The National Insurance Commission (NAICOM) has confirmed the appointment of Mr. Olalekan Oyinlade as the executive director, Operations of Veritas Kapital Assurance PLC.
His appointment was part of a move by the insurance company to strategically reposition itself after Unity Bank divested recently from the firm, which necessitated its change of name from Unity Kapital Assurance PLC to Veritas Kapital Assurance PLC.
Oyinlade is also expected to bring on board, his huge insurance experience to ensure that the company continues on its path of profitability. The new ED is an experienced underwriting leader, reinsurance and risk management professional who has developed various new products and implemented new processes in the Nigerian insurance industry.
With over 20 years cognate experience in various insurance roles including Chief Underwriter, Reinsurance Manager, among others; Oyinlade specialises in direct and treaty Reinsurance underwriting, commercial claims handling, extensive client and broker relations, and solving complex situations and problems.
A graduate of the University of Lagos(UNILAG), he is also an Associate of the Chartered Insurance Institute of Nigeria (ACIIN); the Corporation of Registered Insurance Brokers (ACIB); and a Member of the Chartered Insurance Institute, London (CII). He is an alumnus of the prestigious Lagos Business School (LBS).
Oyinlade is a strategic executive who has substantially improved overall claim processes and reduced company reinsurance cost. He has worked in various senior management capacities at leading insurance companies such as Sovereign Trust Insurance Plc and AXA Mansard Insurance Plc.
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