Insurance experts canvass tech adoption to deepen penetration

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Insurance experts have called on underwriting firms to take advantage of technological innovation to drive product penetration for increased contributions to the economy.

The need for deeper technology adoption in product management was one of the issues raised by experts, who gathered at the second edition of ‘Insurance Meets Tech’ with the theme: “Unlocking…

However, they posited that the only way to deepen insurance penetration in the country is to make it accessible, dependable, and affordable to subscribers, but stressed that technology will be crucial in achieving that. To the Chief Digital and Innovation Officer, AIICO Insurance, Olusanjo Shodimu, insurance and insurtech partnership cannot be over-stressed in a bid to deepen penetration. He said that the power of technology behind Etap is helping to reach out to customers all over the world through technology.

. Poor succession plans, ESG seen as major challenges Stakeholders have stressed the need for family businesses to succeed and transcend generations as they contribute nearly $200 billion to the nation's economy yearly. This is even as they accounted for millions of jobs in the country. The stakeholders stated this yesterday in Lagos at a…

 

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