CHI Life Assurance and Consolidated Hallmark Push for Broker Collaboration

At the Ibadan Professional Brokers Forum, Consolidated Hallmark Insurance Limited and CHI Life Assurance Limited urged for enhanced collaboration among insurers, brokers, and industry stakeholders to foster growth in Nigeria’s insurance sector. The companies, both subsidiaries of Consolidated Hallmark Holdings Plc, emphasized the importance of understanding customers' evolving needs and developing relevant insurance products.

Mrs. Mary Adeyanju, Managing Director/Chief Executive Officer of CHI Limited, and Mr. Tope Ilesanmi, Managing Director/Chief Executive Officer of CHI Life Assurance Limited, led the discussions. Adeyanju highlighted the critical role of brokers in the insurance value chain, particularly in identifying risks and ensuring proper coverage for policyholders.

She called for innovative product development that addresses real customer needs and urged the industry to improve its public image. Ilesanmi noted CHI Life's growth from a micro life insurance company to a full life assurance business, reporting a capital increase from N10bn to N11.2bn and N1bn in claims paid over the past six months.