NewzTo celebrate Inspiring business leaders of Excellence Driving Nigeria’s Economic growth,Chioma kachi Ewelike sat with the professional par excellence in person of Mr.Olalekan Oyinlade Managing Director/CEO emPLE General Insurance and Mr.Jolaolu Fakoya Managing Director/CEO emPLE Life Assurance Ltd to discuss business so far. Mr.Olalekan Oyinlade Managing Director/CEO emPLE General Insurance 1. You have built a distinguished career in Nigeria’s insurance and financial services industry.
What experiences have shaped your leadership journey, and how are they influencing the kind of business you are building at emPLE? My journey has spanned more than 27 years in insurance, across underwriting, reinsurance, claims, business development and executive leadership. Working across these areas has given me a practical understanding of insurance: you have to understand the risk, price it responsibly, build the right relationships and, most importantly, be there when the customer needs you.
I began my career in general business underwriting and reinsurance and have had the opportunity to work across different organisations and in leadership roles before becoming Managing Director of the General Insurance business. Each experience has reinforced for me the importance of technical discipline, strong relationships and keeping your word. That influences how I lead emPLE General today.
We want to build a business that is commercially strong, technically sound and trusted by customers, brokers and partners. Growth is important, but sustainable growth comes from doing the fundamentals well and consistently delivering on the promise we make to customers. Following the industry’s recapitalisation exercise, what must insurers do to ensure that stronger capital translates into stronger businesses and tangible value for customers?
Recapitalisation is important, but capital alone does not create a great insurance company. What matters is what you do with that capital. For general insurance, increased capacity should enable us to retain and underwrite larger, more complex risks locally, invest in stronger technical capabilities and technology, improve claims delivery, and develop solutions that respond to the changing risks facing Nigerian businesses and individuals.
At emPLE General, we view our capital position as a platform rather than an achievement in isolation. To Celebrate Inspiring Business leaders driving Nigeria’s Economic growth Chioma kachi Ewelike sat with the professional par excellence in person of Mr Akinlolu Akinyele Managing Director of IGI Insurance Plc to discuss Business so far. Can you share some insights into your journey to becoming one of Nigeria’s leading figures in the finance industry?
Summary from source