Insurance industry in Africa stands at a defining moment – Olajolo
Olamide Olajolo, chief executive officer, Coronation Insurance, has said that Africa’s insurance industry stands at a defining moment — one where technology must serve people, not replace them.
“As leaders, we have a collective duty to build trust, embrace technology, and deepen access to protection for individuals and enterprises alike. I am honoured to serve alongside peers who share this commitment to Africa’s prosperity,” Olajolo said.
“At Coronation Insurance, we believe smart insurance is not just digital; it’s dependable. By leveraging AI and data, we are building systems that predict risk more accurately, resolve claims faster, and empower customers with confidence.
“But the real transformation lies in nurturing talent, the people who will build tomorrow’s insurance institutions,” he said ahead of his speaking at the 2025 Africa Financial Summit (AFIS) on November 3-4 in Casablanca, Morocco.
Olajolo will participate in a high-level roundtable session titled “Smart Insurance: Sharpening up Claims, Risk Modelling and Operations with AI and Insurtech.” The discussion will explore how artificial intelligence (AI) and digital tools are redefining insurance operations, improving claims accuracy, and deepening inclusion across African markets.
His participation forms part of Coronation Group’s broader engagement at AFIS 2025, where conversations will centre on how Africa can mobilise domestic and institutional capital to power private sector growth.
This year’s summit, themed “Unlocking Africa’s Financial Sovereignty: From Savings to Strategic Power,” will bring together more than 1,000 leading voices in finance, including top bankers, insurers, asset managers, fintech innovators, and regulators, to discuss how Africa can strengthen its financial systems and harness the continent’s full economic potential.
Together, Coronation’s leadership across banking, insurance, and asset management reflects a unified vision to strengthen the continent’s financial foundations and unlock prosperity through innovation, trust, and long-term thinking.
Africa Financial Summit remains one of the continent’s most influential platforms for shaping financial leadership and collaboration. Coronation’s involvement underscores its purpose to create a prosperous future for its clients and the African continent and its mission of providing transformational solutions to Africa’s challenges.
…also appointed to the jury of the African Financial Summit (AFIS) awards
Olajolo has also been appointed as a member of the distinguished jury for the AFIS Awards 2025 – African Insurer of the Year.
The AFIS Awards 2025 will take place during the African Financial Summit, a high-level gathering of policymakers, financial executives, and innovators shaping the continent’s financial future.
The African Financial Summit (AFIS) Awards celebrate the trailblazers shaping the continent’s financial ecosystem. This year’s African Insurer of the Year Award will recognise outstanding executives and institutions driving innovation, trust, and sustainable growth within Africa’s insurance sector, fostering resilience and expanding protection across communities.
Olajolo’s appointment reinforces Coronation’s role as a leading African financial services partner for sustainable wealth creation and aligns with Coronation’s broader mission of providing transformational solutions for Africa’s challenges.
Olajolo joins an esteemed panel of industry leaders, including Barbara Chesire from Kenya, Yared Mola from Ethiopia, Namakau Ntini from Zambia, and Mehdi Tazi from Morocco, all distinguished figures whose leadership continues to shape the future of insurance and financial regulation across the continent.
Together, they will identify and celebrate the insurer whose vision and innovation are redefining risk management and financial inclusion in Africa.
