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Following his social reengineering prowess, the Founder/CEO fundvine Capital Group Dr. Michael Enyinna has commended Mr. Tope Smart on his election as the Vice President of AFRICA Insurance Organisation (AIO).
Dr. Enyinna said that there is no doubt that Tope Smart will bring his wealth of experience to bear, but that AIO will experience a positive turnaround even as it continues to contribute its quota to the growth and development of the industry in the continent.
Low penetration of insurance in Africa has become a bane to the development of the industry in the region.
AIO recently disclosed that the African insurance sector accounted for barely 1.5 per cent of the world insurance market in 2015 out of a world Gross Domestic Product of 3.2 per cent.
Mr. Tope Smart until his recent appointment was the GMD NEM Insurance PLC, A seasoned Underwriter and Marketer, who started his insurance career with Everyman Insurance Brokers in 1987.
He later joined the Nigerian-French Insurance Company Limited in 1989 and served in various capacities until he rose to the position of Head of Marine Unit.
In 1991 Mr Smart joined Perpetual Assurance Company Limited as one of the pioneer management staff.
Tope Move to Vigilant Insurance where he was appointed General Manager / CEO in 1995 and was later confirmed as the Managing Director of the company in 1997.
After a successful recapitalization exercise and merging of Vigilant Insurance in 2007, Smart was appointed the Managing Director/Chief Executive Officer of the new entity NEM Insurance PLC a position he held until April 2009.
Dr. Enyinna added that “Today we are not surprised at your election victory, we pray God to give you the required strength and wisdom to carry out the given assignment.
