Chioke Calls for Stronger Insurance, Pension Framework

Ebere Nwoji 

Chairman of Rex Insurance Limited, Mr. Ike Chioke, has called for stronger frameworks for the insurance and pension industries to boost economic growth.

Rex ins.

Chioke, who is also the Group Managing Director of Afrinvest Limited, made the call at the 10th Anniversary Conference of the Nigerian Association of Insurance and Pension Editors in Lagos.

In his paper titled, ‘Strengthening Insurance and Pension Frameworks for a Better Economy’, Chioke emphasised the need to strengthen the frameworks to ensure long-term economic stability and financial inclusion.

Speaking at the event, Chioke, who was represented by Group Deputy Managing Director, Afrinvest Limited, Mr. Victor Ndukauba, said, “Insurance and pensions are twin pillars of financial security that not only protect against risks but also mobilise long-term capital and foster sustainable growth. They are not mere financial products; they are the backbones for a resilient economy.”

“To transform these sectors into engines of economic growth, we must strengthen their frameworks at all levels. Note that immense progress has been made by the insurance and pension sectors of the economy,” he said.