The fourth edition of the Insurance Meets Tech (IMT) conference is gaining significant traction within the insurance industry, solidifying its position as a leading platform for exploring the convergence of insurance, technology, and culture. Several prominent insurance firms, including Leadway Assurance, Enterprise Life, Cube Cover, emPLE, SanlamAllianz, Cornerstone Insurance, and Lasaco Assurance, have pledged their support, demonstrating a collective commitment to innovation and digital transformation within the sector. This industry-wide endorsement underscores the growing recognition of the importance of technology in shaping the future of insurance and adapting to the evolving needs of today’s consumers. The Nigerian Council of Registered Insurance Brokers and the Chartered Insurance Institute of Nigeria have also joined as institutional partners, further strengthening the conference’s credibility and reach.
The theme of IMT 4.0, “Innovating for the New Trybe,” emphasizes the conference’s focus on developing technology-driven insurance models that resonate with younger demographics, particularly Millennials and Gen Z. These digitally native generations represent a significant market opportunity for the insurance industry, but they require innovative products and services that align with their lifestyle and expectations. IMT 4.0 aims to address this challenge by fostering dialogue and collaboration between insurance professionals, technology experts, and cultural influencers to create solutions that cater to the specific needs and preferences of this emerging customer base.
The conference will feature a diverse range of sessions and activities designed to explore the various facets of insurtech and its impact on the industry. A key highlight will be the Executive Dialogue led by the Commissioner for Insurance, Olusegun Omosehin, titled “NIIRA: A New Era Beckons.” This dialogue will delve into the recently released NAICOM Insurtech Guidelines, analyzing their implications for the future of the Nigerian insurance sector and providing valuable insights for industry stakeholders. The guidelines are expected to play a crucial role in fostering innovation, promoting regulatory clarity, and ensuring the responsible adoption of insurtech solutions.
Beyond the executive discussions, IMT 4.0 will incorporate elements of culture, lifestyle, and Afrobeats to creatively position insurance as a relevant and essential tool for protecting aspirations, businesses, and everyday living. This innovative approach aims to break down traditional barriers and misconceptions surrounding insurance, presenting it in a more engaging and relatable manner. By integrating cultural elements and leveraging the popularity of Afrobeats, the conference seeks to connect with younger audiences and demonstrate the value of insurance in a contemporary context.
The strong support from industry leaders, coupled with the conference’s focus on innovation and cultural relevance, positions IMT 4.0 as a pivotal event for the future of the Nigerian insurance sector. The discussions and collaborations fostered at the conference are expected to drive the development of innovative insurance solutions, promote digital adoption, and ultimately enhance the industry’s ability to serve the evolving needs of its customers. The inclusion of the Commissioner for Insurance and the focus on the NAICOM Insurtech Guidelines further underscores the conference’s commitment to shaping a regulatory environment that supports innovation and fosters sustainable growth within the sector.
The convergence of insurance and technology is rapidly transforming the global insurance landscape, and IMT 4.0 is poised to play a significant role in driving this transformation within Nigeria. By bringing together key stakeholders from across the industry, fostering dialogue, and promoting innovative solutions, the conference aims to empower insurers to embrace the opportunities presented by technology and effectively serve the needs of the “New Trybe.” The incorporation of cultural elements and the focus on engaging younger demographics further distinguishes IMT 4.0 as a forward-thinking event that recognizes the importance of adapting to the changing dynamics of the insurance market.
