Billionaire Tony Elumelu's Wife Makes Case for Women, Demands Gender Equality in Insurance Sector
Dr. Awele Elumelu, Chairperson of Heirs Insurance Brokers (a subsidiary of Heirs Insurance Group) and Avon HMO, has joined the growing call from female business leaders advocating for gender equality and increased female representation in leadership roles within Nigeria's insurance sector.
Speaking at the recently concluded International Conference for Women in Insurance, hosted by the African Insurance Women Association (AIWA) in Lagos, she delivered a keynote address titled “The Future of Insurance: Trends, Challenges, and Opportunities.”
Source: UGC
Dr. Elumelu highlighted that promoting women in leadership is not only a moral necessity but also a key strategic advantage.
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Addressing the need to increase female participation in the industry, she emphasized that women contribute unique perspectives and empathy, which are vital for creating inclusive, human-focused solutions.
She pointed out the African insurance sector's low pen*tration rate, currently under three percent, as a major area for growth.
Additionally, she underscored the role of digital innovations and microinsurance in improving accessibility and fostering greater inclusion.
She said:
“With our young, tech-savvy population, we have a unique chance to build products that truly resonate with Africans, especially through mobile technology, which can help reach underserved communities and foster financial literacy among younger generations.”
She advocated for robust public-private partnerships to drive regulatory advancements and build customer confidence.
By fostering collaboration among industry stakeholders, regulators, and local communities, a foundation can be established for a resilient and inclusive insurance industry capable of supporting economic growth across Africa.
Tony Elumelu gives important tips to entrepreneurs
In related news, Legit.ng reported that Elumelu has dropped some jewels for entrepreneurs and business people hoping to enter partnerships.
The stylish billionaire, known to often give business tips to intending and established business owners on his social media pages, gave some tips on forming successful partnerships.
The philanthropist advised entrepreneurs to engage in partnerships exclusively with individuals who possess congruent business philosophies, ideals, and perspectives akin to their own.
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Source: Legit.ng
