Coscharis Motors Limited, a leading brand in the Nigerian automobile industry, has partnered with AIICO Insurance Plc to embed insurance into its automobile sales. As a result, existing and prospective customers of Coscharis will continue to enjoy premium automobile after-sales service backed with risk protection from the underwriting company, guaranteeing peace of mind at a minimal cost from the moment they purchase any vehicle of their choice.
Speaking at the launch, Mr. Abiona Babarinde, Coscharis Group’s General Manager, Marketing and Corporate Communication, “We have entered into this value-based collaboration in our quest to continuously offer the best value to our wide range of customers. With this integrated insurance package, we can guarantee our customers immediate insurance coverage at the time of car purchase across all of our showrooms, as well as a quick and stress-free claims process should the need arise.”
According to Mr. Piyush Srivastava, Head, Partnership & Alliance at AIICO, “We appreciate the trust reposed on us by the Coscharis Group, giving us this platform to bring on board our experience, expertise and capacity for underwriting this kind of business. From this partnership, Coscharis Motors’ clients stand to gain significantly. Among other backend processes in place, we have developed procedures to speed up the claims process and they would enjoy a seamless customer experience. In addition, customers are to get priority attention for necessary repairs or replacements.”
According to Gbenga Ilori, AIICO’s Head of Retail Business, “Our approach to business is built on a deep understanding of the markets we operate in. This partnership illustrates our commitment to providing solutions to the identified needs.”
AIICO Insurance Plc., is a household name in insurance and has been in the underwriting business for nearly six decades and currently ranks highest by gross written premium in the industry for two consecutive years (2020 and 2021). It provides life and health insurance, general insurance and investment management services to create and protect wealth for individuals, families and corporate customers.
Established in 1977, Coscharis Motors has been providing the Nigerian people with vehicles from a robustly diversified auto dealership comprising five luxury and two value brands: Land Rover, BMW, Ford, Rolls Royce, Jaguar, etc. These brands are showcased in its ultra-modern showrooms nationwide. In addition, the company has invested significantly in providing after-sales facilities with trained personnel across the country to make service readily accessible.
By Favour Nnabugwu
The Board of Nigeria’s foremost life insurer, African Alliance Insurance PLC has appointed Mr Sylva Ogwemoh as the new Chairman of its Board of Directors.
Sylva Ogwemoh (SAN) is an exceptional leader that has hugely impacted his industry through his contributions and participation in various committees. Some of these include: Fellow, Chartered Institute of Arbitrators, United Kingdom; Fellow, Institute of Management Consultants, Nigeria; Member, London Court of International Arbitration (LCIA African User’s Council); Panel Member, Kigali International Arbitration Centre (KIAC) and Rwanda; Member,
Others include: Lagos Court of Arbitration. Maritime Arbitrators Association of Nigeria. Negotiation and Conflict Management Group. Member, Nigerian Bar Association, International Bar Association, Nigerian Institute of Management, and Capital Market Solicitors Association of Nigeria and Registered Capital Market Practitioner, with the Securities and Exchange Commission of Nigeria
He has attended several local and international conferences in law and has delivered many papers on diverse subjects in law. He has also won various award as a testament to his prowess.
Managing Director of African Alliance, Mrs Joyce Ojemudia expressed that “The Board and management of African Alliance are excited to announce Mr. Sylva Ogwemoh as our New Board Chairman. We have confidence that under his leadership African Alliance will record great achievements”.
Incorporated in 1960, African Alliance Insurance PLC is widely regarded as the strongest life specialist in the industry. The company is adequately positioned to provide innovative and customized plans for the Nigerian market
WELCOME ADDRESS BY MR. EDWIN IGBITI CHAIRMAN OF THE INSURANCE INDUSTRY CONSULTATIVE COUNCIL (IICC) AT THE 2022 IICC MEDIA RETREAT, HELD AT GRAND INN AND SUITES, IJEBU-ODE, OGUN STATE, ON NOVEMBER 26, 2022
Distinguished Members of the IICC,
Members of the National Association of Insurance and Pension Editors,Erudite Speakers Ladies and Gentlemen, It is with great pleasure I welcome you to the 2022 IICC Media Retreat for Insurance Journalists even as I convey the goodwill of the various Arms of the Insurance Industry under the umbrella of the Insurance Industry Consultative Council (IICC) to you.
This Retreat is organised annually by the IICC to serve as a platform to engage and recognize the contributions and the key roles the media has been playing as an instrument for awareness creation and education for insurance in Nigeria. It is also a great opportunity to feel the pulse of the public through the lens of the media.
It is against this backdrop that the IICC ensures its commitment to this annual gathering remains an ever-present feature in the calendar of the industry. This forum also serves the objective of further unifying all Arms of the Insurance Industry who have come together under one umbrella, the IICC, in order to ensure unity and single-mindedness in promoting the insurance industry agenda. It is vital to state that the IICC was formed with the purposes targeted at enhancing the profile of the industry as well as boost its significance to the nation’s economic growth. The objectives include:
1. Acting as an industry voice for national matters. 2. Acting as a platform for intra industry conflict resolution. 3. Promoting the industry’s image and growth agenda. 4. To take up and assume any other role that may serve the best interest of the insurance industry. The crucial position the media plays in the economy and society at large cannot be over emphasized.
Indeed, the media poses as a veritable authority for agenda setting, public education, sensitization and awareness creation. It is in the light of the above, that the theme for this retreat “Media as Catalyst for Insurance Inclusion”, comes to limelight. The media is a powerful catalyst for social change and equally an effective tool for insurance inclusion that the industry desires.
Hence, the need to continually carry the media along with the various initiatives and developments in the industry for good coverage and projection.At this point, I like to use this opportunity to express our profound appreciation to the media for its inestimable support over the years especially, you the insurance industry Journalists who have constantly employed your expertise and in-depth knowledge about the industry to objectively report the trends and opportunities as well as enlighten the public about the values of insurance. You will agree with me that there has been growth in the industry despite the numerous economic recessions, the effects of the COVID-19 and the #ENDSARS protests which resulted into millions of claims. The insurance industry has stood as one of the most resilient and fast expanding sectors in the nation’s economy.
As the industry witness expansion, we equally need you the media to keep promoting these achievements for the good of the common goal of the industry.We are partners and we urge you all to use your reputable platforms to consistently announce the gospel of insurance and its benefits to the public so that we can attain the desired penetration rate in Nigeria. When the industry is booming from our efforts, it will also be a common joy and gain for us all. Hence, the onus is on all of us, everyone in this room and our networks beyond it to ensure that the insurance industry attains its pride of place in the economic ecosystem. At this juncture,
I would like to extend my heartfelt appreciation to all our astute speakers who will be sharing their wealth of experience with us today. I am positive we will learn a lot from their expertise.
Thank you for honouring our invitation to this retreat and implore you to take maximum advantage of the knowledge that would be shared here for the advancement of your profession as modern-day information managers.
Thank you all for your attention and God bless.Mr. Edwin Igbiti, ACII, FIIN Chairman of Council Insurance Industry Consultative Council (IICC)
The Insurance Industry Consultative Council organised a two day retreat for the Nigerian Association of Insurance & Pension Editors NAIPE for 2022 at Grand inn Hotel, Ijebu- Ode, Ogun State.
L- Director-General, Nigerian Insurers Association, Mrs. Yetunde Ilori and President Chartered Insurance Institute of Nigeria, Mr. Edwin Igbiti at the IICC seminar for Nigerian Association Insurance and Pension Editors, NAIPE at Ijebu-Ode, Ogun State
L- Director-General, Chartered Insurance Institute of Nigeria, Mrs. Abimbola Tiamiyu and Executive Secretary, Nigerian Council of Registered Insurance Brokers, Tope Adaramola at the IICC seminar for Nigerian Association Insurance and Pension Editors, NAIPE at Ijebu-Ode, Ogun Stat
L,-Dr. (Mrs.) Olufunke Oyeneye, Head of
Pharmacy, Oba Ademola Hospital Abeokuta an operator and Director-General, Nigerian Insurers Association, Mrs. Yetunde Ilori
L- Mr Davis Iyasere, Head Corporate Communication of the Nigerian Insurers Associatiin, NIA; Director-General, Chartered Insurance Institute of Nigeria, Mrs. Abimbola Tiamiyu; Mr. Rasheed Bolarinwa, Head Corporate Communications, Polaris Bank Plc, and President, Association of Communications and Marketing Professionals in Banks (ACAMB). Mr. Muda Yusuf, Former DG of Lagos Chamber of Commerce and Industry (LCCI); President Chartered Insurance Institute of Nigeria, Mr. Edwin Igbiti; Dr. (Mrs.) Olufunke Oyeneye, Head of Pharmacy, Oba Ademola Hospital Abeokuta; Director-General, Nigerian Insurers Association, Mrs. Yetunde Ilori and Executive Secretary, Nigerian Council of Registered Insurance Brokers, Tope Adaramola during the event
NAIPE members at the rvent
By Favour Nnabugwu
The Chairman of the Insurance Industry Consultative Council, IICC, Mr Edwin Igbiti has enjoined the Media to be part of the industry’s growth agenda to help deepen insurance penetration in the country.
Igbiti who is also the President and Chairman in Council of the Chartered Insurance Institute of Nigeria (CIIN) in Ijebu-Ode, Ogun State during the Welcome Dinner/Gala Night of the 2022 Media Retreat with the theme “Media As Catalyst For Insurance Inclusion” organised by IICC for the member of the National Association of Insurance and Pension Editors (NAIPE).
Igbiti described the media as critical to the industry’s growth agenda while calling on the members of NAIPE to promote and project the industry’s activities in their reports for the growth of the industry and national economy.
“We recognize the importance of the media In the growth of any industry. We know we cannot achieve our growth agenda without the media”.
“The essence of this gathering is for us as an industry to bring you together to brief you on the activities of the industry and our plans for the future.
“It is, therefore, expected that as journalists, you are to tell our stories in your reports and analyses because we are in this together and we will continue to work together as partners in progress for the progress of the industry and the growth of the national economy.
“You have been trying but we need you more. You have to project this industry in the way and manner we want it to be,” Mr Igbiti appealed.
On the performance of the industry, he said although there has been an improvement in terms of numbers, but judging from the nation’s population and demographic, insurance penetration in Nigeria is still very low which he said is caused by the high level of poverty in the country.
At the event included the representatives from the various arms of the industry namely the Nigerian Insurers Association (NIA), represented by the Director General, Mrs Yetunde Ilori; Nigerian Council of Registered Insurance Brokers (NCRIB) represented by the Deputy President, Mr Tunde Oguntade; Institute of Loss Adjusters of Nigeria (ILAN), represented by its President, Mr. Dipo Olanrewaju.
Others who graced the occasion included the DG, CIIN Mrs Abimbola Tiamiyu; Executive Secretary/CEO, NCRIB, Mr Tope Adaramola; Assistant Director, Corporate Communications & Human Resources/Administration, NIA, Mr Davis Iyasere, among others.
The IICC was inaugurated in 2013 to act as the unifying voice of the insurance industry, representing it on national issues affecting the insurance industry, taking up and assuming other roles that would serve the best interest of the industry in Nigeria and providing lasting solutions to challenging issues within the insurance sector.