The announcement comes at a time when reforms in Nigeria’s insurance industry are changing the market and opening up opportunities for digital-first players.

Oreagba steps into the role with more than 17 years of leadership experience in corporate risk management, financial planning, and operational transformation. 

She has held senior positions across energy, aviation, and infrastructure, including her most recent role as General Manager, Fulfilment and Corporate Services at Viathan Group.

At Casava, her focus will be on scaling processes, strengthening operations, and preparing the company for rapid growth under the new insurance framework.

“The future of insurance is not just about technology; it’s about building operational resilience that can adapt to rapid market changes and consumer needs,” said Bode Pedro, founder and chief executive of Casava. 

“Solabomi’s expertise in streamlining complex systems and her deep understanding of business transformation are precisely what we need to scale our mission. Her leadership will be instrumental in not only managing our growth but in defining the operational gold standard for the African insurtech landscape.”

President Tinubu Signs Insurance Reform (NIIRA) Bill 2025

Her arrival coincides with the signing of the Nigeria Insurance Industry Reform Act (NIIRA) 2025, a law that consolidates outdated regulations and pushes the industry into a new growth era. 

The legislation raises capital requirements, mandates insurance coverage for sectors like agriculture, SMEs, and cyber liability, and requires insurers to digitise licensing, claims, and reporting. Analysts project the market will expand from ₦2.2 trillion today to nearly ₦8 trillion by 2030.

For Casava, a pioneer of subscription-based insurance that delivers health, income protection, and life policies directly via mobile platforms, the timing is strategic. 

The company’s API-driven onboarding process allows Nigerians to secure cover within minutes, a feature that aligns directly with the NIIRA 2025 digital-first mandate. With insurance penetration in Nigeria still under 3%, the reforms present fertile ground for Casava to expand aggressively.

“I have always believed that true innovation is only as effective as the operational foundation that supports it,” said Oreagba. “I am honoured to join Casava, a company that is not only revolutionising the insurance industry but is also making a tangible difference in the lives of everyday Nigerians.

“My focus will be on building scalable processes and fostering a culture of continuous improvement, ensuring that we can deliver on our promise of accessible and delightful insurance experiences as we enter this next phase of hyper-growth.”

Casava’s investors, including Enza Capital and Techstars, have backed its inclusive approach, which has already earned it a place in global insurtech rankings.

With the regulatory changes now in force, the company is positioned to push further into compulsory insurance categories, expand partnerships with telcos and digital banks, and serve the growing gig and informal economy.

The National Insurance Commission (NAICOM) has pledged tough enforcement of the new law, including digitisation across the value chain, faster claims resolution, and tougher penalties for unregistered agents. Industry analysts anticipate mergers, foreign capital inflows, and deeper regional integration through frameworks such as the ECOWAS Brown Card System.

The appointment of Solabomi Oreagba by Casava is the company’s aim to anchor its operational structure ahead of the sector’s transformation. Her mandate will be to ensure the company is well positioned for growth and resilient enough to change the standard for the market’s sustainable.

The post Casava Appoints Solabomi Oreagba as COO to Drive Next Phase of Growth appeared first on Tech | Business | Economy.

Casava will automatically extend a special health cash coverage offer to all IMT 2.0 delegates and participants in this remarkable partnership, fostering peace of mind for an entire month.

This initiative underscores Casava’s unwavering commitment to the well-being of conference attendees and its dedication to making insurance accessible and beneficial to all.

Bode Pedro, CEO of Casava, expressed his enthusiasm about the conference and the insurance coverage offering: “Casava is not only proud to sponsor the IMT conference but also excited to take our commitment to the well-being of our community one step further.

Continuing, Pedro said, “As the Official Insurer of this prestigious event, we are pleased to offer health cash coverage to all registrants for a full month. It’s a testament to our dedication to improving lives through innovative insurance solutions.”

Odion Aleobua, the Convener of Insurance Meets Tech Conference, commented on the collaboration: “We are delighted to have Casava as the Official Insurer of the IMT conference. Their commitment to the well-being of our attendees aligns perfectly with our mission to create a positive and enriching conference experience. This health cash coverage offering adds significant value to our participants.”

IMT 2.0, which has already onboarded delegates from 25 organisations in insurance, tech, telecoms and other ancillary sectors, will feature a diverse lineup of keynote speakers, panel discussions, and workshops focusing on emerging trends, challenges, and opportunities in the insurance and technology sectors. Attendees can now gain valuable insights and enjoy the added security of health cash coverage courtesy of Casava.

Casava’s sponsorship and health cash coverage initiative demonstrates its commitment to fostering innovation, collaboration, and excellence within the

insurance industry while making a meaningful impact on the lives of conference attendees. Casava joins the league of prestigious sponsors for the event, including – Microsoft, Leadway, Old Mutual, and aYo Nigeria.

For more information about the “Insurance Meets Tech” conference and to register for the event, visit here or call 07083439552.

The post Casava Named Official Insurer of ‘Insurance Meets Tech’ Conference appeared first on Tech | Business | Economy.

Berlin-based Target Global led the pre-seed round, with foreign VCs and angel investors such as Entrée Capital, Oliver Jung, Tom Blomfield, Ed Robinson and Brandon Krieg participating.

The local investors involved are all founders. They include Uche Pedro, Babs Ogundeyi, Musty Mustapha, Shola Akinlade, Olugbenga “GB” Agboola, Honey Ogundeyi and Opeyemi Awoyemi, among others.

Bode Pedro is the founder and CEO of Casava. Before starting Casava, Pedro ran VisaCover, an insurance brokerage company, in 2014. The idea for Casava came while VisaCover provided an alternative in the auto insurance market by allowing drivers of Uber, which was one of its partners, to make weekly insurance payments instead of quarterly or yearly payments insurance partners before it operated.

According to the company, subscribers can insure their income from $1 (~₦500) monthly, and get paid monthly for six months if they lose their job, become sick or disabled.

Subscribers can also use its Health Insurance product and access more than 1,000 doctors on telemedicine and 900 hospitals across Nigeria. There’s also HealthCash, which lets users get reimbursed when they visit the hospital for specific periods, all for ₦250 (~$0.5) – ₦300($0.6) a month.

Casava works with reinsurance partners who guarantee a refund when claims are paid as a licensed microinsurance underwriter. That’s how it makes revenue aside from profit — off subscription fees. The company already has more than 66,000 customers, with $16,000,000 in insurance coverage.

The post Casava Raises $4m Pre-Seed to Develop Affordable, Accessible Insurance in Nigeria appeared first on Tech | Business | Economy.