This is ahead of the conference scheduled for Friday, September 18, 2026, at Balmoral Hall, Sheraton Hotel, Lagos, with the theme “Building Insurance That Connects.”

As Official Insurer, Leadway Assurance brings a five-year streak of unwavering commitment to the platform, a signal of an enduring partnership with IMT and a sustained investment in reshaping how insurance is experienced across Nigeria.

With a legacy spanning over five decades of underwriting excellence and customer trust, the company continues to champion tech innovations toward an insurance sector that is more convenient, more accessible, and more attuned to the everyday needs of the people it serves.

CubeCover operates where insurance, technology and everyday consumer experience meet. As Official Digital Insurer, it represents the growing role of artificial intelligence in making insurance more accessible, relevant and embedded in daily life. The company has reached over 4.5 million users through telecoms, fintech, and retail channel integrations, powered by plug-and-play API infrastructure, USSD, and mobile, with digital products spanning health, auto, property, life, and device insurance.

CubeCover is ambitious about affordable insurance for over 10 million Nigerians by 2027, speaking directly to the access agenda at the heart of IMT 5.0.

Vitse Technologies joins as Official Technology Partner with a technology-first approach to insurance management across Africa. Its suite of solutions spans general and life insurance administration, micro-insurance, broking, claims adjustment, agency management and automated accounting, helping insurers streamline policy administration, claims processing, compliance, customer engagement and other operational processes on a single connected platform.

Speaking on the partnerships, Odion Aleobua, Convener, Insurance Meets Tech and CEO, Creato Urban, said, “We are delighted to welcome Leadway Assurance, CubeCover and Vitse Technologies as early sponsors for IMT 5.0. Each organisation represents a critical part of the transformation taking place across the insurance ecosystem, from the depth and experience of traditional underwriting to the digital models making insurance more accessible, and the technology infrastructure enabling insurers to operate smarter and serve customers better. Their participation reinforces our belief that the future of insurance will not be built by one sector alone, but through strategic partnerships between insurers, technology companies, customers and the wider ecosystem.”

About Insurance Meets Tech

Insurance Meets Tech (IMT) is West Africa’s leading platform for conversations and collaborations across insurance, technology, innovation and financial inclusion. The platform convenes industry leaders, regulators, founders, investors and innovators to explore the ideas, technologies and partnerships shaping the future of insurance in Africa.

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The licence was presented at a formal ceremony by the Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, who said the approval aligns with the Commission’s strategic priorities of consumer protection, stronger regulatory capacity, financial soundness, innovation, sustainability and increased insurance inclusion.

Omosehin noted that technology-driven solutions and alternative distribution channels are critical to addressing Nigeria’s low insurance penetration rate. He said digital platforms have the potential to reach underserved communities, particularly young people who primarily access services through mobile devices, making insurance products more accessible, affordable and inclusive.

According to the Commissioner, insurtech companies play a vital role in advancing NAICOM’s innovation and financial inclusion agenda, adding that the Commission remains committed to fostering collaboration with licensed innovators while maintaining robust regulatory oversight to protect consumers and ensure the stability of the insurance industry.

During the ceremony, Omosehin formally presented the Partnering Insurtech licence to NETAPPS, recognising the company as an authorised innovator within Nigeria’s insurance distribution ecosystem.

With the licence, NETAPPS is expected to deploy its digital capabilities to broaden access to insurance products, strengthen partnerships with licensed insurers and intermediaries, and operate in full compliance with the Commission’s regulatory framework.

NAICOM said the move reflects its continued efforts to modernise Nigeria’s insurance industry by encouraging innovation, promoting digital transformation and expanding insurance coverage to more Nigerians.

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The groundbreaking feature allows customers purchasing motor insurance policies to capture images of their vehicles directly through the onboarding portal using AI-powered image recognition technology. The solution streamlines the vehicle inspection process, making it faster, more convenient, and more accurate for customers.

As one of the first innovations of its kind within Nigeria’s insurance industry, the AI-enabled feature represents a significant step forward in the digital transformation of insurance services. By automating vehicle image capture and documentation at the point of policy purchase, Coronation Insurance is simplifying the customer journey while enhancing underwriting and claims management processes.

Speaking on the development, Olamide Olajolo, Managing Director at Coronation Insurance, said:

“At Coronation Insurance, we continuously seek innovative ways to improve customer experience through technology. This AI-powered vehicle inspection feature is a game changer that enables customers to complete their motor insurance purchase seamlessly while providing us with accurate vehicle records that can support faster and more efficient claims processing.”

The captured vehicle images are securely stored and can serve as valuable reference points in the event of an accident or claim. This helps reduce claim assessment timelines, improve transparency, and support quicker claims resolution for customers.

The introduction of the AI-enabled feature aligns with Coronation Insurance’s broader digital transformation strategy aimed at making insurance more accessible, convenient, and responsive to the evolving needs of customers.

With this innovation, Coronation Insurance continues to strengthen its position as a forward-thinking insurer, delivering technology-driven solutions that enhance customer satisfaction and set new standards for the insurance industry.

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