Actuaries play a crucial role in financial services, especially insurance and pension management, by leveraging their techniques and tools to assess and manage risk and uncertainty. It is therefore important that the students of this discipline get to practice before and after they graduate, as they are the future of the insurance sector according to Naomi Aduku, the Managing Director of Bastion Health.
The National Risk Compendium Program is an annual event held by the Actuarial Science and Insurance Students’ Association (ASISA) and the Actuarial Club of the University of Lagos. It is aimed at bridging the gap between the risk management industry and the pipeline of emerging talents.
Themed “Transparency & Clarity in Insurance Policies: Navigating risk through clear policies, claims, and actuarial expertise”, this year’s event saw the Bastion’s CEO, Naomi Aduku speak to the students at the university on the topic: Unravelling 21st Century Insurance, innovative Policies for the everyday man’s life.
“In our business of improving healthcare accessibility and affordability through health insurance, it is imperative to define and segment the market, tailor the right products to the right audience, while also ensuring the right pricing and product definition for each of our market segments. For all of these functions, Actuaries are vital to the business of insurance” Naomi Aduku further discussed.
Bastion Health remains committed to its mission of making good healthcare more accessible and affordable to Nigerians with a strong dedication to education and community development, fostering goodwill among students and the broader community. The company also focuses on bridging the gap between academia and industry, providing students with valuable knowledge, guidance, and motivation that can positively impact their academic and professional growth. Bastion also provides internship opportunities to actuarial students to aid and fast-track their development while providing job opportunities to graduates undergoing professional actuarial training.
About Bastion Health Limited
Bastion Health is one of the fastest-growing HMOs in the Nigerian market, offering flexible and innovative healthcare insurance solutions that provide quality healthcare experiences. Consistently working towards a healthier Nigeria, Bastion Health brings greater convenience and value to consumers nationwide. We have carefully designed an array of healthcare plans to cater to individuals, families, SMEs, corporate organizations, and the elderly (Seniors), ensuring there is value for everyone.
