NIA tasks insurers on technology investment

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The Nigerian Insurers Association (NIA) has called on underwriting firms in the country to invest more in technology tools to accelerate insurance acceptance among Nigerians.

Speaking at the Insurance Meets Tech conference with the theme: ‘Unlocking Policy and Tech Bottleneck Hindering Disruptive Insurance Penetration,’ the President of NIA, Olusegun Omosehin, said despite the current inflation and inadequate infrastructure challenges in the country, insurers must embrace technology to drive growth.

Omosehin said in an era that is defined by rising technology advancements and digital disruptions, the insurance industry has remained resilient and strong despite the economic headwinds. IRETI, a health-tech startup that helps women bridge the gap and manages breast cancer, has emerged winner of the Wema Bank’s Hackaholics 4.0.

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