Hon. Justice Olufunmilayo Atilade joins Almond Insurance Industry Awards panel of judges, as nominations open today May 24

From left: Faith Ughwode, Chief Executive Officer, Almond Productions Ltd; Prisca Soares, Chairman, Awards Panel of Judges, 2024 Almond Insurance Industry Awards, and Dr. Jide Fadun, Vice Chairman of the panel, during the 2024 Almond Insurance Industry Awards
press conference and unveiling of the website for nominations, held in Lagos on Friday.

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Chuks Udo Okonta

The stage is now set for the 2024 Annual Almond Insurance Industry Awards, as nominations officially opens today Friday, May 24, 2024 and will run for four

To affirm the integrity of the awards, Hon. Justice Olufunmilayo Atilade, the 15th Chief Judge of Lagos State, has been admitted into panel of judges.

Hon. Justice Olufunmilayo Atilade,

Chairman of the award Panel of Judges, immediate past Secretary General of the African Insurance Organisation (AIO); Ms Prisca Soares, at a press conference today in Lagos, said the awards is aimed at rewarding the “Can Do Spirit” of the men and women in the various arms of the Nigerian Insurance Industry who daily push boundaries to sell Insurance despite the low acceptability and low purchasing power of many Nigerians.

According to her, the 2024 awards will hold on Friday November 1, 2024 at the Queens Park Events Center Water Corporation Drive/Trinity Avenue off Ligali Ayorinde Street Victoria
Island Lagos.

She said the 2024 edition tagged #Reinvent Edition, will once again bring together policy makers, insurance practitioners, top rated entertainers in music and comedy, para military and the insuring public in an atmosphere of fun and relaxation.

Chief Executive Officer of
Almond Productions Limited Ms. Faith Ughwode, said innovations have been introduced in the entire process of the awards this year so as to put the Nigerian Insurance Industry on
a new pedestal come November 1st 2024.

She noted that while insurance awareness and penetration is still low, insurance practitioners are
making steady gains by way of gross premium income which has hit one trillion
Naira as at the end of 2023.

Given the overwhelming support and participation from all arms of the Industry last year, the 2024 awards categories has been streamlined to meet with international standards, she posited.

She submitted that some categories have been dropped and others introduced to engender inclusivity.

According to her, the shortlisted categories this year are:Insurance CEO of the year; Insurance Woman of the year (Insurer or Broker); Life Insurance Company of the year; General Insurance Company of the year; Insurance Broker of the year; Insurance Broking Company of the year; Takaful Company of the year; Micro Insurance Company of the year and the Most valuable Insurance Customer of the year.

Ms Prisca Soares,

Non-Voting Categories include; Insurance Life Achievers Award (Insurer or Broker) and Special Recognition Award 2024 (Within and Outside the Industry), she said.

These shortlisted categories, she noted were painstakingly chosen to reflect the current composition of the Nigerian Insurance Industry.

She maintained that to ensure the integrity and transparency of the awards the entire process as always from nominations, voting, selection is driven by data and technology.

“It’s a web based process. People can only nominate and vote for their choice via the website:
The website is foolproof so it is those who deserve to win that will emerge at the end of the entire process,” she added.

Ms Prisca Soares having a discussion with Publisher of Inspenonline Chuks Udo Okonta at the event

According to her other members of panel of judges are: Dr. Jide Fadun
Risk Management and Insurance Specialist, Senior Lecturer Department of Actuarial Science and Insurance University of Lagos; Obinna Chilekezie, an insurance expert/researcher –
one time Head Research and Statistics, Nigerian Insurers Association (NIA); Obashola Alo, Group Head Financial Risk/Insurance Dangote Group and Rasaak Salami Assistant Director/Head Corporate Affairs National Insurance Commission

Ms. Ughwode implored members of the public to visit the awards website to
nominate and vote for their choice.

Journalists at the event.

She submitted that people are often quick to condemn Insurance companies even when their claims are settled, stating that other players in the financial services sector or even telecoms
sometimes get away with“Blue Murder”but not Insurance. So for anyone who
has benefited from the workings of Insurance either as individual or corporate
clients, this is the time to encourage that Insurance or broking company by
nominating and voting when the time comes, she posited.

She said insurers and brokers are also encouraged to nominate their loyal customers for the most valuable insurance customer award this year, and that clients needs encouragement to do more so that it’s a win win situation.

Additional information on the Awards and the entire process, she said are on the website https:/

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