AIICO Insurance Wins Quadruple Awards For Insurance Penetration

For enhancing insurance penetration in the country, AIICO Insurance Plc and its boss won two awards at the recently concluded 2024 Almond Insurance Industry Awards, after its MD/CEO won BusinessDay Newspaper’s ‘Top 25 CEOs Award’ while the corporate brand also won the Marketing Edge ‘Outstanding Insurance Company of the Decade’ Award.

At the 2024 Almond Insurance Industry Awards, AIICO Insurance Plc claimed two of the evening’s most prestigious honours: ‘Life Insurance Company of the Year’ and the highly sought-after ‘Insurance chief executive officer of the Year’ for the company’s MD/CEO., Babatunde Fajemirokun.

The awards ceremony, which celebrated exceptional achievements within Nigeria’s insurance sector, featured a night of glamour, entertainment, and special performances.

For the second consecutive year, AIICO Insurance Plc was recognised as the Life Insurance Company of the Year, a category judged on rigorous criteria including; financial strength, premium growth, customer service excellence, CSR, and speed in claims settlement. This win further establishes AIICO’s standing as a leader in the life insurance sector, consistently demonstrating strong financial performance, brand impact, and innovative products tailored to the Nigerian market.

Babatunde Fajemirokun’s award as Insurance CEO of the Year recognised his exceptional leadership, strategic direction, and dedication to AIICO’s success. With years of industry experience, Fajemirokun has driven innovative approaches that have strengthened AIICO’s market position and influenced the broader industry. Candidates for this award were evaluated based on length of service, company performance, and innovations in their company and the industry.

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Meanwhile, the BusinessDay award is in recognition and appreciation for the leadership, innovation, and resilience demonstrated by Fajemirokun, and also his performance in areas such as financial management, strategic planning, profitability, employee motivation, strong customer and stakeholders’ management even in the face of the current economic challenges.

The BusinessDay Top 25 CEOs Awards 2024 celebrated the chief executive officers and managing directors of various companies listed on the Nigerian Stock Exchange (NGX) and Next Bulls, which are excellent companies yet to list on the NGX. These individuals have demonstrated exceptional leadership, guiding their companies through growth and success during a challenging year for the business world.

In a related development, the AIICO Corporate brand won the ‘Outstanding Insurance Company of the Decade’ by Marketing Edge, a specialised media and brand-focused publication.

Reacting to both awards, Babatunde Fajemirokun stated that, ‘we are truly honoured to receive these prestigious awards. This recognition is a testament to our team’s hard work, dedication, and innovation. I want to sincerely thank the organisers for their commitment to excellence and for recognising our contributions.”

“We dedicate these awards to our valued customers and clients whose trust and support have been instrumental to our success. Your satisfaction is our top priority, and we are committed to providing exceptional service. To our dedicated employees, thank you for your unwavering commitment and passion. Your hard work and dedication are the driving force behind our achievements. Together, we have built a strong foundation for continued growth and success”, he added.