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Heirs Insurance Group Awarded Insurance Company of the Year

Heirs Insurance Group celebrates Insurance Company of the Year award -  Champion Newspapers LTD
 Heirs Insurance Group, Nigeria’s fastest-growing insurance Group, has been awarded Insurance Company of the Year at the 2024 Industry Awards.
Hosted by The Industry Newspaper in Lagos on May 8, 2025, this recognition celebrates the Group’s outstanding performance, innovation, and impact on Nigeria’s insurance sector.
Commenting on the award, Ifesinachi Okpagu, Chief Marketing Officer of Heirs Insurance Group, stated: “We are proud to receive this award – an affirmation of our mission to transform the insurance industry and create value for our customers. This recognition encourages us to keep pushing boundaries.”
Since its launch, the Group has demonstrated a firm commitment to driving insurance accessibility. Through its digital-first channels, including its chatbot, USSD service, mobile app, and Nigeria’s first insurance experience centre, the Group facilitates easy and reliable access to insurance for everyone. In addition, Heirs Insurance Group is committed to driving insurance education and literacy. In 2024, the Group launched Africa’s first web series on insurance and runs the Heirs Insurance Essay Championship—a programme that targets students and their families.
Heirs Insurance Group is the insurance subsidiary of Heirs Holdings, the leading pan-African investment company, with investments across 24 countries and four continents. With a rapidly expanding retail footprint and an omnichannel digital presence, Heirs Insurance Group serves both corporate and individual customers across Nigeria.
NDIC Seeks Stakeholders’ Inputs To IADI Core Principles For Effective Deposit Insurance

NDIC calls for stakeholders input for better premium assessment – Economic  Issues
The Nigeria Deposit Insurance Corporation (NDIC) has called for feedbacks from financial services industry stakeholders in the country, policy makers and the general public towards the ongoing revision of the International Association of Deposit Insurers (IADI) Core Principles for Effective Deposit Insurance System.
The proposed revision launched by IADI in May 2025, is a significant step towards enhancing the resilience and relevance of deposit insurance frameworks in the face of an evolving global financial landscape.
Specifically, the revision is aimed at comprehensively addressing structural changes, including digital innovation, the growing role of deposit insurers in resolution, and lessons learned from the banking turmoil in March 2023, which is the most significant systemic stress event since the 2007-09 global financial crisis.
The IADI Core Principles are used by jurisdictions, including Nigeria, as a benchmark for assessing the quality of their deposit insurance systems and for identifying gaps in their deposit insurance practices and measures to address them.
The Core Principles are also used by the International Monetary Fund (IMF) and the World Bank in the context of the Financial Sector Assessment Programme (FSAP), to assess the effectiveness of jurisdictions’ deposit insurance system and practices.
The first set of the Core Principles was issued jointly by the IADI and the Basel Committee on Banking Supervision (BCBS) in June 2009 while the document is subjected to periodic revision order to keep it up-to-date with evolving trends on the global financial system landscape.
As a founding and committed member of IADI, NDIC recognizes the importance of the ongoing revision and hereby invites stakeholders and the general public to actively participate in the process by reviewing the document on the link https://ndic.gov.ng/wp-content/uploads/2025/06/Draft-Revised-IADI-Core-Principles.pdf Stakeholders feedbacks should be forwarded to the Corporation on or before 30th June 2025 via email to iadi@ndic.gov.ng in PDF format.
AXA Mansard, Lagos DSVA Partner To Tackle Violence Against Girl Child

 

Head of Marketing, AXA Mansard Plc, Olusesan Ogunyooye (left) and Executive Secretary, Lagos State Domestic and Sexual Violence Agency, Titilola Vivour Adeniyi, after a partnership meeting for the 2025 AXA Week For Good, themed; “Being a Girl Shouldn’t be A Risk” in Lagos

AXA Mansard, Nigeria’s leading insurance company and the Lagos State Domestic and Sexual Violence Agency (DSVA) has announced partnership to raise awareness and increase education about the menace of Domestic and Sexual Violence, especially against girl child in the country.

The partnership, coming on the backdrop of the 2025 AXA Week for Good will feature a range of activities from both entities. The Lagos DSVA will be providing technical and expert support in leading employee training, public awareness and guiding the various school activations which will be carried out by employee volunteers of AXA Mansard.

 

 

Speaking after the partnership meeting at the office of the DSVA, Head of Marketing AXA Mansard Insurance Plc, Olusesan Ogunyooye, said that they are impressed about the works and proactiveness of the DSVA and sees this edition of the company’s annual volunteering and CSR initiative as a way to support and contribute to what the DSVA is doing.

 

 

“For us at AXA Mansard, our posture is that the future shouldn’t be at risk. And if we have to protect the future, then we must protect the children. So, building on our works against sexual and gender-based violence, we thought it fit to work with the DSVA during this edition of our annual global CSR week, AXA Week for Good”.

“We note the remarkable works that DSVA is doing in combating domestic and sexual violence in Lagos and sees this partnership as an opportunity to let them know there work is appreciated, but more importantly is working with them around this shared interest to rid our society of violence”.

 

 

Commenting on the partnership, the Executive Secretary, DSVA, Mrs. Titilola Vivour-Adeniyi, expressed her pleasure at the collaboration, describing it as a step towards the right direction in tackling domestic and sexual violence against girls in Lagos State. She noted that partnerships with the private sector, such as this are critical in amplifying the zero tolerance stance of the Lagos State Government against all forms of Sexual and Gender Based Violence. She added that DSVA remains committed to providing expert guidance and resources to ensure that the initiatives under the AXA Week for Good create a meaningful impact and contribute to the broader goal of fostering a safer and more inclusive society for all.

With the theme, “Being a Girl Shouldn’t be A Risk”, this edition of AXA Week for Good is focused on beaming the light on the impact of sexual and domestic violence on the girl child.

 

 

According to the 2014 National Survey on Violence Against Children in Nigeria, 25% of Girls in Nigeria experience sexual violence before they turn 18 and 15% of Girls of girls who experienced physically forced or coerced sex before age 18 became pregnant. This according to Ogunyooye, are worrying statistics.

According to him, “what is even worrying is that these acts of violence happen to children in environment where they should feel safe such as school and homes; and the ripple effect of these is an increasing normalization of violence against children in the name of cultural norms”.

AXA Week for Good is the flagship programme of the the company’s employee volunteering programme; AXA Hearts in Action, under which AXA Mansard employees volunteered more than 20,000 hours in 2024.

AIICO Insurance Brings Joy And Hope To Visually Impaired Children On Children’s Day

In commemoration of this year’s Children’s Day, AIICO Insurance Plc extended heartfelt support and companionship to the children at Bethesda Home & School for the Blind, as part of its ongoing commitment to inclusive and impactful corporate social responsibility.
The visit was a day filled with warmth, joy, and meaningful connection. Beyond the donation of essential food items and gifts, AIICO staff spent quality time with the 286 children at the home listening, learning, and sharing laughter. A beautifully decorated cake was also presented to the children, adding a celebratory note to a day that left lasting smiles and cherished memories.
Speaking during the visit, Mrs. Abimbola Shobanjo, AIICO’s Corporate Responsibility and Sustainability Manager, emphasized the importance of mindful inclusion in society:
“Children’s Day is a powerful reminder of the hope that young lives carry. At AIICO, we are intentional about reaching every child, especially those who are less privileged or differently abled. Our visit to Bethesda is about more than giving; it’s about recognizing their worth, reminding them that they matter, and reaffirming our belief that they belong and have a bright future ahead.”
The leadership of Bethesda Home & School for the Blind expressed deep appreciation for the visit and generosity shown by AIICO, noting the positive emotional impact it had on both the children and staff.
This initiative is part of AIICO Insurance Plc’s broader strategy to drive meaningful social change- championing education, inclusion, and the well-being of vulnerable groups across Nigeria.
About AIICO Insurance Plc
AIICO Insurance is a leading composite insurer in Nigeria, with a 60-year legacy of delivering quality service to its clients. Founded in 1963, AIICO provides life and general insurance, health insurance, and investment management services to create and protect wealth for individuals, families, and corporate customers.
Leadway Group Champions Literacy For 10,000 Children With Third Edition Of ‘Pages To Places’ Initiative

Leadway Group, one of the foremost non-banking financial services groups, is set to roll out the third edition of its transformative Pages to Places campaign. This initiative, a book reading and donation drive is designed to spark a lifelong love for reading among 10,000 Nigerian children across select states and ignite their imaginations about building a brighter future. This campaign reflects Leadway’s enduring commitment to shaping young minds and supporting educational development, particularly in underserved communities.

 

 

 

By promoting a vibrant reading culture, Leadway’s Pages to Places initiative aims to inspire dreams, reshape children’s narratives, and contribute meaningfully to Nigeria’s educational advancement. In previous editions, Leadway collaborated with prominent Nigerian authors such as Bunmi Aboderin-Talabi, Jude Idada, Titi Umaru, Victoria Afe Inegbedion and Ayo Oyeku to bring storytelling, book readings, and the love for literacy to life.

 

 

 

The campaign has reached 24 schools across nine states, providing books and mobile libraries while also encouraging the facilitation of after-school reading clubs, creating a lasting impact beyond the classroom.

 

 

 

This year, Leadway Group will collaborate with renowned author and culture advocate Lola Shoneyin and the convener of Akada Children’s Book Festival Bunmi Aboderin-Talabi in this third edition for a nationwide book reading and donation drive. The campaign will include visits to 10 public nursery/primary schools across Lagos, Kaduna, Ondo, Enugu, and Edo states, running from May 28 to June 5, 2025. This literary tour is poised to make a meaningful impact on the lives of the participating children, further reaffirming Leadway’s commitment to education, social impact, and the belief that every child, regardless of background, deserves access to knowledge, better dreams, and opportunities.

 

 

 

 

Aishat Bello-Garuba, Head of Corporate Services, Leadway Group emphasised the initiative’s importance. “At Leadway, we understand that every child may not be opportune to explore the world, but we trust that children can be transported there through the power of stories. In communities where dreams are limited by circumstance, ‘Pages to Places’ becomes a launchpad for limitless imagination, determined to inspire and empower more children through reading”, she said.

 

 

 

“Our commitment goes beyond providing books and promoting reading culture. We are dedicated to nurturing creativity, learning, and personal growth among Nigerian children. We aim to build stronger communities and inspire hope by expanding access to meaningful literacy to every child, regardless of their background. We understand that empowering children today lays the foundation for tomorrow’s leaders, and through this initiative, we are investing in a brighter and more promising future for these children”, Bello-Garuba added.

 

 

 

 

About Leadway Group

Leadway Group is a non-banking financial corporation headquartered in Nigeria. Leadway provides non-banking financial solutions ranging from insurance, pension, trusts, health management, asset management, and hospitality

Cowry Asset CEO Headlines SuperNews AI Confab 2025 On June 19

The Managing Director/CEO, Cowry Asset Management Limited, Mr Johnson Chukwu is the keynote speaker at the Forthcoming SUPERNEWS Nigeria Artificial Intelligence (AI) Confab 2025, holding on Thursday, June 19th 2025 at Oriental Hotel, 3 Lekki Road Victoria Island Lagos at 10am.

Chukwu will be speaking on the theme, Power of AI: Enhancing Efficiency And Customer Satisfaction For Better Financial Services Experience.

Other renowned experts lined up for the event include the Founder/CEO, ZER Consultating Africa, Mrs Adeolu Adewumi-Zer, the Fmr. Managing Director, Hilal Takaful Insurance Limited, Mrs Thaibat Adeniran, the National President, Bank Customers Association of Nigeria (BCAN) Dr Uju Ogubunka and the Head Financial Institutions Ratings, Augusto & Co, Mr Ayokunle Olubunmi.

According to the Convener of the conference, the Publisher of SUPERNEWS Nigeria, Ngozi Onyeakusi, the choice of Johnson Chukwu as the keynote speaker is a reflection of his extensive professional background, diverse expertise and profound knowledge of the financial services sector and economy.

Mr. Johnson Chukwu is the chairman and founder, Cowry Assets Management Ltd, prior to the establishment of Cowry Asset Management Limited, he has been actively involved in the Nigerian capital market and was instrumental to the establishment of one of the most vibrant capital market operator, as the pioneer General Manager/Chief Executive Officer of Guardian Express Trust Limited (now Spring Capital) – a subsidiary of Guardian Express Bank Plc (now Spring Bank Plc).

Before joining Cowry Asset Management Limited on a full-time basis in October 2007, Mr. Chukwu was between February 2006 and September 2007 a Deputy General Manager and Group Executive, Operations of Spring Bank Plc.

Mr. Chukwu is a Bachelor of Science (B.Sc.) second class upper degree holder in Accounting and a University of Lagos Scholar. He also holds an MBA from Lagos Business School (Pan African University).

His banking career also includes a 3-year stint as the Deputy Financial Controller of Diamond Bank Plc (1997 – 2000) and 5 years experience with Intercontinental Bank Plc (1992 – 1997) where he worked in Credit and Marketing (Trade Finance), Financial Control, Treasury Operations, and Branch Operations.

Among his professional qualifications are Fellowship of both the Institute of Chartered Accountants of Nigeria and Chartered Institute of Taxation.

He has attended several courses both locally and internationally including IESE Business School (University of Navarra) Barcelona, Spain; Wharton Business School (University of Pennsylvania) Philadelphia, USA among others.

The epoch making event, which will be bringing together regulators, key stakeholders in the financial services, ICT sector, informal sector and small business owners will be chaired by the Group Chairman of the Nigerian Exchange Group, Alhaji (Dr) Umaru Kwairanga.

The confab will focus on how AI is redefining the financial services sector, accelerating automation, customer engagement, risk management and fraud prevention.

It is a learning opportunity designed to enhance awareness, deepen understanding of participants on the imperative and use of AI in rendering banking, capital market, pension
and insurance services cheaper, faster and conveniently.

Guinea Insurance PLC Hosts Strategic Board Retreat To Reinforce Vision And Leadership Transition

Standing (L–R): Mr Ademola Abidogun (Managing Director/Chief Executive Officer), Mrs Chinenye Nwankwo (Company Secretary), Mrs Ogonna Offor-Orabueze (Executive Director, Technical), and Mr Pius Edobor (Executive Director, Finance & Corporate Services) Seated: Mrs Chioma Okigbo (Non-Executive Director), Mrs Bernice Izilen Okosun (Non-Executive Director), Mr Temitope Borishade (Chairman, Board of Directors), Mrs Ijeoma Pearl Okoro (Non-Executive Director), and Mr Samuel Onukwue (Non-Executive Director)

 

Guinea Insurance PLC convened a high-impact Board of Directors retreat from 15th to 16th May 2025 at the prestigious Lagos Continental Hotel, Victoria Island, Lagos. The retreat marked a defining moment of legacy, renewal, and strategic alignment, culminating in a formal Board meeting on 17th May, where the newly appointed and outgoing Board members engaged in collaborative dialogue, insightful knowledge exchange, and forward-looking deliberations focused on strengthening leadership synergy and reinforcing governance for the company’s future growth.

 

The event marked the official onboarding of the newly NAICOM-approved Directors, including Mr Temitope Borishade as Chairman, along with Mrs Bernice Izilen Okosun, Mrs Ijeoma Pearl Okoro, and Dr Nkemakonam Chukwukaodinaka as Non-Executive Directors. They join the existing Non-Executive Director, Mr Samuel Onukwue, and Independent Non-Executive Director, Mrs Chioma Okigbo, with Executive representation from Mr Ademola Abidogun (MD/CEO), Mr Pius Edobor (ED, Finance & Corporate Services), and Mrs Ogonna Offor-Orabueze (ED, Technical).

 

Designed to foster a shared vision and establish strategic priorities, the two-day retreat provided an in-depth overview of Guinea Insurance’s journey, spotlighting operational progress, brand repositioning, stakeholder engagement, and the company’s redirection towards sustainable profitability. Senior Management delivered performance insights, structural reforms, and growth opportunities aimed at repositioning the company as a formidable and competitive player in Nigeria’s insurance sector.

 

Speaking at the event, MD/CEO Mr Ademola Abidogun remarked: “This retreat is a clear reflection of our resolve to entrench corporate excellence, deepen stakeholder confidence, and unlock strategic growth. The combination of continuity and fresh perspectives at the Board level uniquely positions us to navigate the future with clarity and reinforce our renewed focus on profitability and long-term market competitiveness.”

 

Guinea Insurance remains committed to building a resilient, innovation-led, and trusted brand — exceeding expectations at every turn.

Insurance Industry Fellows Tasked On Mentoring Next Generation Professionals

CIIN President/Chairman of Council giving her welcome address at the Year 2025 CIIN Fellows’ Interactive Session held in Lagos

By Amaka Obiefuna

 

 

 

Insurance industry fellows in Nigeria have been charged to conscientiously and purposefully mentor budding insurance enthusiasts for the next generation professionals.

 

Speaking at the 2025 Fellows’ Interactive Forum of the Society of Fellows Committee, Chartered Insurance Institute Of Nigeria(CIIN), its Past President, and Chairman, Society of Fellows, Adeyemo Adejumo, who gave this advice said elders in the industry should show themselves approved by eagerly sharing their exceptional expertise and leadership with the young generation.

This, he counseled could be done by attending all programs organized by the Institute, which are basically a time for cross- pollination and fertilization of ideas by shakers and movers of the industry. To him, such a commitment comes with lots of benefits to them and the Institute.

 

“As fellows, you are recognised leaders, shaping the future of our industry through your innovative ideas, thoughtful leadership, and mentorship. The insurance industry is navigating a complex landscape, marked by emerging risks, technological advancements, and evolving customer expectations.

 

“We are all aware that AI has come to stay. As fellows, we must stay ahead of the curve, leveraging on our expertise to drive innovation, improve risk management, and enhance customer experience. we have a critical role to play in shaping the industry’s future”

Cross Section of Paper Presenter, Paper Discussant, Chairman of Society of Fellows with CIIN President/Chairman of Council giving her welcome address at the Year 2025 CIIN Fellows’ Interactive Session held in Lagos

The past president urged the Fellows to leverage their collective expertise to drive innovation and address industry challenges (one of which is declining interest among young people in insurance as a career).

 

“We need to groom and develop them to become better professionals. The task is on us to guide the next generation of insurance professionals, sharing our experience and insights with talented individuals to help our industry”

 

With the theme ‘Mentorship and Knowledge Transfer: Sustaining Professional Excellence’ he beckon on them to drive leadership in the industry with high level of integrity no matter what is going on in our society.

 

Adejumo who enjoined young people to draw from their fountain of knowledge added, “Let us lead by good example and build relationships that will drive our industry forward. Our expertise, leadership, and commitment are invaluable assets to our profession. I look forward to continuing our interactions, driving innovation, excellence, and growth in the insurance industry.”

Get It, Use It”: Insurers Committee Initiates Campaign To Boost 3rd Party Insurance Awareness

In a combined effort to promote road safety and legal compliance, a partnership of stakeholders from the Nigerian insurance industry, comprising the Nigerian Insurers Association (NIA), the Nigerian Council of Registered Insurance Brokers (NCRIB), National Insurance Commission (NAICOM) and Institute of Loss Adjusters of Nigeria (ILAN) has launched a nationwide awareness campaign to educate the public on the importance of third-party motor insurance.
This initiative follows the February 1, 2025 directive by the Nigeria Police Force requiring all vehicle owners to possess valid third-party motor insurance. This coverage is essential for protecting drivers against the financial liabilities arising from accidents that cause damage to other vehicles, property, or result in bodily injury to third parties.
“Many drivers remain unaware that third-party motor insurance is not only a legal obligation but also a critical safeguard for the lives and properties of fellow road users,” said Ebelechukwu B. Nwachukwu, Chairman, Communication & Stakeholder Engagement Sub-Committee, Insurers Committee & MD of Rex Insurance Limited. This campaign is designed to raise awareness, encourage compliance, and highlight the consequences of driving uninsured.
The awareness campaign is pan-Nigeria and will have radio jingles in the major languages – Ibo, Hausa, Yoruba, Pidgin and English. Other aspects of the campaign include Print media and Out-of-Home (billboards) in some major commercial cities in the country, such as Lagos, Abuja and Port Harcourt and social media.
According to Moruf Apampa, Vice Chairman of the Sub-Committee and MD of NSIA Insurance, “there are still a lot of vehicles on the road without proper insurance. When accidents happen, it is often innocent people and public services that end up bearing the cost. This campaign is about helping people understand why insurance matters and making it easier for them to get covered”.
To make compliance easier, Nigerians can now conveniently purchase or renew third-party motor insurance policies through the Nigerian Insurance Industry Portal (NIIP) online portal, or by visiting any registered insurance provider nationwide. The NIID platform ensures transparency, instant verification, and peace of mind for all parties involved. Verification of your insurance policy can also be done online by visiting ASKNIID and inputting your car registration details.
“Compliance with this requirement is not just about avoiding penalties; it’s about protecting yourself and others every time you’re on the road,” said Ebelechukwu B. Nwachukwu. “Another key element of the 3rd Party insurance is that if one travels across West Africa, you have insurance coverage, and this is an added advantage that people need to be aware of”.
Seeking the support of the media and other critical stakeholders in the insurance industry like CAMCONIA, which is the umbrella body of all Corporate Affairs Managers in the insurance industry, the Sub-Committee sough current and future collaboration in raising awareness about the benefits of the 3rd Party Campaign being embarked upon and the need to do all possible to change the narrative about insurance in Nigeria.
Other members of the Sub-Committee present at the press briefing include Mr. Ademola Abidogun, MD, Guinea Insurance as well as Mrs. Abimbola Onakomaiya, President, Professional Insurance Ladies Association (PILA, who all sought the support of the media and other relevant partners in developing the insurance industry in Nigeria.
Insurers Redouble Third Party Motor Insurance Campaign

By. Amaka Obiefuna

 

 

 

 

The Nigerian Insurers Association (NIA), the Nigerian Council of Registered Insurance Brokers (NCRIB), National Insurance Commission (NAICOM) and Institute of Loss Adjusters of Nigeria (ILAN) have launched a nationwide awareness campaign to educate the public on the importance of third-party motor insurance. This is following the February 1, 2025 directive by the Nigeria Police Force requiring all vehicle owners to possess valid third-party motor insurance.

 

 

 

 

The joint effort is aimed at not only promoting road safety and legal compliance, but at protecting drivers against the financial liabilities arising from accidents that cause damage to other vehicles, property, or result in bodily injury to third parties.

 

 

 

 

Addressing insurance correspondents in Lagos yesterday, the Chairman, Communication & Stakeholder Engagement Sub-Committee, Insurers Committee, Mrs. Ebelechukwu B. Nwachukwu, said “Many drivers remain unaware that third-party motor insurance is not only a legal obligation but also a critical safeguard for the lives and properties of fellow road users,”

 

 

 

Nwachukwu, who is the MD of Rex Insurance Limited, maintained that the campaign was designed to raise awareness, encourage compliance, and highlight the consequences of driving uninsured.

 

 

 

As a pan-Nigeria campaign, the awareness would have radio jingles in the major languages – Igbo, Hausa, Yoruba, Pidgin and English. Other aspects of the campaign include Print media and Out-of-Home (billboards) in some major commercial cities in the country, such as Lagos, Abuja and Port Harcourt and social media.

 

 

 

“Compliance with this requirement is not just about avoiding penalties; it’s about protecting yourself and others every time you’re on the road. Another key element of the 3rd Party insurance is that if one travels across West Africa, you have insurance coverage, and this is an added advantage that people need to be aware of” Nwachukwu added.

 

 

 

To the Vice Chairman of the Sub-Committee and MD of NSIA Insurance, Moruf Apampa, he opined, “there are still a lot of vehicles on the road without proper insurance. When accidents happen, it is often innocent people and public services that end up bearing the cost. This campaign is about helping people understand why insurance matters and making it easier for them to get covered”.

 

To make compliance easier, Nigerians can now conveniently purchase or renew third-party motor insurance policies through the Nigerian Insurance Industry Portal (NIIP) online portal, or by visiting any registered insurance provider nationwide. The NIID platform ensures transparency, instant verification, and peace of mind for all parties involved. Verification of your insurance policy can also be done online by visiting ASKNIID and inputting your car registration details.

 

Seeking the support of the media and other critical stakeholders in the insurance industry like CAMCONIA (represented by its chairman, Mr. Segun Bankole), which is the umbrella body of all Corporate Affairs Managers in the insurance industry, the Sub-Committee sough current and future collaboration in raising awareness about the benefits of the 3rd Party Campaign being embarked upon and the need to do all possible to change the narrative about insurance in Nigeria.

 

Other members of the Sub-Committee present at the press briefing include Mr. Ademola Abidogun, MD, Guinea Insurance; as well as Mrs. Abimbola Onakomaiya, President, Professional Insurance Ladies Association (PILA) who all sought the support of the media and other relevant partners in developing the insurance industry in Nigeria.