Niyi Onifade, the Managing Director and Chief Executive Officer of Heirs Life Assurance, a subsidiary of Heirs Insurance Group, has been duly elected to serve on the Governing Council of the Nigerian Insurers Association (NIA). This decision was made during the Association’s 53rd Annual General Meeting, which took place on June 27, 2024.

Onifade’s election to the Governing Council is a significant development that reinforces the Association’s role as a leading organization guiding the Insurance industry toward contemporary practices and customer-centric policies. This strategic move aims to enhance public engagement and foster a closer relationship between the insurance sector and the general populace.

Regarding the election of Onifade, Bola Odukaye, the Director General and CEO of NIA, shared his insights, ‘We strongly believe your expertise and contributions will significantly enhance the quality of the Council’s deliberations and activities towards positioning the insurance industry to its rightful place in the Nigerian financial services sector.’

Niyi Onifade reaffirmed his unwavering dedication to the Association during his address. He stated that, “I am honoured by the Council’s trust in my leadership capabilities and the opportunity given to serve and contribute my quota to the transformation of the Nigerian Insurance industry. This election is also a testament to Heirs Insurance Group’s unwavering commitment to advancing the insurance industry.’

The Nigerian Insurers Association (NIA) remains committed to fostering the growth and stability of the Nigerian insurance sector. Onifade’s extensive experience and expertise will prove invaluable in shaping policies and strategies that promote a favorable outlook for both the industry and the broader economy.

Niyi Onifade is a seasoned insurance professional with over three decades of experience in the Nigerian insurance industry. He currently serves as the Managing Director and Chief Executive Officer of Heirs Life, a member of Heirs Insurance Group, which is recognized as Nigeria’s fastest-growing insurance group.

Heirs Insurance Group is at the forefront of innovation in the insurance sector, pioneering a new era of insurance solutions. This includes the introduction of various initiatives such as a user-friendly mobile app, USSD, Prince, an intuitive chatbot, InConnect, a partnership portal, and a Digital Experience Centre, among others.