Coronation Insurance has assured small and medium enterprises of its support in helping them to overcome challenges they face in their daily business operations.
Stakeholders spoke during a webinar jointly organised by Coronation Insurance Plc and Coronation Life Assurance Ltd with the theme, ‘Importance of insurance for SMEs; Insurance requirement for a growing business’.
During the webinar, which was attended by participants from the insurance sector and Coronation’s small business clients, financial experts gave insights into how insurance could support the SMEs, and different products offered by Coronation Insurance for them.
The Chief Executive Officer, Coronation Life Assurance Limited, Mr Akinlolu Akinyele, while speaking, said, “We do sincerely hope that the webinar has been very impactful and will help you on planning for the remainder of the coming year 2023. We indeed trust that the insights that were brought to bear today by the speakers and everyone will help all of us and you all in navigating the uncertainties that we face as we run our various businesses.”
He noted that the sessions at the webinar comprised topics on stimulated conversations around the role insurance played in supporting the SMEs and how it could help a developing Nigerian economy.
The Chief Executive Officer, Coronation Insurance Plc, Mr Olamide Olajolo, assured of the company’s continued support for the SMEs.
The Vice President, Lagos Chamber of Commerce and Industry, Gbenga Ismail, spoke on the significance of Nigeria’s 40 million SMEs for the growth, development and future security of the Nigerian economy.
He noted that Nigeria had lost two million SMEs to the COVID-19 pandemic, and that most new SMEs struggled to achieve scale quickly enough to realise the opportunities for which they were created.
Other panellists were Executive Director, Technical, Coronation Life Assurance Ltd, Adebowale Adesona; Country Manager, Wordplay, Louis Alozie; and Head of Emerging Business, Africa Access Bank Plc, Ayo Olojede, while CNBC’s West Africa Markets Editor, Wole Famurewa, moderated the webinar.
Olojede said Access Bank was partnering with Coronation to design products that would meet the needs of SMEs and boost insurance uptake.
Alozie noted that it was important to introduce products that would be simple for the customers to understand and also engage in partnership.
Adesona spoke on the relevance of having group life insurance cover for workers, which Coronation provided.
Add Comment