Worried by the poor insurance penetration in Nigeria, stakeholders in the industry have demanded that greater investment be made in the acquisition and deployment of new technologies to increase insurance penetration. In the last three decades, insurance penetration in Nigeria has remained at an abysmal one per cent, owing to several factors. But Africover247 Digital Platform launched at the weekend by AfriGlobal Insurance Brokers Limited has set the space in the industry. xThe Managing Director/ Chief Executive Officer, AfriGlobal Insurance Brokers Limited, Casmir Azubuike, said that the insurance industry is undergoing transformation and must prevent disruptions. The Executive Secretary of the Nigerian Council of Registered Insurance Brokers (NCRIB), Tope Daramola, said technology was the way to go, commending the management of AfriGlobal for the initiative.

Source: The Guardian July 12, 2021 01:41 UTC