Insurance as a Lifestyle

Here Maggie speaks with Funmi Omo the Managing Director of Enterprise Life Nigeria on the importance of the Insurance sector, highlights the opportunities in the sector and shares the products Enterprise Life Nigeria has for the working class in Nigeria which will in turn make Insurance as a lifestyle.


Funmilayo Omo is the Managing Director, Enterprise Life Nigeria, a subsidiary of the financial services group, Enterprise Group. An astute insurance professional, she brings in over 30 years of experience into this role. Prior to joining Enterprise Life, Funmi spent most of her formative career in African Alliance Insurance Plc until her appointment as the Managing Director in 2017.

As MD, she championed the digital transformation of the company, ushering the company into the digital era, unlocking opportunities for its growth. Before that, she developed and successfully launched micro insurance as a strategic business unit and pioneered the design of the annuity products of the company boosting the annuity product range of African Alliance Plc to become one of the top 3 market players in the industry. She also pioneered the design, modelling, and marketing of Takaful as the pioneer Family Takaful Office in Nigeria.

Funmi is an alumna of the China European Business School and the Lagos Business School. A chartered insurer, she is a Member of the Institute of Directors (IOD), an Associate Member, Chartered Insurance Institute, London, Associate Member, Certified Pensions Institute (Nigeria), and Associate Member, Nigerian Institute of Management. She currently serves on the Board of Freedom Foundation. Until 2016, she served on the Board of Trustees, Ajaokuta Steel Complex, Axiom Air and National Iron Ore Mining Company (NIOMCO), as well as on the Boards of Frenchies Food and PAL Pensions Alliance.

Funmi has received numerous awards for her contribution to the insurance sector. In 2019, she was recognised as one of the top 100 women CEOs in Africa by Reset Global People, a UN and Ghanaian Presidency initiative.