Fashola honours insurance exco at book launch

A gathering of prominent Nigerians, including former Lagos State Governor Babatunde Fashola, convened at the Nigerian Institute of International Affairs Auditorium to celebrate the life and legacy of the late insurance executive and education advocate, Olawale Banmore. The event, themed ‘Treasured Memories,’ served as a day of tributes and the presentation of Banmore’s posthumous book, 'The Claims Advantage: How Smart Insurance Firms Win and Keep Customers.'

Delivering the keynote address, Fashola lauded Banmore as an individual who understood the profound importance of leveraging influence for the betterment of others and the strengthening of institutions. He specifically highlighted Banmore’s commitment to his alma mater and his support for education as a testament to the value of giving back. Fashola implored alumni across the nation to move beyond mere social gatherings and embrace a culture of tangible support for their former schools, advocating for the rebuilding of classrooms, funding scholarships, and bolstering laboratories.

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The real measure of an old boys’ association is whether the school itself can feel its love.

Mohammed Kari, former Commissioner for Insurance, echoed these sentiments, describing Banmore as a respected professional who pioneered advancements in claims and insurance management. He called for an annual program to commemorate Banmore, stating, “The industry was his family, and it should continue to honour him.” Veteran journalist Dr. Reuben Abati reviewed the book, characterizing it as a practical guide to transforming claims management within Nigeria’s insurance sector and addressing the critical issue of trust deficit, where claims settlement is identified as the most potent marketing tool for insurance companies.

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The industry was his family, and it should continue to honour him.