By Favour Nnabugwu
The Africa Insurance Organisation(AIO) has collaborated with the Nigerian Insurers Association (NIA) to build a strong market structure to benefit from African Continental Free Trade Area (AfCFTA).
The President, AIO, Tope Smart, on a courtesy visit to the association, said AfCFTA remains the market booster for the benefit of insurance consumers in the African market.
He stressed that there is a need for the Nigerian insurance market to upscale its digitisation programme to fast-track penetration.
According to him, the meeting with the Nigerian market is the beginning of AIO’s engagement with Key Markets in Africa to increase Insurance penetration in the region.
“As part of the engagement, we shall also be meeting with governments and regulators across the region to share with them their roles in market penetration, Smart added.”
He expressed his gratitude to the market for hosting a very successful conference.
He also applauded the market for their support at the investiture ceremony where he became the 47th President of AIO and vowed not to disappoint them.