Rack Centre charges insurers on technology for growth



Insurance executives in Nigeria have been advised on the need to leverage technologies to be able to meet the rising expectations of their clients.

Besides, the insurance industry also needs various and modern technologies for the anticipated growth in the Insurance Industry.

This was the advised of the Managing Director of Rack Centre, Nigeria’s first Tier lll design-certified data centre, Ayotunde Coker.

Coker, who spoke in Lagos at a seminar organised by the Nigerian Insurers Association (NIA) for Insurance Industry Chief Information Officers (CIOs) said, “If the banking industry had not been embracing new technology, they would not have been able to meet the expectations of their customers, in particular, with the introduction of the cashless policy. In some instances, the industry has leap frogged banks in other international markets.”

The Insurance industry currently has more opportunity for growth and therefore, explosion of data, and Coker, who was a former CIO of a leading Nigerian bank and UK Government, said the situation may change so soon and drastically, especially if there was a policy directive by the regulatory authorities that enhances high customer drive –

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