Business
Insurance Meets Tech Unveils Nigeria’s Top 10 Digital Insurance Innovators
Insurance Meets Tech (IMT) has unveiled its inaugural “10 To Watch Insurance Innovators” ranking, recognising Nigerian insurance companies leading the industry’s digital transformation through technology-driven innovation and improved customer access.
The ranking, developed by Creato Urban, assessed insurers using two equally weighted criteria: digital transformation depth, which measures the sophistication of technology infrastructure and automation, and market impact, which evaluates how digital innovations improve accessibility and reach for policyholders.
Heirs Insurance Group emerged as the overall leader with a combined score of 89/100, earning praise for its digital insurance experience centre, AI-powered customer services, automated claims processing, and expansion of insurance access to more than three million Nigerians since 2021.
Leadway Assurance ranked second with 85/100, recognised for its enterprise-wide digital transformation strategy, AI-powered claims verification, and innovative products such as pay-as-you-go motor insurance. SanlamAllianz Nigeria placed third with 84/100, driven by its nationwide digital agent platform and same-day USSD-enabled claims service.
The remaining companies in the top 10 are Cornerstone Insurance Plc, CubeCover, Sovereign Trust Insurance Plc, Rex Insurance Limited, Enterprise Life Assurance Company Nigeria, Noor Takaful, and Zenith General Insurance Company Limited.
IMT also presented its inaugural “Most Promising Innovation Yet” recognition to emPLE for its cloud-based Data Lake platform, which aims to unify customer data across insurance operations and enable AI-powered underwriting, fraud detection, and embedded insurance services once deployed.
Speaking on the rankings, IMT Convener and Creato Urban Founder/CEO Odion Aleobua said the recognition reflects the Nigerian insurance industry’s gradual shift towards full digitalisation in line with regulatory expectations.
“This list indicates that the transformation of the Nigerian insurance industry is incrementally aligning with the growing demand for complete digitalisation of insurance services as required by NAICOM. The companies featured are taking the initiative rather than waiting for the industry to evolve,” Aleobua said.
The “10 To Watch” framework was developed by IMT’s editorial and advisory team to recognise insurers advancing technology adoption while expanding access to insurance across Nigeria. The announcement comes ahead of the fifth edition of Insurance Meets Tech, scheduled for September 18, 2026, at the Balmoral Convention Centre, Sheraton Hotel, Ikeja, Lagos.
The post Insurance Meets Tech Unveils Nigeria’s Top 10 Digital Insurance Innovators appeared first on Business Today NG.
The Federal Airports Authority of Nigeria (FAAN) has unveiled its 2025 Bye-Laws, marking the first comprehensive review of the authority’s regulatory framework in 21 years.
The new bye-laws were officially launched by the Chairman of the FAAN Board, Umar Ganduje, who commended the management for successfully reviewing the legal framework to reflect current realities in the aviation industry. He described the revised bye-laws as a significant milestone that will strengthen airport governance and enhance operational efficiency across the authority.
Speaking at the unveiling, the Managing Director/Chief Executive of FAAN, Olubunmi Kuku, said the previous bye-laws, last reviewed in 2005, had become outdated and were no longer effective in addressing the demands of the modern aviation environment.
She explained that the 2025 Bye-Laws were developed in line with current aviation realities and FAAN’s evolving operational framework to ensure the Authority remains responsive to emerging challenges and global best practices.
READ ALSO: FAAN set to transform domestic air travel with V-Pass facial recognition system
According to Mrs Kuku, the revised bye-laws will serve as a comprehensive operational guide for FAAN staff, airport users, stakeholders and relevant partners, while promoting safer, more secure and commercially viable airport operations across the country’s airport network.
She added that the new framework reinforces FAAN’s commitment to regulatory compliance, operational excellence and improved service delivery in Nigeria’s aviation sector.
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