AIICO Insurance Plc has concluded Bancassurance arrangements with Wema Bank to increase access to retail insurance products leveraging on the bank’s robust and efficient retail distribution network.
This followed the recent endorsement of the product by both the National Insurance Commission (NAICOM) and the Central Bank of Nigeria (CBN).
Reacting on this development, executive director, Technical, AIICO Insurance Plc, Mr. Adewale Kadri, stated that this is another move by AIICO to demonstrate its commitment to increase awareness, access and deepen insurance penetration in the country.
The public, he said, can now be linked to AIICO’s bouquet of retail products through Wema Bank’s digital channels anytime and anywhere in the world.
The Head, Retail & SME of Wema Bank, Dotun Ifebogun, stated that the bank is delighted to be partnering with AIICO on this initiative. Both organisations, he pointed out, have a shared legacy of trust and resilience that has won the loyalty of customers over decades.
‘‘We look forward to fruitful outcomes on this endeavour to the delight of our highly esteemed customers and the general public,’’ he said.
AIICO Insurance Plc is a leading life insurer in Nigeria and commenced operations in 1963.
It provides life and health insurance, general insurance, investment management and pension management services as a means to create and protect wealth for individuals, families and corporate customers.