Rex Advocates Need For Strengthening Of Insurance, Pension Frameworks For Economic Stability 

Rex Insurance Limited, Nigeria’s preferred insurance company, recently sponsored the 10th Anniversary Conference of Nigerian Association of Insurance and Pension Editors
(NAIPE) which held on September 16, 2025, in Oriental Hotel, Victoria Island, Lagos. This esteemed event had in attendance industry professionals, stakeholders, regulators, corporate communications professionals and members of the Association, who came
together to celebrate the achievements of NAIPE and promote collaboration and unity within the insurance and pension sectors.
Mr. Ike Chioke, Chairman, Rex Insurance Limited, who is also the Group Managing
Director (GMD), Afrinvest Limited, was a Special Guest at the event, during which he
delivered a paper on “Strengthening Insurance and Pension Frameworks for a Better Economy”, where he emphasized the need to strengthen the frameworks to ensure long-term economic stability and financial inclusion.
Speaking at the event, Mr. Chioke, who was represented by Mr. Victor Ndukauba, Group
Deputy Managing Director (GDMD), Afrinvest Limited, commended the Association for its role in advancing public understanding of the insurance and pension sectors. “The work
of NAIPE in demystifying industry practices and promoting awareness has contributed immensely to the growth of these vital sectors,” he said.
According to Mr. Ike Chioke, “Insurance and pensions as “twin pillars of financial security that not only protect against risks but also mobilize long-term capital and foster
sustainable growth. They are not mere financial products; they are the backbones for a resilient economy,” he noted. To transform these sectors into engines of economic
growth, we must strengthen their frameworks at all levels, he further added.

Nothing that immense progress has been made by the insurance and pension sectors of the economy, Mr. Chioke acknowledged the need to address emerging challenges around ESG integration, AI, cybersecurity, and the evolving dynamics of work, including the gig economy.
In conclusion, the Chairman of Rex Insurance Limited called for greater collaboration
among stakeholders, increased public awareness, and sustained regulatory innovation to ensure the continued impact of reforms. He also congratulated NAIPE on its 10th anniversary and expressed optimism that the Association will continue to play a vital role in shaping the future of Nigeria’s financial services landscape.
In attendance were the Former Commissioner for Insurance, Mr. Sunday Thomas,
Commissioner for Insurance, Mr Olusegun Omosehin, Director-General National
Pension Commission (PenCom), Ms Omolola Bridget Oloworaran, the MD/CE of Rex
Insurance, Mrs. Ebelechukwu B. Nwachukwu and the Executive Director, Business
Development, Mr. Sunny Uwagboi.
About Rex Insurance Limited (Rex) Rex Insurance Limited (Rex) is licensed by the National Insurance Commission (NAICOM)
to offer the full range of general and special risks insurance products to the insuring public. With decades of experience in the Nigerian market, Rex Insurance has an enviable reputation for technical competence and financial strength.
With a vision of being the “Preferred Nigerian Insurance Company”, our strategic
direction within the next 5 years is to focus on growth and profitability with the aim of
growing the company’s gross premium written and be amongst the Top-Top-Tier general insurance companies in the market.
Operating from twelve (12) business locations nation-wide to ensure maximum outreach
and accessibility, we have an unwavering dedication to our core values of Resilience,
Efficiency, eXellence, Integrity & Teamwork (REXIT).