Our Reporter
The Chairman, Sovereign Trust Insurance Plc, Mr. Oluseun O. Ajayi has lent his voice to the discourse on the future of insurance practice.
Ajayi, also the pioneer Managing Director, spoke at an interactive session to mark the 25th Anniversary of the underwriting firm in Lagos.
He stated that technology, and specifically, insure-tech is the way to go in driving the business of insurance in the country.
He said the number of Nigerians were yet to be captured in the insurance net far outnumbered those enjoying insurance service.
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He said: “Operators in the insurance market space are yet to take optimal advantage of the tele-density in the country both in the urban and rural areas in pushing the frontiers of their products and services to Nigerians, far and near.
“Managers of insurance business in Nigeria should consciously and deliberately invest in robust Information Technology apparatus that will assist in providing top-notch service delivery to their customers, home and abroad.”
He alluded to the statement made by the Acting Commissioner of Insurance, Dr. Sunday Thomas of NAICOM, that the Commission would ensure that insurance would be digitalised from this year.
He noted that the initiative is a right step in the right direction, if properly implemented.
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