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Content Partners

Leadway Assurance Holds Virtual AGM; Pays N38.5bn Claims in 2019

…Grows Total Assets by 26 to N394bn

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Leadway Assurance, Life Insurance Sales Surge for Nigerian Insurance Firm, Leadway 

May 29, 2020, Lagos Nigeria: Leadway Assurance Company Limited today held its 48th Annual General Meeting (AGM) via a virtual platform in strict compliance with social distancing recommendations by the World Health Organisation, the Federal and the State Governments, as part of efforts to curb the spread of COVID-19.

At the Virtual AGM, the company presented its 2019 Financial Year results to its shareholders and, among critical announcements made at the Annual General Meeting, was an increase in Claims paid to its policyholders, from N33.9billion in 2018 to N38.5billion in 2019. The company also posted stronger balance sheet size which enlarged by 26% from N312billion recorded in 2018 to N394billion in 2019 in support of a Gross Written Premium (GWP) of N90.6billion in 2019, itself with an increase of 4% from N87.5billion in 2018. The company attributed the growth in its GWP to a boost in its composite business, specifically via the Specialty Life portfolio.

Speaking during the company’s AGM, the MD/CEO, Mr. Tunde Hassan-Odukale, reiterated Leadway’s continued commitment to its policyholders through prompt Claims payment, as the bedrock of the company’s business. With this, the company has now paid over N136billion in Claims in the last six years.

“We continue to demonstrate our commitment to our loyal customers through our customer services delivery channels, underpinned by a motivated team, outstanding brokers and agents, innovations and technology.

“I am proud that we have transmitted the principle of devoted customer-focus into a five-decade legacy that would continue to be the compass with which we steer the next half-century of operational excellence. With our balance sheet strength and technological innovations, we are confident of maintaining market leadership, whilst deepening insurance penetration to our youthful African population,” Mr. Tunde Hassan-Odukale said.

In his remark, the Chairman, Board of Directors, General Martin Luther Agwai (CFR) acknowledged the outstanding strategic leadership qualities, vision, and the prudence the erstwhile Managing Director, Mr. Oye Hassan-Odukale retired from the company after 38 years of dedicated stewardship.

He welcomed Mr. Tunde Hassan-Odukale “to chart the next path and phase of growth for Leadway to become a global competitor of the next generation’s reference.”

He maintained that the company is in pole position to meet the new regulatory requirements for recapitalization of the industry. “The prudence of the company’s Management over the years has prepared us for the regulations of today where we are in a good position to comply with the minimum share capital requirement without the exigency for any call on shareholders. I am also happy to inform you that the regulator has approved the company’s recapitalization plan and extended full compliance timeline till 31st December”, the Chairman added.

Leadway Assurance is one of Nigeria’s foremost insurance service companies with a reputation for service efficiency and customer reliability. The organization is committed to bridging the financial protection gap and increasing the rate of insurance penetration in Nigeria.


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    Content Partners

    SalesRuby to gather over 300 revenue leaders from Nigeria, Kenya, South Africa, Ghana at the Africa Revenue Summit (AFRES2021)

    The event which holds at The Campbell Centre, Marina, Lagos will feature 25+ Speakers, 25+ Sessions across several distinct tracks.

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    The Africa Revenue Summit formerly known as Sales Leadership Conference (SLC) has evolved over the past four years as the largest convergence for revenue leaders across corporate Africa. The first, second and third editions hosted by SalesRuby held in Lagos, Nigeria in 2018, 2019 and 2020 respectively welcoming over 400 participants each year.

    This year’s edition intends to gather over 500 participants from across Africa including Kenya, Ghana, Nigeria and South Africa to discuss modern strategies, processes and techniques for driving the growth of companies and organizations. This year’s event; up from just focusing on sales; would be taking a deep-dive review of themes across the entire revenue value chain which would include sales, marketing, culture, people leadership etc.

    The event which holds on Friday & Saturday, June 4th & 5th, 2021 at The Campbell Centre, Marina, Lagos will feature 25+ Speakers, 25+ Sessions across several distinct tracks. The theme of the summit is “Scaling Growth, Optimizing Margins”

    Some of the speakers at AFRES 2021 include:

    • Motayo Latunji – Sales Director, Hayat Kimya
    • Bunmi Jembola – CEO, SaleRuby
    • Olutayo Latunji – Head of Sales Operation, Nestle Nigeria
    • Winston Nolan – CEO, Sales Machine (South Africa)
    • Sam Kariuki – Sales Trainer, Growth Partners (Kenya, East Africa)
    • Mawuli Ocloo – Chief Sales Partner, Salesmark Services (Ghana)
    • Yewande Akomolafe-Kalu – Head, Branding & Storytelling, Flutterwave
    • Ose Osundeko – Group Head, Digital Marketing, Fidelity Bank
    • Kenechi Eneh – Divisional CEO, ipNX 
    • Adenike Lucas – VP, Sales & General Manager – West Africa, Upstream
    • Fikayo Akeredolu – Head of Growth, Stears
    • Ibiyinka Dada – Digital Marketing Manager, Airtel
    • and 13+ more industry leaders

    What to expect at the Africa Revenue Summit:

    The speakers and leaders, which were selected from across four countries in Africa and across multiple fields related to the theme, will offer invaluable insights and actionable strategies to CEOs, Executive Directors, Head of Sales, Marketing Directors and associated stakeholders on such topics as:

    • Designing a modern sales process for growth
    • How to shorten deal cycles
    • Telling brand stories that cut through the noise
    • Strategic interventions for growing key accounts
    • Culture as a force for growth
    • Best class content strategies for today’s buyers
    • Understanding the core principles and practice of sales enablement
    • Designing a winning inside sales strategy
    • Go to market strategies fit for these times
    • Leading a product-led growth strategy
    • Recruiting, onboarding & retaining exceptional sales talents
    • and many more sessions

    Interested in participating in this event, visit https://afres.africa/get-ticket/

    Call 09070047684, 09070048214. You can also send an email to [email protected]

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    https://www.instagram.com/afresummit/

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    Content Partners

    Accelerex Tech Open House creates opportunities for innovative Nigerians

    Accelerex is renowned for its pedigree in innovation, world-class technology, excellent customer service and a commitment to provide fintech solutions.

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    Nigeria’s foremost fintech company, Global Accelerex (“Accelerex”), is creating exciting job opportunities for young and innovative Nigerians with a strong bias for technology, through its Accelerex Tech Open House. The first edition of the event held recently at Radisson Hotel, Ikeja, with the finest set of creative and brilliant software engineers and tech innovators in attendance.

    The young, vibrant and smart-looking techies took turns to chat with the company’s in-house assessors. This was followed by intense conversations and demos, as each of the participants displayed novel approaches to software design and development.

    Speaking about the company’s objective for organizing the event, Executive Director, Technology and Innovation, Mr. Stanley Peters, stressed that Accelerex’s most valuable asset is its human resource. Therefore, it places the highest premium on attracting the best talents across the country.

    “As a Company, we know that there are Nigerian software engineers that can rival their counterparts around the globe, as recent developments in the fintech space have shown. A critical part of our effort to strengthen the digital economy is the creation of this platform where outstanding individuals can showcase their skills and can join the Technology Team at Accelerex. We believe that the next big names in the technology space will come out of Africa, and we are providing the breeding ground for them,” Mr. Peters stated.

    Executive Director, Technology and Innovation, Mr. Stanley Peters

    The Head, Human Resources, Mr. Rowland Ogbonda, pointed out that the company is expanding the frontiers and setting a new benchmark in the Nigerian fintech space by giving unrivalled opportunities to highly skilled tech talents with non-traditional education to join its workforce and become part of a team that is solving real-life problems for its target markets.

    “We understand that there are many talented innovators and software engineers with disruptive ideas that they are eager to unleash. Therefore, we have scrapped the university degree requirement, and are prioritizing technical depth and capabilities above years of experience for tech candidates, even as we try to champion inclusion in our recruitment process. With our culture of continuous learning, improvement and upskilling, successful attendees would certainly realise their full potential with us,” Mr. Ogbonda added.

    Further buttressing this position, Head, Enterprise Technology Solutions, Mr. Lanre Afodunrinbi, disclosed that the company’s expansion to other parts of Africa made it necessary to beef up the Technology Team to continually deliver superior solutions to its different markets.

    “We believe in the youths and are giving them an opportunity to expand their knowledge and capabilities by selecting the smartest among them to leverage our African expansion and other growth initiatives. This will expose, challenge and motivate them to seek far-reaching solutions to perennial payment problems. Through this, we are also contributing to the economy and reducing the unemployment figures in Nigeria. Initiatives like our open house will go a long way towards curbing brain drain, as young and tech-savvy Nigerians will no longer jump on the next flight in search of greener pastures, when they can have the same opportunities here,” Mr. Afodunrinbi concluded.

    At the end of the session, participants were given a dose of Accelerex’s hospitality, and were treated to upscale dining, gift packs and a free ride to and from the venue. The event gave prospective talents an immersive experience of the Accelerex culture in a warm, relaxed and engaging environment, which made the company an attractive career choice for them.

    Accelerex is renowned for its pedigree in innovation, world-class technology, excellent customer service and a commitment to provide fintech solutions that evolve with customers’ needs across Africa. The company has set itself apart as a great place to work with a meaningful set of values that have defined its culture and helped cultivate an environment that embraces diversity and promotes ingenuity. Visit www.globalaccelerex.com to learn more about how you can join the Accelerex team.

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