By NIYI JACOBS
The National Insurance Commission (NAICOM) has set an ambitious target to increase the number of insurance agents from 50,000 to 3 million, to drive insurance penetration and deepen sector growth. Commissioner for Insurance, Olusegun Omosehin, made this known during a visit to the Association of Registered Insurance Agents (ARIAN) in Lagos.
Omosehin noted that Nigeria’s population of over 230 million cannot be effectively served by the current number of active insurance agents. He pledged to work closely with ARIAN to increase the number of agents to 300,000 by the end of 2024 and ultimately reach 3 million. This move is aimed at replicating the success of other nations where insurance agents act as catalysts for growth.
ARIAN National President, Olakunle Odewunmi, appreciated the recognition of agents’ roles in the insurance value chain and highlighted challenges faced by agents, including licensing and fake agents. The Commissioner promised to address these challenges, including resolving licensing issues by next month, and urged agents to uphold ethics and professionalism.
Sanlam Nigeria Delights Policyholders with Fun-Filled Children’s Day Celebration
Sanlam Nigeria, a leading financial services player, hosted a thrilling Children’s Day fun fair for select policyholders and their families in Lagos. The event, tagged Sanlam Children’s Day Fun Fair, aimed to celebrate beneficiaries of their flagship Flexible Education plan (FlexiEdu) and their parents.
The Sanlam FlexiEdu plan ensures policyholders of their children’s education, come what may. Available in two variants, FlexiEdu and FlexiEdu Plus, the plan has excited policyholders with its inherent benefits.
Tunde Mimiko, MD/CEO, Sanlam Life Insurance Nigeria Limited, reiterated the company’s commitment to adding value to Nigerians’ lives, empowering generations to be financially prosperous and confident. He announced that the event would become an annual appreciation for policyholders who invest in their children’s education.
Policyholders praised the event, describing it as fun-filled, classy, and memorable. Sanlam Nigeria, a pan-African brand with a rich history, delivers superior value to customers, shareholders, and society. With a strong presence in 33 African countries, Sanlam is Africa’s largest non-banking financial services group.
