BY NKECHI NAECHE-ESEZOBOR—Rex Insurance Limited has sponsored the inaugural Insurance Sector Consultative Forum, a landmark industry event held on Thursday in Lagos, aimed at shaping the future of Nigeria’s insurance industry.
The first-of-its-kind forum convened more than 100 senior leaders from across the insurance ecosystem, including operators, regulators, policymakers and other stakeholders, to discuss strategies for transforming and advancing the sector.
Designed as a high-level engagement platform, the forum seeks to align industry stakeholders on key reforms, capabilities and actions required to unlock the full potential of Nigeria’s insurance market. Participants are expected to generate actionable insights that will guide the industry’s future direction.
A major focus of the forum is building consensus around the challenges facing the sector, including regulatory hurdles and limited collaboration among industry players. Through in-depth discussions, the gathering aims to strengthen relationships between insurers, regulators and policymakers while identifying opportunities for sustainable growth.
The forum is also expected to deliver significant outcomes, including clarity on risks, opportunities and growth drivers within the industry. Stakeholders will work toward a unified vision for reform and enhanced collaboration across the insurance value chain.
In addition, the event will produce an advocacy roadmap to guide future policy changes and lay the groundwork for a proposed Insurance Industry Reform Act, with consensus-driven solutions aimed at addressing critical sector challenges.
Confirmed speakers include prominent industry leaders such as Aigboje Aig‑Imoukhuede, Chairman of Coronation Group and Access Holdings; Olusegun Ayo Omosehin, Commissioner for Insurance at National Insurance Commission (NAICOM); Tokunbo Abiru, Chairman of the Senate Committee on Banking, Insurance and Other Financial Institutions; Obi Ibekwe, CEO of EnterpriseNGR; Bola Odukale, Director-General of the Nigerian Insurers Association; and Yetunde Olubunmi Ilori, President and Chairman of Council of the Chartered Insurance Institute of Nigeria.
Speaking on the sponsorship, Managing Director/Chief Executive Officer of Rex Insurance Limited, Ebelechukwu Nwachukwu, described the forum as a critical milestone for the sector.
“We are proud to sponsor this inaugural forum, which marks a significant step toward driving reform in the insurance sector. We believe this collaborative platform will serve as a turning point in shaping a more resilient and innovative insurance industry—one that provides real solutions to the challenges we face and supports long-term growth,” she said.
Nwachukwu added that the forum would encourage meaningful dialogue among stakeholders while laying the foundation for reforms that could shape the industry for years to come.
“The forum will foster meaningful dialogue between stakeholders, create a shared vision for the future, and lay the groundwork for actionable reforms that will impact the sector for years to come. At Rex Insurance, we remain committed to supporting initiatives that strengthen the industry, promote sustainability and improve the overall value we offer to our customers,” she said.
The company noted that its sponsorship underscores its commitment to advancing Nigeria’s insurance industry through innovation, collaboration and the delivery of world-class insurance solutions for individuals and businesses.
About Rex Insurance Limited
Rex Insurance Limited is licensed by the National Insurance Commission (NAICOM) to provide a full range of general and special risks insurance products to the public. With decades of experience in the Nigerian market, the company has built a reputation for technical competence and financial strength.
With a vision of becoming the preferred Nigerian insurance company, the firm is focused on growth and profitability over the next five years, with the goal of increasing its gross premium written and positioning itself among the top-tier general insurance providers in the country.
The company operates from 12 business locations nationwide and is guided by its core values of Resilience, Efficiency, eXcellence, Integrity and Teamwork (REXIT).
