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This robust conversation was held at the inaugural Nigerian Insurers Association Insurance Innovation Lab Demo Day held on the 9th of December, 2025 at Victoria Island, Lagos. ------------------------------------------------------------------------------------------- Nigeria’s insurance industry is at a critical turning point, with NIIRA 2025 and NAICOM’s digital compliance directives pushing the market toward unified data standards, interoperable systems, and transparent digital processes. Yet without shared rails—such as industry-wide eKYC, claims data exchange, and common APIs—the sector cannot truly scale digital insurance. This panel session, held during the NIA Innovation Lab Demo Day, explores the essential digital foundations the industry must prioritize now and how the Nigerian Insurers Association (NIA) Innovation Lab is already advancing this vision by co-creating practical solutions with insurers, developing industry-wide prototypes, and demonstrating what a collaborative digital future for insurance can look like. Speakers Adetola Adegbayi - Founder, Mutual Specialists & Chair, NIIRA 2025 Digitalization Working Group Abel Adebayo - Head, Information Technology at SanlamAllianz Nigeria Lekan Oguntunde - Head of Information Technology at Sovereign Trust Insurance Limited Rashidat Adebisi - Ex Country Manager at AXA Nigeria Adedamola Oloko - Chair of NIA Innovation Lab Sub-Committee (Moderator) Hello Damola & Folumy here! Send us a quick text, comment or feedback. We would love to hear from you Check out our free resources on InsurTech ecosystem and innovation in the African Insurance space here https://linktr.ee/insurtechbusinessseries Join our IBS community on LinkedIn, Twitter, Instagram

In this exclusive Financial Inclusion Week 2025 feature episode of the IBS Podcast, we sit down with Liza Maru-Chelimo, an actuary and Head of Innovation at Britam Connect, to explore how one of East Africa’s leading insurers is rewriting the rules of inclusion. From her journey as a young actuary with a love for problem-solving to leading Britam’s innovation arm, Liza shares how Britam Connect evolved into a stand-alone InsurTech entity driving “profit with purpose.” We unpack how Britam Connect is reaching 4.5 million lives, their groundbreaking parametric flood insurance, and a maternal health program redefining value-based healthcare. Liza also opens up about the lessons of innovation — failing fast, building sustainable models, and the power of partnerships in expanding access to insurance. Key Topics: Inclusive Insurance and Financial Inclusion in AfricaBritam Connect’s transformation into a stand-alone InsurTechParametric Insurance for climate resiliencePublic-private collaboration for scaleThe future of InsurTech in AfricaThis conversation reveals why Britam Connect is at the forefront of Africa’s inclusive insurance revolution—and why their story matters for the future of financial protection on the continent. Hello Damola & Folumy here! Send us a quick text, comment or feedback. We would love to hear from you Check out our free resources on InsurTech ecosystem and innovation in the African Insurance space here https://linktr.ee/insurtechbusinessseries Join our IBS community on LinkedIn, Twitter, Instagram

This bonus episode of the InsurTech Business Series Podcast takes you inside a special session from the IBS Insurance Innovation Roundtable. As Nigeria rolls out Open Banking (August 2025) and NAICOM introduces its InsurTech guideline (August 2025), the conversation around regulation, data, and customer-centric innovation has never been more important. Moderated by Suzanna Prophecy Daniel (Head of Marketing Communications, MyCoverGenius), this fireside chat features Yinka Edu (Partner, Udo Udoma & Belo-Osagie) and Unyime Tommy (Managing Partner, Assuredly). Together, they explore how Open Banking can unlock new opportunities for insurers—transforming customer engagement, powering smarter products, and driving industry growth. A timely conversation on how insurance can plug into Nigeria’s fast-evolving financial ecosystem. Hello Damola & Folumy here! Send us a quick text, comment or feedback. We would love to hear from you Check out our free resources on InsurTech ecosystem and innovation in the African Insurance space here https://linktr.ee/insurtechbusinessseries Join our IBS community on LinkedIn, Twitter, Instagram

This was a Keynote Speech by Bente Krogmann CEO of mTek Services, an InsurTech in Kenya driving insurance technology Platform as a Service. This speech was given as part of the 2022 InsurTech Business Series Conference #IBSConference held on the 10th of December, 2025. Hello Damola & Folumy here! Send us a quick text, comment or feedback. We would love to hear from you Check out our free resources on InsurTech ecosystem and innovation in the African Insurance space here https://linktr.ee/insurtechbusinessseries Join our IBS community on LinkedIn, Twitter, Instagram

The IBS Insurance Innovation Roundtable has become a convening ground for leaders across Nigeria’s insurance ecosystem—insurers, InsurTechs, regulators, brokers, investors, and enablers—to engage in open, constructive dialogue on the future of insurance. The Roundtable emerged from the need to bridge the persistent disconnect between traditional insurance players and the innovation ecosystem. IBS Roundtable is an initiative of Grye and has been greatly supported by MyCover.ai & Nigerian Insurers Association (NIA) This summary was done by Google's NotebookLM Hello Damola & Folumy here! Send us a quick text, comment or feedback. We would love to hear from you Check out our free resources on InsurTech ecosystem and innovation in the African Insurance space here https://linktr.ee/insurtechbusinessseries Join our IBS community on LinkedIn, Twitter, Instagram

In this episode of IBS Podcast, we sit down with Festus William Amoyaw, Co-Founder of FigTech, a rising InsurTech startup out of Ghana that’s taking a bold approach by focusing on life insurance—a space often overlooked. FigTech isn’t following the crowd. Instead of targeting the more popular health or motor segments, they’ve built a platform aimed at improving access to life insurance and other financial services products like Pension and Investment.  In this chat, we explored: Why they chose life insurance and what makes it a powerful yet underserved marketHow they started and the challenges of partnering with traditional insurersThe funding hurdles faced as a young startup in a niche space4-year wait to get the National Insurance Commission (NIC) of Ghana's approvalTheir Commitment to closing the protection gap in Ghana and beyondThis conversation offers real insight into the grit, vision, and strategic thinking required to innovate in underserved markets like Ghana. It does also paint vivid picture of opportunity that exist for #InsurTechinAfrica Hello Damola & Folumy here! Send us a quick text, comment or feedback. We would love to hear from you Check out our free resources on InsurTech ecosystem and innovation in the African Insurance space here https://linktr.ee/insurtechbusinessseries Join our IBS community on LinkedIn, Twitter, Instagram

We’re continuing in the year with an insightful discussion featuring two leading voices in the #InsurTech space speaking on the State of Insurance & Innovation on the African Continent. Rahab Kariuki, Engagement Director at Busara, agronomist, and seasoned insurance professional with over a decade of experience across Africa. Her perspective? “The industry is moving.” But where exactly is it headed, and how can innovation steer its course?  Dr. Ikpeme Neto, Founder/CEO of Wellahealth, sheds light on the numerous untapped opportunities within the insurance industry. But how can we recognize and harness these opportunities in a constantly evolving landscape?   In this episode, we cover:   The trends shaping the future of #InsurTechinAfrica  Why Africans do not buy InsuranceHow innovation is driving inclusive and accessible insurance solutions   Embracing momentum and navigating the industry’s growing ecosystem  Whether you're a seasoned professional or new to the industry, this conversation is filled with practical insights and forward-thinking ideas to inspire fresh perspectives.   Hello Damola & Folumy here! Send us a quick text, comment or feedback. We would love to hear from you Check out our free resources on InsurTech ecosystem and innovation in the African Insurance space here https://linktr.ee/insurtechbusinessseries Join our IBS community on LinkedIn, Twitter, Instagram

Quickfire Questions for Rahab Kariuki & Dr. Ikpeme Neto AI, big data, blockchain, super apps—hype or reality?Let’s say you had a magic wand and could instantly fix one thing in Africa’s insurance industry—what would it be?Which African country will lead in insurance innovation by 2030? The most important tech for the future of InsurTech? If you could describe your work in one word, what would it be? Hello Damola & Folumy here! Send us a quick text, comment or feedback. We would love to hear from you Check out our free resources on InsurTech ecosystem and innovation in the African Insurance space here https://linktr.ee/insurtechbusinessseries Join our IBS community on LinkedIn, Twitter, Instagram

On this episode Folumy had the pleasure of chatting with the new General Manager, aYo Nigeria Nkiruka Okere on her career and journey into insurance, her mission for aYo in Nigeria and the interesting dynamics of their strategic partnership with Sanlam and MTN Nigeria. Nkiru describes herself as a customer-centric leader on a mission to help Nigerians get access to simple and affordable insurance coverage. Hello Damola & Folumy here! Send us a quick text, comment or feedback. We would love to hear from you Check out our free resources on InsurTech ecosystem and innovation in the African Insurance space here https://linktr.ee/insurtechbusinessseries Join our IBS community on LinkedIn, Twitter, Instagram

Cube Cover recently held its launch event and hosted a timely discussion on insurance accessibility, challenges, lessons, opportunities and what the future holds. In this episode, Deji Macaulay CoFounder/CEO of Cube Cover sat alongside A’isha Mumuni, Chief Digital Officer at MTN Nigeria, Jumoke Odunlami, Chief Distribution Officer at AXA Nigeria and Habib Kowontan, Group Head, Wealth Products at PalmPay on a panel moderated by Damola Oloko to touch on the practical realities of solving financial inclusion, insurance adoption and penetration via mobile platforms like Telecommunications and Mobile Apps. Key Takeaways Mobile offers a very huge opportunity for driving insurance adoption with Mobile Network Operators (MNOs), mass market Fintech players being key players. Nigerians want insurance but barriers like education, long processes, high pricing & lack of Trust make it difficult to get one.Strategic partnership, collaboration is not negotiable in the drive to ensure more Nigerians have the protection, financial cushion they need when risk occurs.Micro-insurance plans are best for mass market approaches and mobile agent networks offer opportunity to make insurance not only more accessible but also relevant to everyday needs.This episode is sponsored by Cube Cover; an InsurTech startup on a mission to revolutionize insurance accessibility by seamlessly embedding innovative, affordable microinsurance solutions into everyday digital platforms. Hello Damola & Folumy here! Send us a quick text, comment or feedback. We would love to hear from you Check out our free resources on InsurTech ecosystem and innovation in the African Insurance space here https://linktr.ee/insurtechbusinessseries Join our IBS community on LinkedIn, Twitter, Instagram

In this episode, we sit down with Temitope Adeyemi, co-founder and CEO of Pay-U, a Nigerian startup revolutionizing the auto insurance industry through a flexible, pay-as-you-use model.  Described as the Uber of Comprehensive Motor Insurance, Temitope shares his personal inspiration behind Pay-U’s creation, the challenges of making insurance accessible to all, and the innovation that set the platform apart.  We also explore the evolving InsurTech landscape in Africa and what the future holds for Pay-U as it continues to empower drivers with affordable, on-demand coverage. Hello Damola & Folumy here! Send us a quick text, comment or feedback. We would love to hear from you Check out our free resources on InsurTech ecosystem and innovation in the African Insurance space here https://linktr.ee/insurtechbusinessseries Join our IBS community on LinkedIn, Twitter, Instagram

Welcome to Season Two! On the first episode of this new season we host a conversation with Jeremy Leach who is the Founder & Executive Director of Inclusivity Solutions; a leading #InsurTechinAfrica focused on micro and embedded insurance offerings to African customers. Join us to learn about Jeremy's journey into insurance and the evolution of Inclusivity over the years. This work also saw them win the Fintech & E-Commerce Award at  Viva Tech Africa Tech Awards 2024. Since this episode was dropped, Inclusivity has announced that they have served over 3 million customers across the markets they play. Hello Damola & Folumy here! Send us a quick text, comment or feedback. We would love to hear from you Check out our free resources on InsurTech ecosystem and innovation in the African Insurance space here https://linktr.ee/insurtechbusinessseries Join our IBS community on LinkedIn, Twitter, Instagram

We are gearing up for fresh conversations in season two of InsurTech Business Series Podcast.  Subscribe now and join our community Hello Damola & Folumy here! Send us a quick text, comment or feedback. We would love to hear from you Check out our free resources on InsurTech ecosystem and innovation in the African Insurance space here https://linktr.ee/insurtechbusinessseries Join our IBS community on LinkedIn, Twitter, Instagram

This is a panel session from the first-ever #IBSConference in 2022 moderated by the new Deputy Commissioner for Insurance in Nigeria  (Technical) Ekerete Ola Gam-Ikon and featuring Richard Leftley ( Founder, Wavu), Sam Baddoo (Founder/CEO, Fleri), Eunice Maina (Founder/CEO, Bismart) and Opeyemi Osiyemi (Co-Founder, Claimsify). Hello Damola & Folumy here! Send us a quick text, comment or feedback. We would love to hear from you Check out our free resources on InsurTech ecosystem and innovation in the African Insurance space here https://linktr.ee/insurtechbusinessseries Join our IBS community on LinkedIn, Twitter, Instagram

Our guest, Adebowale Banjo is the Co-Founder of MyCover.ai is a serial entrepreneur who has been in the InsurTech space far longer than many in the space today. He was General Manager of the first InsurTech startup in Nigeria; AutoGenius, a business that he described as being way ahead of its time. In this episode, he shares insights into the pressing challenges within the insurance industry, particularly in the dynamic African market and the critical role of tech infrastructure will play in shaping the future landscape of insurance accessibility and relevance, ultimately paving the way for greater financial inclusion and security across Africa. It is on this premise that MyCover.ai was born and its what continues to drive their growth and expansion. Hello Damola & Folumy here! Send us a quick text, comment or feedback. We would love to hear from you Check out our free resources on InsurTech ecosystem and innovation in the African Insurance space here https://linktr.ee/insurtechbusinessseries Join our IBS community on LinkedIn, Twitter, Instagram