catholic Priest Implores  Nigerians Not to Downgrade Own Security Amidst Heightened Insecurity

Catholic Priest Implores Nigerians Not to Downgrade Own Security Amidst Heightened Insecurity

September 14, 2025
AIICO Insurance Launches Recycling Project For a Greener Future

AIICO Insurance Launches Recycling Project For a Greener Future

September 13, 2025
Leadway Holdings Becomes Dominant Pension Investor Acquires PAL Pensions

Leadway Group X-rays Nigeria’s New Tax Reforms and Compliance Strategies

September 13, 2025
Image Spin: ENACTUS NIGERIA@25 Honours Sovereign Trust Insurance Plc

Image Spin: ENACTUS NIGERIA@25 Honours Sovereign Trust Insurance Plc

September 13, 2025
Insurance Industry Regulator, Operators Focus on Collective Action, Sustainable Growth, Social Viability

Insurance Industry Regulator, Operators Focus on Collective Action, Sustainable Growth, Social Viability

September 11, 2025
Microphone

NAIPE 10th And Agenda Setting Conference Earns Insurance & Pension Wide Endorsements

September 11, 2025
ADVERTISEMENT

Recent News

Omosehin

Growing Economy, Collaborative Regulatory Synergy Takes Centre Stage

September 17, 2025
Rex Insurance Chairman Calls For Stronger Insurance And Pension Frameworks For Economic Acceleration

Rex Insurance Chairman Calls For Stronger Insurance And Pension Frameworks For Economic Acceleration

September 17, 2025
SDGs Synergy Initiative Courts NAICOM Support to Deepen Insurance Awareness Among Youths

SDGs Synergy Initiative Courts NAICOM Support to Deepen Insurance Awareness Among Youths

September 17, 2025
NAIPE’ Landmark Confab Holds Tomorrow, Puts Insurance & Pension as Economy Accelerators

NAIPE’ Landmark Confab Holds Tomorrow, Puts Insurance & Pension as Economy Accelerators

September 15, 2025
Catholic Priest Implores  Nigerians Not to Downgrade Own Security Amidst Heightened Insecurity

Catholic Priest Implores Nigerians Not to Downgrade Own Security Amidst Heightened Insecurity

September 14, 2025
AIICO Insurance Launches Recycling Project For a Greener Future

AIICO Insurance Launches Recycling Project For a Greener Future

September 13, 2025
Leadway Holdings Becomes Dominant Pension Investor Acquires PAL Pensions

Leadway Group X-rays Nigeria’s New Tax Reforms and Compliance Strategies

September 13, 2025
Image Spin: ENACTUS NIGERIA@25 Honours Sovereign Trust Insurance Plc

Image Spin: ENACTUS NIGERIA@25 Honours Sovereign Trust Insurance Plc

September 13, 2025
Insurance Industry Regulator, Operators Focus on Collective Action, Sustainable Growth, Social Viability

Insurance Industry Regulator, Operators Focus on Collective Action, Sustainable Growth, Social Viability

September 11, 2025
Microphone

NAIPE 10th And Agenda Setting Conference Earns Insurance & Pension Wide Endorsements

September 11, 2025
Leadway Assurance Pays N67.1bn Claims In 2023

Vulnerable Farmers Get Agricultural Insurance Solutions From Leadway Assurance, State Governments And Partners

September 11, 2025
Half Year Claims Obligation, Sovereign Trust Pays N1.6bn

Sovereign Trust Insurance Keeps Dividend Flag up, Earns N40bn in 2024

September 11, 2025
NESG, NAICOM Birth Strategic Initiative That Synchronises Resources For Insurance Transformation And Economic Development

NESG, NAICOM Birth Strategic Initiative That Synchronises Resources For Insurance Transformation And Economic Development

September 10, 2025
InsurTech Development, FinTech Association of Nigeria Pledges Unalloyed Support For NAICOM Tech Plan

InsurTech Development, FinTech Association of Nigeria Pledges Unalloyed Support For NAICOM Tech Plan

September 10, 2025
NEM Insurance NEM Insurance NEM Insurance
Business Post

We connect brands with buyers and sellers of insurance, pension and also project insurance and allied Businesses to the trending generation. We help the various public to adapt to the constant changes as it would impact, and also enable advertisers to connect, engage and target opportunities on line , in print and in person.

Browse by Category

  • Business Unlimited
  • Feature
  • Insurance
  • News
  • OIL & ENERGY
  • Pension
  • Travel
  • Uncategorized

Recent News

Omosehin

Growing Economy, Collaborative Regulatory Synergy Takes Centre Stage

September 17, 2025
Rex Insurance Chairman Calls For Stronger Insurance And Pension Frameworks For Economic Acceleration

Rex Insurance Chairman Calls For Stronger Insurance And Pension Frameworks For Economic Acceleration

September 17, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 BusinessPost

No Result
View All Result
  • Home
  • Insurance
  • Business Unlimited
  • OIL & ENERGY
  • Feature
  • News
  • Contact Us
  • About
  • Advertise
  • Privacy & Policy

© 2023 BusinessPost

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In