Enterprise Life Assurance Company (Nigeria) Limited has reaffirmed its commitment to driving innovation and financial inclusion in Nigeria’s insurance industry through its active participation at the fourth edition of Insurance Meets Tech (IMT 4.0), held on Thursday, September 18, 2025, at the Balmoral Event Centre, Sheraton Ikeja, Lagos.
The event welcomed high-stakes conversations on the future of the insurance industry, with distinguished attendees including the Chairman, Nigerian Insurers Association (NIA), Kunle Ahmed; President, Chartered Insurance Institute of Nigeria (CIIN), Mrs Yetunde Ilori; Deputy Commissioner for Insurance, Mr. Ekerete Ola Gam-Ikon; the President of the Professional Insurance Ladies Association (PILA), Mrs. Abimbola Onakomaiya; alongside top CEOs and executives across the financial services and technology sectors.Speaking at the event, the CEO of Enterprise Life Nigeria, Mr. Nelson Akerele, signalled the urgent need for innovation to drive growth and sustainability in the industry.
He said, “Innovation has come to stay, and for our industry, if you don’t innovate, you risk extinction in no time. The best time to start was yesterday, but if not, then begin immediately.
The Nigerian Insurance Industry Reform Act has already established the platform, prompting us to digitalize processes and make insurance more accessible and customer-friendly.
With a population of over 230 million and insurance penetration still below 1% of GDP, the opportunities before us are enormous.
Once we can guarantee value, capital and partnerships will follow, and ideas will be incubated into solutions that truly address the needs of Nigerians”.
The event also showcased discussions on embedded protection, lifestyle-based micro-insurance, intelligent pricing, and the digital infrastructure required to scale distribution..
Speakers emphasised the importance of collaborative approaches among regulators, insurers, fintechs, telcos, and healthtechs to develop systems that are efficient, transparent, and customer-centric.
In his remarks, the Convener of IMT, Mr. Odion Alebiosu, reflected on the platform’s growth and why the conference matters now more than ever.
He said, “We wanted to create a platform where insurance would not only meet technology, but also embrace it, shape it, and use it to serve our people better.
Today, that vision has become a movement, and the numbers tell the story.
With over 60% of Nigerians being millennials and Gen Zs, more than 100 million online and 140 million using smartphones, the tribe we are building for is young, connected, entrepreneurial, and impatient.
If insurance is to matter to them, it must not only innovate, it must innovate with them.
”Beyond the high-level conversations, IMT 4.0 also created space for vibrant engagement among the next generation of innovators.
A simultaneous youth-focused program granted young professionals and students the ultimate platform for networking.
They connected with industry executives, interacted with leading brands, and gained fresh insights into the new curves reshaping insurance and technology.
Enterprise Life Nigeria is proud to be at the heart of this transformation, championing a future where innovation delivers genuine value to customers and society as a whole.
Enterprise Life Champions Innovation in Insurance at Insurance Meets Tech 2025