Efficient Policy Frameworks Will Attract Investors, Says Ovia

By Clement Alphonsus

Founder and chairman of Zenith Bank Plc, Jim Ovia, has disclosed that a more regulatory and policy frameworks will help deepen insurance penetration and attract investors.

This was disclosed by Ovia during Zenith Insurance’s 20th anniversary held in Lagos.

He noted that Nigeria cannot experience meaningful development or attract the needed investments with the current one per cent penetration.

He explained that there was an urgent need to revive the insurance sector through policy changes that would enable people to invest in the insurance sector.

According to him, “My own belief is that there is so much to do in the insurance sector; there is so much we haven’t done.”

Also, during the occasion some members of staff were celebrated for their dedication and excellent service.

Similarly, the company also celebrated its loyal customers for standing with the brand for the past two decades.

Chief Financial Officer, Zenith Insurance, Chioma Anukwu, noted that the company is looking forward to outstanding growth in the future in terms of revenue and profitability.

She said, “We are also looking forward to innovative ideas and strategy, breaking new ground, and increasing our market share in the industry. We are also looking forward to a better Nigeria because if the country is good Businesses will thrive."