Lack of performance-improvement strategies in any organization contributes to poor employee performance, reduced efficiency, and potential failure of the business because of an unengaged and unmotivated workforce.

The general business problem was that business leaders lack strategies to improve employee performance. The specific business problem was that some insurance business leaders lack strategies to improve employee performance.

Assessing this development in the insurance industry performance among other sectors of the economy, the Head, Learning and Development, AXA Mansard, Olumide Ekun, told The Guardian over the weekend, that the move to promote corporate performance was geared towards providing insight into key cultural dimensions and how businesses can leverage renewed culture to attract and retain top talents.

Ekun stressed that as the world is constantly changing, the onus is on everyone to ensure they identify the gaps between the culture they have and the culture they need to achieve top performance across their organisation.

“Insurance companies need to identify the key cultural dimensions that can be used to map our organisation whilst identifying strengths and tailwinds we can leverage to produce even greater results in our organisational health,” Ekun said.

In the same vein, the Executive Secretary and Chief Executive Officer, Nigerian Council of Registered Insurance Brokers (NCRIB), Fatai Adegbenro urged insurance professionals in the market on the need for a solid synergy between the underwriters and brokers.

This, he said, will facilitate speedy progress in meeting the diverse insurance policy needs of the citizenry and in turn boost growth in the industry.

Adegbenro who agreed that the insurance industry is currently underperforming, said a solid synergy between the underwriters and brokers will foster efficient solutions and promote a rapid growth trajectory through adequate brainstorming.