Tuesday, August 26, 2025
23.7 C
Lagos

Women in Insurance Seeks Gender Parity to Boost Africa’s Economy

L-R: Bunmi Adeleye, Corporate Services, Leadway Assurance, Moderator; Seyi Ifaturoti, MD/CEO, Transparency Scape Insurance Brokers, Discussant; Joyce Ojemudia, MD/CEO, African Alliance Insurance PLC and PILA President; Abiba Zakariah, Group COO, WAICA Re, Guest Speaker; and Shaibu Ali, foremost Insurance expert, Discussant at the Women In Insurance Conference hosted on the sides of the 47th African Insurance Organisation Conference by the Professional Insurance Ladies Association (PILA).

The Professional Insurance Ladies Association (PILA) has recommended gender parity premised on equitable opportunities distribution as a viable pathway to growing the African economy following the devastating of covid-19.

Speaking at the Women In Insurance side event hosted by PILA at the 47th African Insurance Organisation (AIO) Conference, with the theme, Women Collaborating for Africa’s Economic Growth, Dr Abiba Zakariah, the Chief Operating Officer, WAICA Re, charged Women to recognise and acknowledge their strength by redefining “our objective from ‘gender equality’ to ‘playing our role.”

Zakariah stated that women, over and above their income-earning activities, are central to the household economy and the welfare of their families which often remains unseen and unaccounted for in GDP. “It has been shown that national economies lose out when a substantial part of the population cannot compete equitably or realize its full potential. Recent estimates suggest that gender parity overall has the potential to boost global Gross Domestic Product (GDP) by between $12 trillion and $28 trillion between now and 2025,” she concluded.

On changing the world’s perspective from being the weaker vessels, the WAICA Re boss advised Women professionals to be intentional about fixing our economies and thus earn respect and acceptance as partners in development.

Earlier during her welcome address, the President of PILA, Mrs Joyce Ojemudia, who doubles as the MD/CEO of African Alliance Insurance thanked the Chairman of the Organising Committee, Mrs Ebelechukwu Nwachukwu and indeed the entire AIO Council for integrating the PILA AFRICA Workshop into the AIO Conference. She further thanked the past President of PILA, Dr Tonia Smart, for her groundbreaking efforts in scaling PILA across Africa.

The highpoint of the event was the presentation of an award of honour to the outgoing Secretary-General of the AIO, Ms Prisca Soares. Aptly described as an amazon of the African financial services industry.

Soares was honoured for being a Pillar of Strength and Beacon of Hope for women professionals in particular and indeed, every professional across gender, in general. A tearful Ms Soares was full of praises for the leadership of PILA and thanked the association for finding her worthy of the honour.

Discussants at the event included Mrs Yetunde Ilori, the Director-General of the Nigerian Insurers Association, Mrs Seyi Ifaturoti, foremost broker and Mr Shaibu Ali, an insurance expert from Ghana while Bunmi Adeleye, a Communications Professional with Leadway Assurance Company moderated the event.

PILA Africa is an initiative of PILA Nigeria aimed at unifying and presenting a scalable platform for women in insurance across the continent.

 

spot_img
spot_img

Hot this week

Fidelity Bank to Host Eduthrive Conference to Empower School Owners Ahead of New Academic Session

Leading financial institution, Fidelity Bank Plc, is set to...

Japan Designates City of Kisarazu as Hometown for Nigerians

Mrs. Florence Akinyemi Adeseke, Nigeria’s charge d’affaires and Yoshikuni...

Tinubu Lauds Petrobras’ Imminent Return as Nigeria, Brazil Ink MoUs to Boost Economic Ties

President Bola Tinubu on Monday welcomed Petrobras's imminent return...

Businessman, Ajose, Donates Materials to APC for Continuous Voters Registration Exercise

As part of efforts to support the rulling All...

LASAA Reaffirms Commitment to Fairness, Safety, Industry Growth

Prince Fatiu Akiolu MD, LASAA Lagos State Signage and Advertisement Agency...

Topics

Equities Market Maintains Negative Momentum…NSE ASI Down 49bps

In line with expectation, the bearish run of the...

Stanbic IBTC Pension Unveils N32m FUZE Talent Hunt Festival

R-L: Executive Director, Investment, Stanbic IBTC Pension Managers Limited,...

NAICOM Sacks Board of African Alliance Insurance, Erhabor is Interim CEO

In the exercise of its regulatory powers, the National...

NCRIB: ‘80% of Policyholders Complaining about Insurance Didn’t Patronise Brokers’

  L-R: Mr. Atanda Olatokunbo, Controller, Internal Audit & Compliance,...

Sanlam Pan Africa Inducts Ojumah into Council of Elders

  L-R: Tunde Mimiko, Managing Director/Chief Executive Officer, Sanlam Life...

NDIC Partners BPSR to Enhance Innovation in Service Delivery

The Managing Director/Chief Executive Officer of the Nigeria Deposit...

‘Digital Media, Future of News Dissemination’

The Managing Director/CEO, Nigeria Interbank Settlement System (NIBSS), Ade...

BUHARINOMICS: Charting Path to Sustainable Economic Renaissance

The presidential election was over on Saturday, March 28, 2015. It is now a historical document for academic research and street political analysis. On March 28, CHANGE triumphed over TRANSFORMATION AGENDA, leading to the emergence of General Muhammadu Buhari as President, Federal Republic of Nigeria. On May 29, Buhari assumed the leadership of the nation, bringing to an end, the regime of Goodluck Jonathan. For Buhari, it is a long road to Aso Rock. Three times he contested and lost. And three times he dusted the stinking ashes of defeat to rise again to seek for the same office. And on the fourth effort, he won. Either fortune smiled on him or the Gods took pity on him and handed him the office to break the cycle of defeat and save him from the poisoned pen of harsh historians and political propagandists.
spot_img

Related Articles

Popular Categories

spot_imgspot_img