CEO Today - Africa Awards 2022

ABOUT TOPE SMART Tope Smart, a graduate and an award winner from the University of Lagos also holds a Masters Degree in Business Administration (MBA) from the University of Nigeria, Nsukka. He is an Associate member of both the Chartered Insurance Institute of London and the Chartered Insurance Institute of Nigeria.Tope, an astute professional, believes very strongly in the entrenchment of insurance in the minds of all Africans. He is an unrepentant advocate of a better and stronger Insurance Sector in Africa. He is a Council member, Chartered Insurance Institute of Nigeria, Council member, West African Insurance Companies Association (Ghana), Council member, Nigeria-Britain Association, member of Senate, University of Lagos, President, African Insurance Organization (AIO) and a past Chairman of the Nigeria Insurers Association to mention but a few.Tope also sits on the board of NEM Asset Management Limited, among other companies. In 2014, he was appointed by the Federal Government as Co-Chairman of Insurance Industry Transformation Committee. He was also recently appointed as Chairman, Planning Committee of the University of Lagos Alumni Association’s Golden Jubilee Anniversary.In recognition of his outstanding achievements, Tope has won several awards amongst which are Distinguished Alumnus by the University of Lagos, University of Lagos Alumni Association Golden Jubilee Special Recognition Award amongst others. He is also a two time winner of the Businessday Top 25 CEOs award. Tope is an alumnus of Harvard Business School. FIRMPROFILE NEMINSURANCE PLC started insurance business inNigeria in 1948 through the agency of Edward Turner & Co. It became a Nigerian branch of NEM General Insurance Association Limited of London in 1965. Incorporated in 1970 as a Nigerian company in compliance with the Companies Decree of 1968, the company became quoted on the Nigerian Stock Exchange in 1989 following the privatization by the Federal Government of Nigeria. The company, which has contributed immensely towards the growth of Insurance Industry in Nigeria, was into Life and Non- Life business. Following the recapitalization exercise in 2007, the company merged with Vigilant Insurance Company Ltd to transact all classes of General Insurance. The company has expanded its operations into theWest African Sub region, with the successful registration and commencement of business of its former subsidiary, NEM INSURANCE (GHANA) LIMITED in May, 2009. The subsidiary is now merged with Regency Alliance to form Regency Nem Insurance Ghana Ltd in September 2016 due to recapitalization requirement. A new member, NEM ASSET MANAGEMENT LIMITED was also added to the Brand earlier in March, 2016. Our Products Marine Insurance Nem Marine Insurance protects your vessels and cargo against various forms of loss or damages of different kind. Marine insurance is split between the vessels/ship and the cargo. Insurance of the vessels is generally known as Marine Hull or technically referred to as Hull and Machinery” (H&M), whilst the insurance of the cargo or consignment is known as Marine cargo. CEO Tope Smart NEM Insurance Plc - 52 - CEO Today Af r i ca Award s 2022 - NIGERIA -

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