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July 10, 2024

PILA to sign MOU with financial institutions, empowers women

PILA to sign MOU with financial institutions, empowers women

L-R: Past President, Mrs. Olufemi Ogun; Deputy President, Omotola Sotade; 15th President. Professional Insurance Ladies Association (PILA), Bimbo Onakomaiya; Immediate past President (PILA), Lady Margaret Moore; Chairman of the investiture, Dr. Joy Ojemudia and Past President, Mrs. Ose Oluyanwo at the media briefing of the investiture of the 15th President Mrs. Onakomaiya in Lagos

By Ebunoluwa Sessou

Professional Insurance Ladies Association, PILA, has concluded plans to sign a Memorandum of Understanding, MOU, with United Capital Asset Management to empower women in insurance to remain an essential force in shaping an inclusive and diverse insurance industry within the financial market in Nigeria and beyond.

This was disclosed at the press briefings of the Investiture of 15th President of PILA which would take place on July 18 in Lagos.

Speaking, the 15th PILA President, FL Abimbola Onakomaiya, disclosed that she is prepared to build on the achievements of the past presidents in order to take the association to its greater heights.

Rolling out her seven points agenda, Onakomaiya said, “There will be alliances with other gender focused progressive organizations especially women in leadership in the private sector.

“Embracing Professional Visibility by the proactive use of Media through weekly podcasts, active LinkedIn and Instagram pages for all our chapters. We will be engaging in active coaching, mentoring, and sponsorship to encourage diversity and inclusion.

Encouraging exposure on generational wealth creation by partnering with established financial inclusion experts. Expansion of health knowledge capacity focusing on cancer, hepatitis B and shingles. As well as enlarging our corporate social responsibility, CSR space by launching our pet project which is called adopt an orphan.

Speaking on the journey of PILA, Onakomaiya noted that PILA has tirelessly advocated for equal opportunities, professional development, and empowerment of women.

Onakomaiya who is the Managing Director of PeakThrust Insurance Brokers Ltd, maintains with an agenda on ground, all women working in the insurance industry will now be qualified to join PILA, whether at the Associate, Student or Entry levels.

“Since we are a non-political and a nonprofit making body of an exclusively female membership, it has become necessary to encourage all women who aspire to make insurance a career to join us.

“PILA is the women offshoot of the Insurance Institute of Nigeria (IIN) and the foremost women Professional Association in Nigeria which have become a pacesetter amongst women Associations in Nigeria and Africa as a continent,

“PILA was founded on May 29 1973, with a desire to bridge the gap of marginalization of the women fold in the insurance industry and the society at large. With the aim of working for equal opportunities for ladies in the insurance industry and to provide an open forum for the discussion of all matters affecting women in the industry.

“It is important to note that insurance is an intangible asset and people need to be well educated and guided on the terms and conditions. It is important to know that cradle to the grave, insurance is important.

In her contribution, Vice President, PILA who is also the Chairman, 15th PILA President, Investiture Planning Committee, FL Joyce Ojemudia, commended the committee members for team work. She however noted that “PILA is saddled with the responsibility of impacting its world, sphere of contacts, ladies and children with the programme in the foundation to adopt one child. We will concentrate on capacity building for women in the industry”.

Also, FL Olufemi Ogun, Past President PILA, PILA said, “As an organization it is expected to move upwards and we have been doing that systematically for the past 51 years and we are not stopping. The elder ones are preparing the ground for the younger ones to carry on.

“My advice for the 15th PILA president is to maximize her time. I know that with the 7-point agenda, the community would benefit from the projects. PILA is in Africa but our dream is to expand it globally and we believe that the dream will be achieved.

Also, the immediate past president, FL Margaret Moore, reiterated that PILA founders are happy and they are watching closely how PILA is mentoring, coaching and supporting women at different levels. I am happy with the 7-point agenda and it shows that continuity is the order of the day. We are building on the foundations that have been laid.

“We are ready as insurance companies to take over banks because insurance companies own banks as risk bearers, we make sure that businesses remain stable and not crumble. We have about 400 members and the number is growing. If you want to be a member of PILA, you must be a professional and write a professional examination and become a member”, she said.