Grye, MyCover.ai Collaborate to organise IBS Insurance Innovation Roundtable in Lagos, Nigeria

Lagos, Nigeria – October 11, 2024

For four years, Grye has led efforts to foster collaboration on insurance innovation and InsurTech among ecosystem players on the continent. Grye is now thrilled to announce the launch of the IBS Insurance Innovation Roundtable in collaboration with MyCover.ai, the leading InsurTech company in Nigeria driving embedded insurance offerings across various sectors.?

The IBS Roundtable is an exclusive quarterly event that unites key players in the African insurance ecosystem, including InsurTech pioneers, insurers, reinsurers, brokers, investors, and regulators. This gathering aims to foster critical discussions on emerging trends, exchange valuable insights, and collaborate on forward-thinking solutions to accelerate insurance penetration and promote financial inclusion across Africa, with a focus on Nigeria. Through this platform, stakeholders will explore ways to drive innovation and strengthen the industry's impact on underserved communities.

The first edition is themed "Shaping the Future of Insurance through Partnership, Innovation, and Technology" and will take place on the 24th of October 2024 in Lagos, Nigeria.

“As we witness the rapid evolution of the African insurance industry, there’s an urgent need to not only adapt but also to shape the narrative,” says Adedamola Oloko, Co-founder of Grye Ltd. “This roundtable will create a space for meaningful dialogue between ecosystem players to address the unique challenges facing the industry and chart a course for sustainable growth.”

Folumy Olorunmola, Co-founder of Grye Ltd, echoed this sentiment, adding, “Partnership and innovation are at the core of this initiative. With MyCover.ai as our exclusive partner and a leading force in African InsurTech, we are confident that these roundtable sessions will be a catalyst for the industry.”

Adebowale Banjo, Co-founder of MyCover.ai, highlighted the importance of technology in shaping the future of insurance in Africa: “Technology is redefining the insurance landscape, making it more accessible and inclusive. This event is a pivotal opportunity to ensure that Africa's insurance ecosystem leads global innovation. We are excited to collaborate with all stakeholders to explore cutting-edge solutions and drive meaningful change that will enhance insurance reach across the continent.”

The Nigerian Insurance Association (NIA) is proudly supporting the event, further underlining the importance of this initiative to the local insurance industry. “The NIA is committed to advancing insurance innovation in Nigeria and beyond, and we are proud to support the IBS Insurance Innovation Roundtable as a platform for fostering the partnerships and technological advancements necessary for the industry’s growth,” said the DG, Mrs. Bola Odukale.?

The IBS Insurance Innovation Roundtable is expected to attract a diverse group of industry leaders and innovators who are passionate about shaping the future of insurance in Africa. The event will serve as a vital platform for stakeholders to discuss trends, share insights, and collaborate on innovative solutions that can drive insurance penetration and enhance financial inclusion across the continent.

For more information, please contact:?

Grye Ltd: [email protected]

MyCover.ai: [email protected]

About Grye Ltd

Grye Ltd is a leading company dedicated to advancing innovation in the African insurance landscape through the InsurTech Business Series (IBS). The IBS platform fosters learning, collaboration, and innovation through its flagship initiatives like IBS Podcast, IBS Features, IBS Roundtable and IBS Conference.

About MyCover.ai

MyCover.ai is the InsurTech startup revolutionizing Africa’s insurance industry by building a cutting-edge digital infrastructure. Through its open insurance API, MyCover.ai seamlessly connects with insurance companies, offering streamlined claims processes and easy integration for businesses across various sectors. Fintechs, proptechs, e-commerce platforms, telcos, logistics, ride-hailing services, and BNPL platforms can embed over 30 personalized insurance products directly into their offerings, making it simple to provide tailored insurance solutions to their customers. With MyCover.ai, businesses can unlock new opportunities and enhance customer protection with ease.

About Nigerian Insurance Association (NIA)

The Nigerian Insurance Association (NIA) is the umbrella organization for insurance companies in Nigeria. The association plays a pivotal role in promoting industry growth, enhancing consumer trust, and fostering innovation within the Nigerian insurance market.