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Leadway Group Trains Nigerian Journalists On Financial Reporting

Leadway Group Trains Nigerian Journalists On Financial Reporting - Oriental  News Nigeria Leadway Group, has provided comprehensive upskilling for insurance, pension, and brand journalists in its commitment to enhancing the understanding of financial inclusion and wellness.

The training was designed to improve the quality, depth, and accuracy of media reportage of non-banking financial services coverage, ultimately strengthening the connection between the financial industry and the media.

 

 

The Leadway Group, through its in-house experts from its associate companies, including Leadway Assurance, Pensure, Health, Asset Management, and Trustees, put together the capacity-building sessions as part of its broader strategy of equipping media professionals with the right tools to shape narratives and communicate insurance, pension, asset management, trustees, and healthcare management stories with clarity, responsibility, and confidence.

 

Speaking at the training, Mr. Babatunde Lamina, Benefit Processing Specialist at Leadway Pensure, delivered an insightful session on the pensions subsector, specifically Additional Voluntary Contributions (AVCs).

 

 

He explained that “AVC, an added contribution into an individual’s Retirement Savings Account (RSA), benefits professionals optimally, towards a more secure financial future.”

 

He added that the AVC can be up to one-third of the contributor’s salary but not more. It’s vital to inform your employer before opting in.

 

This scheme also accommodates retirees, contract workers, political appointees, and expatriates.

 

Addressing the often-misunderstood insurance claims process, Mr. Adekanmi Adelakun, Team Lead, Financial Exposure, Casualty and Liability Claims at Leadway Assurance, walked participants through the end-to-end claims’ lifecycle, from documentation to eligibility and notification channels. He stated, “The claims process is our ‘shop window’, the lens through which our customers view us. It is imperative for policyholders to understand the type of coverage they own.”

 

From a regulatory standpoint, Mrs. Temidayo Olugbesan, Compliance Lead at Leadway Assurance, reviewed recent developments in the regulatory landscape. She said, “The insurance sector will continue to evolve andregulations are being designed to protect policyholders and ensure compliance across the board. Awareness and adaptation are key for all stakeholders.”

 

Eniola Odukale, Sales Executive, International Retail & SME at Leadway Health, spotlighted the company’s health offerings and rapidly expanding healthcare partnerships. She said, “Leadway Health is customer-centric at its core. With over 2,500 hospital partnerships across Nigeria and an expanding international network, including the UK, South Africa, and India, our goal is to bridge healthcare gaps, especially in underserved areas.”

 

Commenting on the significance of the training, Aishat Bello-Garuba, Head, Corporate Services, Leadway Group, noted, “The media plays a powerful role in shaping public understanding, particularly in sectors like insurance and finance. At Leadway, we recognise that informed reporting fuels greater trust in our industry. This initiative is part of our broader vision to build enduring partnerships that encourage clarity, inclusion, and confidence in the financial system.”

 

At its core, the session did not only focus on new product offers. It was about partnership, clarity, and ensuring that the stakeholders who shape public understanding through their headlines and stories are not just reporting but understanding.

 

Leadway continues championing innovation, customer-focused service, and media collaboration in its responsible business and industry advancement approach.

Leadway Pensure Clinches 2025 West African Service Excellence Awards To Maintain Three-Year Winning Streak 

Leadway Pensure, a leading Pension Fund Administrator in Nigeria, has again emerged as a standard bearer of excellence, clinching the prestigious West Africa Pension and Lifestyle Company of the Year at the 14th edition of the West Africa Innovation Awards. This year’s recognition confers Leadway Pensure as the undisputed service excellence laureate, being a three-time consecutive recipient of the award, having won the 2024 and 2023 editions. The Best Customer Care Awards winning streak is a rare and resounding affirmation of its undeterred commitment to a client-centric service.
Clinching Gold in the fiercely competitive Customer Service Excellence category affirms that Leadway Pensure stood out not merely for its operational efficiency but for the very soul of its business philosophy: a people-first approach, where the trust and future of millions are handled with diligence, empathy, and an unrelenting drive for innovation.
Leadway Pensure distinguished itself as the pacesetter amongst other notable nominees in its award category by reinforcing its reputation as a trusted custodian of future financial security. The recognition as Category Lead and 2025 Winner is not just an award; it is a validation of years of purposeful investment in technology and talent, and a listening ear tuned to clients’ voices across the region.
The Head, Customer Experience of Leadway Pensure, Inyene Moses, received the award and expressed deep gratitude, stating, “This recognition is both humbling and inspiring. It speaks to our collective resolve to redefine Pension Administration through exceptional service driven by integrity, empathy, and a desire for impact. We do not take the trust of our clients lightly; this award is dedicated to them.”
In an industry where customer expectations are evolving rapidly, Leadway Pensure continues to demonstrate what it means to meet and exceed those expectations, blending digital innovation with human warmth, efficiency with empathy, and structure with soul.
As the landscape of Pension Administration in West Africa continues to shift, this third consecutive win is a bold reminder that Leadway Pensure is not just participating in the future but also shaping it.
About Leadway Pensure
Leadway Assurance is one of Nigeria’s foremost insurance service providers, renowned for its efficiency and customer reliability. With over 50 years of experience, Leadway has consistently honoured its underwriting commitments and earned a reputation for excellence in claims handling. The company remains at the forefront of the insurance industry, offering innovative solutions that meet the evolving needs of its clients.
2024: Insurance Industry Posts N1.2T Revenue Generation, N3.9T In Total Assets

Insurance Industry In Nigeria Resilient Despite Economic Hiccups- NIA -  Oriental News Nigeria

… As NIA Identifies Fire, Oil, Gas, Motor Insurance As Major Contributors

Amaka Obiefuna

 

The Nigeria Insurance Industry has reported a revenue generation of N1.2 trillion and N3.9 trillion of total assets at the end of September 2024, demonstrating a healthy expansion despite a rise in the net loss ratio in quarter two (Q2) 2024 compared to quarter one (Q1)

 

Chairman of NIA, Mr. Kunle Ahmed, in the first quarter media chat held recently in Lagos, noted that the Nigerian insurance market remained profitable overall, attributing significant contributors to Fire, Gas, Oil and Motor Insurance.

 

He disclosed that while specific data for the entire year of 2024 was still being consolidated, the available data up to the end of third quarter (Q3) 2024 indicated robust growth in gross premiums as he announced a report of 61 per cent year-on-year increase in Q3 2024, reaching N1.2 trillion from the regulator.

 

“This growth was largely driven by the non-life insurance sector, which constituted approximately 69 per cent of the total premium income.

 

“Within the non-life business, Fire, Oil & Gas insurance were significant contributors to the increased revenue. All non-life business products showed robust quarter-on-quarter growth”, the report indicated.

 

Also the life insurance business experienced substantial growth, with the report indicating a 45 per cent quarter-on-quarter increase in Q3 2024. “Group Life emerged as the largest premium-generating component within the life segment”, the report stated.

 

He further disclosed that the stricter enforcement of Third-Party Motor Insurance by the Nigeria Police Force, which commenced on February 1, 2025, is generating significant effects on both the insurance industry and policyholders in Nigeria.

 

The NIA Chairman explained that the most immediate and significant impact is the substantial increase in the purchase of third-party motor insurance policies.

 

He emphasised that this surge in demand directly translated to higher premium income and overall revenue growth for insurance companies, stating that available reports indicated a significant increase in the uptake, “and this trend is expected to be amplified by continued enforcement in 2025 and beyond.”

 

Ahmed however, pointed out that the increase in uptake implies increase in the volume of claims and overall potential liabilities of insurance companies, which will necessitate that insurance companies enhance their claims processing efficiency and customer service capabilities to handle the increased workload and ensure policyholder satisfaction.

 

Commenting on the Nigerian Insurance Industry Reform Bill 2024, he described the Bill as a timely and necessary step to bring the legal framework in line with contemporary challenges and international best practices.

 

He posited the Bill is a significant piece of legislation aimed at overhauling the regulatory framework of the insurance sector in Nigeria. “My reaction to this bill is largely positive, as it appears to address several long-standing issues and aims to modernise and strengthen the industry for the benefit of all stakeholders.

 

“The existing Insurance Act of 2003 is outdated and does not adequately address the current realities and evolving needs of the Nigerian insurance market”, the NIA Chairman noted.

 

On the proposed significant increase in the minimum capital requirements for insurance companies (non-life: N15 billion, Life: N10 billion, Reinsurance: N35 billion), Ahmed said it will enhance the financial capacity of insurers to underwrite larger risks, improve their solvency, and increase public confidence in their ability to meet obligations, adding that it also aims to improve the industry’s retention capacity and reduce reliance on foreign reinsurance.

 

Continuing, Ahmed stressed that the Insurance Industry recognises the immense opportunities presented by the African Continental Free Trade Area (AfCFTA) and that plans are at an advanced stage to explore them.

 

He said: “NAICOM spearheaded the creation of the Nigerian Insurance Industry Committee on AfCFTA (NII-AfCFTA Committee) in May 2022 to coordinate the industry’s strategic response to AfCFTA. The Committee’s mandate includes liaising with the National Action Committee on AfCFTA and other relevant bodies to actualise the immense benefits under this arrangement.

 

“The NII-AfCFTA Committee, with the support of NAICOM, had organised workshops and enlightenment programmes for insurance operators, brokers, and loss adjusters to raise awareness about the opportunities and challenges of AfCFTA and to strategise for effective participation.”

 

A key focus of this initiative, according to him, is on developing insurance products that cater to businesses operating across multiple African countries which include coverage for trade, investments, and multinational clients. “The industry aims to capitalise on the AfCFTA’s Trade in Services protocol, which offers opportunities for increased financial integration and cross-border operations.

 

“Currently, Nigerian insurers are considering establishing commercial presence in other African countries to tap into new markets directly. NAICOM has urged Nigerian brokers, loss adjusters, and insurers to improve their value proposition, professionalism, and service delivery to remain competitive in the expanded African market”, Ahmed disclosed.