" ITREALMS: Chams advocates IT propelled insurance expansion

Thursday, August 06, 2015

Chams advocates IT propelled insurance expansion

The Managing Director, Chams Plc, Sir Demola Aladekomo has called on insurance companies to leverage on the tools of Information Technology for efficient service delivery, ITRealms reports.

He said, with swift accessibility of information and automation of business processes made possible by technology, Aladekomo urged insurance companies to take advantage of IT tools such as mobile phones, ATMs, POS, online retail websites and kiosks to offer real-time services and products to members of the public for market penetration to expand their businesses to new frontiers.

As the guest speaker at the Insurance Industry 2015 Mega Conference where he was represented by the Managing Director, Chams Access Limited, Funke Alomo-Oluwa, ITRealms learnt, Aladekomo delivered a paper entitled "Information Technology as a Strategy for Market Penetration and Expansion."   The ICT guru added that "Insurance must be seen, felt and sold like commodity that it is. It should be sold everywhere.

"There is a need for insurance companies and her professional bodies to leverage this platform by partnering with relevant companies and agencies in the technology sector to create and provide specialized services which would help update their internal and external operations."

According to The Guardian, Aladekomo, who is also the Chairman of Smart City Resort Plc, remarked that insurance companies can maximize the use of IT in building an efficient data base, conducting data analytics and recovery of lost items via systematic tracking. Smart City Resort Plc is the holding company for the SmartCity Innovation Hub.

The SmartCity Innovaton Hub is an A-grade technology development infrastructure promoted by the Nigeria Computer Society (NCS), Association of Telecommunications Companies of Nigeria (ATCON), National Information Technology Development Agency (NITDA), and the Federal Ministry of Communications Technology, ITRealms reports.

Cyriacus Nnaji/GEE with additional reports by The Guardian

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Pix: Sir Demola Aladekomo

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