Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Nigeria insurance firms urged to embrace technology

04 July 2016, 09:16

Lagos - The leading provider of telecommunication services and network solutions for businesses in West Africa, MainOne, has challenged the Nigerian insurance industry to adopt the use of data and analytic tools to drive sustainable growth in the sector.

MainOne’s Product Manager, Data Centre, Vremudia Oghene-Ruemu, explained the insurance industry could achieve distinction through effective distribution channels.

Speaking at a round-table in Lagos, he said there was an ever increasing amount of data that insurance companies need to collect, analyze and store in order to properly manage risks.

Also read: Companies partner to provide insurance to locals

MainOne has identified the need for effective data storage and analytics and, being an innovative solutions provider, has developed efficient hosting solutions through its Tier III Data Center–MDXi.

MDXi is a subsidiary of MainOne.

“Adding analytics to the claims life cycle can deliver a measurable ROI with cost savings,” said Oghene-Ruemu.

“Our data center, currently the largest in West Africa, provides a platform for insurance companies to embrace efficient and cost effective hosting solutions. The industry can close product distribution gaps, enhance premium collection, reduce agency fraud and also build consumer confidence.”

Senior executives of insurance companies operating in Nigeria attended the forum in Lagos.

It provided the platform for the exchange of ideas among insurance agents, insurance companies, insurance support organizations and information technology experts.

- CAJ News


Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...