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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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.

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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.

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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.

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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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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

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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 market
• How they started and the challenges of partnering with traditional insurers
• The funding hurdles faced as a young startup in a niche space
• 4-year wait to get the National Insurance Commission (NIC) of Ghana's approval
• Their Commitment to closing the protection gap in Ghana and beyond

This 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

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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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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 Insurance
• How 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.

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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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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