Continental Reinsurance Commissions ₦70m ICT Lab to drive digital learning at CIFM

Continental Reinsurance Commissions ₦70m ICT Lab to drive digital learning at CIFM

Continental Reinsurance has reaffirmed its leadership role in advancing digital transformation and human capital development within Africa’s insurance industry through the inauguration of a ₦70 million ICT facility at the College of Insurance and Financial Management (CIFM) in Lagos.

The new “M.H. Koguna IT Lab”, named in honour of the company’s first Chairman, was conceived in December 2024 by Group Managing Director, Mr. Lawrence Nazare, and completed under the leadership of Managing Director, Dr. F.K. Lawal. The project reflects the company’s ongoing commitment to promoting technology-driven learning and building capacity among future insurance professionals.

Speaking at the commissioning ceremony held on Tuesday, November 4, 2025, Dr. Lawal said the initiative aligns with Continental Reinsurance’s vision to enhance the digital readiness of Nigeria’s insurance sector. He noted that the facility would provide students and practitioners with hands-on exposure to modern ICT tools critical to the industry’s evolution.

READ ALSO:

• Lateef Adedimeji, Tina Mba, Ruby Akubueze shine at 2025 AMAA awards
• Naira trades weaker amid falling dollar inflows, rising demand
• Trump threatens $1 billion lawsuit against BBC over ‘defamatory’ documentary edit

The event drew key figures from the insurance community, including Executive Director, Mr. Emeka Akwiwu; Regional Director (Lagos), Mr. Ogadi Onwuaduegbo; President of the Chartered Insurance Institute of Nigeria (CIIN), Mrs. Yetunde Ilori; and Chairman of the CIFM Board, Mr. Jide Orimolade.

In her remarks, Mrs. Ilori commended Continental Reinsurance for its sustained investment in professional development, describing the ICT lab as “a timely contribution that will bridge the digital skills gap in the industry.”

Mr. Orimolade also lauded the project as a model for corporate–academic collaboration, emphasizing that the lab would help reposition the college as a centre of excellence in insurance and financial management training.

With the M.H. Koguna IT Lab, Continental Reinsurance continues to set the pace in corporate social responsibility, education support, and digital empowerment — reinforcing its vision of a smarter, more innovative African insurance landscape.

Continental Reinsurance Commissions ₦70m ICT Lab to drive digital learning at CIFM