AIICO dominates insurance category, cleans out 2021 BAFI Awards


AIICO Insurance Plc has claimed the ‘Life Insurance Company of the Year’ as well as the ‘Digital Insurance Company of the Year’ at the just-concluded Banks and Other Financial Institutions (BAFI) Awards.

The keenly contested categories had top-performing competitors jostling for the win.

AIICO MD/CEO – Babatunde Fajemirokun

The awards are well-deserved in recognition for the industry’s leading position and the exemplary role played by AIICO in the insurance sector based on its sound strategy, disciplined execution, and impressive governance.

According to the organizers, the Life Insurance Company of the Year Award is presented to AIICO for having demonstrated market leadership through innovation in products and best practices, outstanding customer service, diversity of product lines, claims processing excellence, stability and reliability, and cost/fees.

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In like manner, The Digital Insurance Company of the Year Award (Global Awards Category) is being inaugurated this year to recognize an insurance company that has led the way in technology adoption across sales, marketing, product innovation, client experience, and customer service. AIICO emerges as the winner of the award based on how successfully it has harnessed technology and digital solutions to improve its business, said its employees, and improve the overall client experience over the past 12 months.

Commenting, Mr. Babatunde Fajemirokun, MD/CEO of AIICO Insurance Plc., ably represented at the occasion by Mr. Olusanjo Shodimu (Divisional Head, Shared Services), appreciated the leadership of BusinessDay, the organizers of the awards, and AIICO’s esteemed customers, employees, the Board, and other stakeholders to whom the awards are dedicated.

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He promised that the company would not rest on its oars and would continue to do better at what it does—creation and protection of wealth for its customers.

The BAFI Awards, backed by BusinessDay’s Research and Intelligence Unit, recognize the achievements of players in the financial services industry in several categories that cut across banking, insurance, and other financial services.

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