Insurance practitioners set for IMT in September 2023

By Favour Nnabugwu

 

 

 

Insurance practitioners are set for Insurance Meet Tech (IMT 2.0) @ at a conference slated to hold in Lagos by September 2023

In a statement by Modion Communication, IMT Conference and Tradeshow Director, Precious Ubah, the event will feature 50+ Speakers, 20+ Demos and Masterclasses, and about 3,000 participants expected to grace the tradeshow.

She added that IMT2.0 slated to hold on September 28 and 29, 2023, would converge policymakers, regulators, keynote speakers, and sector leaders in six robust panel discussions. There will be VIP and Delegates Lounges, Water-front Exhibitions, Masterclasses and Demo Day Hubs to share ideas and innovative solutions for leveraging technology to drive insurance penetration and improve the insurance industry’s efficiency and effectiveness.

Thought leaders and regulators at the events would share comprehensive insights on data analytics and artificial intelligence that will bolster product development, improve underwriting and claims management processes, help curate cyber security risks, and define the role of web aggregators in the industry’s value chain.

“We are excited to bring together the brightest minds from both insurance and technology to explore how these industries can collaborate for mutually beneficial outcomes. The registration process promises to be seamless and user-friendly, ensuring that interested individuals and organisations can easily join this transformative gathering.

“We therefore urge prospective delegates to register early and secure their spots by taking full advantage of the opportunity of the early-bird offering ahead of the event that promises rich networking opportunities with thought leaders, pioneers and peers in the ecosystem,” Precious Ubah added.

Also commenting, the Convener, INSURANCE MEETS TECH, Odion Aleobua, stated, “Insurance Meets Tech is more than just a meeting place for institutional stakeholders, industry professionals and innovators in the Life, General, Health Insurance, Insurtech, and other allied sectors. It is a crucible for innovation, where cutting-edge solutions would significantly impact the actualisation of Nigeria’s holistic financial inclusion target,” he added.

A.M. Best moves WAICA Re from bb+ to B rating

By Favour Nnabugwu

 

 

 

AM Best has confirmed Waica Re’s financial strength rating of “B” (fair) and its long-term credit rating of “bb+”. The outlook for the former is stable, while it is negative for the latter.

The Sierra Leone reinsurer’s ratings are no longer “under review with negative implications”. The negative outlook on the long-term credit rating reflects the pressure exerted on the company as a result of its high exposure to investment risks in Ghana.

The rating agency praised WAICA Re’s strong operating performance, which was evidenced by a five-year average combined ratio (2018-2022) of 87.9 percent and a return on equity (ROE) of 15.3 percent