Financial expert Adanne has highlighted the transformative benefits of insurance-backed investments, emphasizing their role in wealth protection, tax benefits, and legacy planning. Speaking at an event themed Smart Investing: Leveraging Insurance Solutions for Wealth Accumulation, organised by the Coronation; she noted that insurance-based investments provide market and personal protection, making them a robust alternative to regular banking investments.

“The biggest advantage of insurance-backed products is protection—from market volatility to personal risks like unexpected loss,” Adanne said. She also pointed out their tax advantages, such as deferred taxes on annuities, and their ease of legacy planning, offering tax-efficient ways to transfer wealth to the next generation.

On increasing adoption, Adanne identified three priorities: raising awareness about the benefits, embracing digital platforms for accessibility, and introducing flexible, low-cost offerings tailored to Nigeria’s economic realities. “Creating flexible payment models and leveraging mobile technology can make insurance solutions more appealing to a broader audience,” she said.

Adanne also advocated for partnerships between fintech and insurance companies, saying, “Embedding insurance into popular fintech products can expand awareness and adoption, combining fintech’s flexibility with the security of insurance.”

Her insights underscore the immense potential of insurance-backed investments to secure financial futures and drive wealth accumulation.

Adanne Anene is an experienced product management professional with over a decade of expertise in driving digital innovation in the financial technology sector. She has held leadership roles at top organizations such as Branch International, VFD Tech Limited, and United Bank for Africa, where she led initiatives ranging from mobile banking innovations to the launch of digital banking solutions. Adanne is recognized for her proficiency in product strategy, team leadership, and designing user-centered solutions that balance practicality with innovation. With a track record of transformative achievements, she is a thought leader in creating accessible, secure, and efficient financial tools.