The Chairman of Rex Insurance Limited, Mr. Ike Chioke, has called for greater collaboration among stakeholders, increased public awareness, and sustained regulatory innovation
to ensure the continued impact of reforms in the insurance and pension sectors.
Chioke, who is also the Group Managing
Director (GMD), Afrinvest Limited, was the Special Guest at the annual Conference of Nigerian Association of Insurance and Pension Editors (NAIPE) held on Tuesday in Lagos.
The theme of the conference was “Strengthening Insurance and Pension Frameworks for a Better Economy”.
Speaking at the event, Chioke emphasised the need to strengthen the frameworks to ensure long-term economic stability and financial inclusion.
Chioke, who was represented by Mr. Victor Ndukauba, Group Deputy Managing Director, Afrinvest Limited, commended the Association for its role in advancing public understanding of the insurance and pension sectors.
“The work of NAIPE in demystifying industry practices and promoting awareness has contributed
immensely to the growth of these vital sectors,” he said.
According to Mr. Chioke, “Insurance and pensions as “twin pillars of financial security that not only protect against risks, but also mobilise long-term capital and foster sustainable growth. They are not mere financial products; they are the backbones for a
resilient economy,” he noted.
To transform these sectors into engines of economic growth, we must strengthen their frameworks at all levels, he further added.
Noting that immense progress has been made by the insurance and pension sectors of the economy, he acknowledged the need to address emerging challenges around ESG integration, AI, cybersecurity, and the evolving dynamics of work, including the gig economy.
He also congratulated NAIPE on its 10th
anniversary and expressed optimism that the Association will continue to play a vital role in shaping the future of Nigeria’s financial services landscape.
This esteemed event had in attendance industry professionals, stakeholders, regulators, corporate communications professionals and members of the public, who came together to celebrate the achievements of NAIPE and promote collaboration and unity within the insurance and pension sectors.
Among the people who graced the occasion were the Former Commissioner for Insurance, Mr. Sunday Thomas, Commissioner for Insurance, Mr Olusegun Omosehin, Director-General National Pension Commission, Ms Omolola Oloworaran, the Managing Director of Rex
Insurance, Mrs. Ebelechukwu Nwachukwu and the Executive Director, Business
Development, Mr. Sunny Uwagboi.
