All is set for the 2023 edition of the Almond Insurance Industry Awards & Consumers’ Nite.

The annual event that brings top entertainers and insurance elites together is slated to hold on Friday 3rd of November 2023 at the Queens Park Events Center Water Corporation Drive/Trinity Avenue off Ligali Ayorinde Street Victoria Island Lagos.

The Almond Insurance Industry Awards and Consumers’ Nite which started in 2018 is aimed at rewarding the “Can do Spirit” of the men and women in the various arms of the industry who strive daily to sell insurance either to Individuals or Corporate entities in Nigeria despite the myriad of challenges and obstacles they face year on year. Yet they still forge ahead to underwrite huge businesses by way of Gross Premium Income (GPI).

The Managing Director/Chief Executive Officer, Almond Productions Limited, Faith Ughwode, in a statement yesterday, said this is the first time every arm of the industry will be covered in twelve awards categories since the awards was instituted in 2018.

The 12 categories of the awards, according to her include: 1.Life Insurance Company of the year; 2.General Insurance Company of the Year; 3.Reinsurance Company of the Year; 4.Insurance Broking Company of the Year; 5.Loss Adjusting Company of the Year; 6.Micro/Takaful Insurance Company of the Year; 7.Insurance CEO/Personality of the Year; 8.Reinsurance CEO/ Personality of the Year; 9.Insurance Broker of the Year; 10.Trade Association of the Year; 11.Insurance (Life) Achievers Award of the Year and 12.Insurance Brokers (Life) Achievers Award of the Year.

To ensure the integrity and transparency of the Awards, the organizers have assembled some of the finest Professionals who have served in various capacities within and outside the country as the Awards Panel of Judges.

Members of the panel of judges are Ms. Prisca Soares, the immediate past Secretary General of the African Insurance Organisation (AIO) Chairman;  Dr. Jide Fadun, Risk Management and Insurance Specialist, Senior Lecturer , Department of Actuarial Science and Insurance   University of Lagos; Mrs. Mrs. FunmiOmokhodion, Reinsurance Specialist. Former Regional Director. West Africa Region Office, Africa Reinsurance Corporation (2017-2020)

Others include Mr. ObinnaChilekezie, Insurance Expert/Researcherone time Head of Research and Statistics, Nigerian Insurers Association (NIA) and Mr.ObasholaAlo, Group Head Financial Risk/Insurance Dangote Group.

The MD/CEO said in the statement that apart from the highly accomplished panel of judges, the Awards Nite this year will be graced by dignitaries from different walks of life some of whom she said will be guest presenters to winners in the various categories.

The statement quoted the Chairman of the panel of judges, Ms Prisca Soares as saying “I believe strongly that the Nigerian Insurance Industry can be opened – up through Pop-Culture and Technology popularly known as insurtech”.

“Nigeria’s current demographic data shows that the Generation Z (Gen Z) makes up 40-50% of our population with disposable income. To attract these block of people to the insurance industry either as employees or Consumers of Insurance Products and Services, requires intentional social platforms that resonate with them.

“For so long, the conventional norm for pushing insurance conversations into the public domain has been through conferences and seminars. Whilst this may have worked for a segment of our population, especially policymakers, we believe there is a sweet spot in using Pop-Culture as a means of changing people’s views and increasing the acceptance of insurance. That is the essence of the Awards and Consumers’ Nite.

“Corporate Sponsorship for Commercial Exposure with Entertainers is the new normal for the 21st century business leaders. We are inviting Insurance Industry front-liners to come on board this train to further enhance their presence in the financial service eco-system. For reference purposes, banking giants like GTB and UBA have perfected the art of engaging their customers in the public through social platforms (with Entertainers) such as the GTB Fashion Hub, Food and Drinks Festivals as well as the UBA Market Place. These are mega events that draw new customers into the banking system annually.

“Whilst the insurance industry may not have the financial strengths of the banking sector, they must take baby steps in exploring Pop-Culture as they cannot afford to be left behind in the drive to deepen financial inclusion because they are a critical equation in the mix,” the statement stated.

Nominations in the various categories, the statement added, will open on the 31st of July 2023.

For additional information on the Awards please go to the website: https//almondinsuranceindustryawards.com