INSURANCE & ICT STAKEHOLDERS SET TO BUILD PARTNERSHIP TO BOOST THE ECONOMY


A strategic synergy is about to be formed between Information and Communication Technology (ICT) stakeholders and their counterparts in the insurance sector as both would champion discussions aimed at boosting the economy in a conference tagged e-insurance conference.



The event which holds in Sheraton Hotels Ikeja, Lagos, mid- March is also expected to generate ideas on how to use ICT to drive insurance penetration in Nigeria and develop appropriate framework for implementing such ideas.


With the theme: “Driving Insurance Penetration with Information and Communication Technologies”, the conference is designed to bring together corporate organisations, ICT experts, insurance experts, academia, consumers of insurance products and regulators of both ICT and Insurance industries, for that major purpose of discussing how to use technology to deepen insurance penetration in Nigeria.

The conference is being organised by frontline Internet Service Providers, Pinet Informatics Limited in collaboration with major stakeholders in Insurance and ICT industries.

Managing Director of Pinet Informatics, Engr. Lanre Ajayi, explained that the   event   will   bring together   practitioners in the insurance industry and that of Information   and Communication   Technology   to   share   experiences,   brainstorm,   network, and conclude deals.

According to him, the   Insurance   industry   is   a   vital   part   of   the   Nigerian   economy   but   the   industry   is   not   living   up   to   its full   potential.


 “There are   less   than 1.5 million insurance policy holders in Nigeria out of a population of 170 million,   which translates to 0.9 per cent insurance penetration.

 When compared to   23 per cent   bank   accounts   penetration, 105 per cent of telephone penetration and 55 per cent of Internet penetration,   then, there   is   a   lot   of   room   for   improvement in the insurance industry and this could be achieved by deploying the right technology”, Ajayi added.

He expressed belief that “the Nigerian insurance industry can be turned around if the industry transit to a technology driven one, the same way the banking industry got transformed through the infusion of information and communication technology in its service delivery processes,” he said.


INSURANCE & ICT STAKEHOLDERS SET TO BUILD PARTNERSHIP TO BOOST THE ECONOMY INSURANCE & ICT STAKEHOLDERS SET TO BUILD PARTNERSHIP TO BOOST THE ECONOMY Reviewed by Review Rites on 14:57 Rating: 5

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