By Chiamaka Ajeamo, [email protected] 08060655687
The Managing Director/Chief Executive Officer, NEM Insurance Plc, Mr. Tope Smart, is one of the quintessential leaders in the Nigerian and African insurance industry.
With over two decades experience as a CEO, Smart has built a proven track record of successes by playing a huge part in the transformation and advancement of the insurance industry.
Currently serving his tenure as the President of the African Insurance Association (AIO), Smart in this interview with Daily Sun talks about the success of the just concluded AIO conference, his agenda for the organisation, insurance penetration and other matters.
Take us through your agenda as the president of the AIO
I set out a 5-point agenda to be accomplished during my presidency. The achievement of this agenda for the next one year will ultimately lead to the increase in penetration rate in Africa which is the overall objective of this agenda. The agenda focuses on: increased customer awareness, adoption of digitalisation, collaboration among markets, collaboration with governments and regulators; and increased level of consumer trust.
In 2019, insurance penetration rate in Africa stood at 2.98 per cent, whereas global average penetration rate stood at 7.23…