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.

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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)

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Check out our free resources on InsurTech ecosystem and innovation in the African Insurance space here https://linktr.ee/insurtechbusinessseries

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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 Africa
• Britam Connect’s transformation into a stand-alone InsurTech
• Parametric Insurance for climate resilience
• Public-private collaboration for scale
• The future of InsurTech in Africa

This 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

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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