L-r: Prisca Soares, Chairman, Awards Panel of Judges, 2024 Almond Insurance Industry Awards; Dr. Jide Fadun, Vice Chairman of the panel, and Faith Ughwode, Chief Executive Officer, Almond Productions Ltd, during the 2024 Almond Insurance Industry Awards press conference and unveiling of the website for nominations, held in Lagos

 

By Ngozi Onyeakusi–Nominations for the 2024 Annual Almond Insurance Industry Awards is now open.

According  to organizers, the annual Awards was aimed at rewarding the “Can Do Spirit” of the men and women in the various arms of the Nigerian Insurance Industry who daily push boundaries to sell Insurance despite the low acceptability and low purchasing power of many Nigerians.

While Insurance awareness and penetration is still low, Insurance Practitioners are making steady gains by way of Gross Premium income which has hit N1 Trillion as at the end of 2023.
The 2024 edition tagged #Reinvent Edition would bring together policy Makers, insurance practitioners, top rated entertainers in music and comedy, para-military and the insuring public in an atmosphere of fun and relaxation.The event is scheduled to hold on Friday November 1st 2024 at the Queens Park events center water corporation drive/trinity avenue off Ligali Ayorinde Street Victoria Island Lagos.

Given the overwhelming support and participation form all arms of the Industry last year, the 2024 Awards categories has been streamlined to meet with international standards.

The organizers have introduced new categories to engender inclusivity.
The shortlisted categories this year includes, Insurance CEO of the year, Insurance Woman of the year (Insurer or Broker), Life Insurance Company of the year and General Insurance Company of the year.

Others are, Insurance Broker of the year, Insurance Broking Company of the year, Takaful Company of the year, Micro Insurance Company of the year, Most valuable Insurance Customer of the year
(Non-Voting Categories), Insurance Life Achievers Award (Insurer or Broker).

Special Recognition Award 2024 (Within and Outside the Industry).

These shortlisted categories were painstakingly chosen to reflect the current composition of the Nigerian Insurance Industry.
To ensure the integrity and transparency of the Awards the entire process as always from nominations, voting, selection is driven by Data and Technology.

It’s a web based process and people can only nominate and vote for their choice via the website: https://almondinsuranceindustryawards.com.

The website is foolproof so it is those who deserve to win that will emerge at the end of the entire process.

“Also as part of ensuring the integrity of the Awards, we have on the panel of Judges our newest member Hon. Justice Olufunmilayo O. Atilade, The Fifteenth (15th) Chief Judge of Lagos State. Others are our able Chairman Ms Prisca Soares the Immediate Past Secretary General of the African Insurance Organization
(AIO).
“Dr. Jide Fadun Risk Management and Insurance Specialist, Senior Lecturer Department of Actuarial Science and Insurance University of Lagos
Mr. Obinna Chilekezie Insurance Expert/Researcher, One Time Head Research and Statistics Nigerian Insurers Association (NIA).
Mr. Obashola Alo Group Head Financial Risk/Insurance Dangote Group
Mr Rasaak Salami, Assistant Director/Head Corporate Affairs National Insurance Commission
(NAICOM)” said the organizers.

Nominations for the Awards officially opened on Friday May 24th and will run for four weeks (4 weeks) voting in the various categories will commence at the end of the streamline process.

Members of the public are also encouraged to visit the Awards website to nominate and vote for their choice.
People are often quick to condemn Insurance companies even when their claims are settled.

Other players in the financial services sector or even Telecoms sometimes get away with “Blue Murder” but not Insurance. So for anyone who has benefited from the workings of Insurance either as individual or corporate clients, this is the time to encourage that Insurance or Broking Company by nominating and voting when the time comes.

Insurers and Brokers are also encouraged to nominate their loyal customers for the Most Valuable Insurance Customer Award this year.

Clients also needs encouragement to do more so that it’s a win win situation.

The Awards this #Reinvent Edition according to the Chief Executive Officer of Almond Productions Limited Ms. Faith Ughwode speaks to the innovation in the entire process of the Awards this year to put the Nigerian Insurance Industry on a new Pedestal come November 1st 2024.