The Man Mr. Olusegun Ayo Omosehin: New Commissioner For Insurance
The Federal Government of Nigeria, led by President Bola Tinubu, had on April 19, 2024, approved the appointment of Mr Olusegun Ayo Omosehin, as the Commissioner for insurance and Chief Executive Officer of the National Insurance Commission (NAICOM).
The information containing Mr Omosehin’s appointment as Commissioner for Insurance, was contained in a statement by Chief Ajuri Ngelale, Special Adviser to the President on Media and Publicity.
Mr Olusegun Ayo Omosehin was born on August 13, 1967, in Abe-alala of the Ilaje Local Government Area of Ondo State.
Professionally, Mr Omosehin is not new to the insurance business and profession in Nigeria for he has practiced the trade for over three decades considering that he joined the practice in 1993 as staff of Crusader Insurance Plc.
Not minding his pet dream of joining Nigeria’s foreign service, Olusegun Omosehin worked hard from the onset to become one of the best practitioners that the nation’s insurance industry could boast of thus paving the way to his rising to the pinnacle of the profession in a record time.
Before his appointment to the number one position of the nation’s insurance industry, he was the Chairman of the Nigerian Insurers Association (NIA) and the Managing Director and Chief Executive Officer Old Mutual Nigeria Life Assurance Company Limited where he currently serves since 2020.
Mr. Olusegun Ayo Omosehin was elected the Chairman of the Nigerian Insurers Association (NIA) in 2022.
Olusegun Omosehin had previously worked for other insurance companies including Custodian and Allied Insurance Plc where he served for about nine years before leaving in 20003 as Divisional Head of Operations to join Admiral Insurance Company as the Managing Director.
It is to his credit that his transformational agenda at the 22-year-old company culminated in the turning around of the loss-making company into a profitable venture.
His days at AIICO Insurance Plc were that of a sterling service considering that he engineered and led the transformation agenda for the group and thus reset a clear path to profitability for the business.
His leaving AIICO Insurance in 2009 and his joining Mutual Benefits Assurance Plc in 2010 were in continuation of his professional growth as every stop over presented him with the opportunity of exhibiting his craftsmanship as an insurance technocrat.
His over 10 years of stay in the corridors of power at Mutual Benefits Assurance exposed him to greater challenges amidst opportunities as his professional competence continued to soar higher and higher.
Mr. Omosehin holds a Bachelor of Science degree in Political Science; a Master’s degree in International Law and Diplomacy (MILD); and also an M.Sc in Economics from the University of Lagos. He is equally an Alumnus of the Lagos Business School (LBS) now Pan African University; as well as Said Business School, University of Oxford, UK.
He is a Fellow of the Chartered Insurance Institute of Nigeria; a Fellow of the Institute of Directors (FIoD); a Member of the Nigerian Institute of Management; and the Nigerian Society of International Law.
His hobbies include Networking, Swimming, and Golfing. He is a member of the Ikoyi Club 1938 –Golf Section, and Ikeja Golf Club. He is married to Modupe and blessed with three children.
