Tuesday, June 17, 2025
29.4 C
Lagos

African Alliance: 50% Growth Target in 2021, N3.2bn Premium, DIY Portal

Amaka Ogbedaigo, Chair, Event Organising Committee, NCRIB South-South Area Committee; Ayodeji Johnson, Guest Speaker; Joyce Edmund, Vice-Chairman, NCRIB South-South Area Committee; Joseph Olayeni, Chair, NCRIB South-South Area Committee; Joyce Ojemudia, MD/CEO; Amaka Okafor, Head, Northern Region and Emmanuel Eburajolor; Head, Corporate Marketing, all of African Alliance Insurance PLC at the recent NCRIB SSAC Members’ Evening hosted by the Life Insurer.

Foremost life insurer, African Alliance Insurance Plc, has developed an innovative self-service portal to ease seamless transactions between insurer and brokers.

This was disclosed at the Members Evening of the Nigerian Council of Registered Insurance Brokers, South-South Area Committee, held in Port Harcourt recently hosted by African Alliance Insurance.

Joyce Ojemudia, the firm’s Managing Director/Chief Executive Officer, while addressing the body of brokers in the region said, “the self-service policy platform is customised for all brokers to buy end-to-end from the comfort of their offices. This is one of the ways we are embedding technology in our business just so we can achieve seamless service delivery and customer satisfaction while speeding up the underwriting process.”

She also reiterated the company’s quest to achieve a minimum of 50 percent growth in its market share by the end of the year.

“Progress is what we are all about and as the figures show, we are making loads of progress. In the same period, we paid N3.12 billion in claims, a 29 percent increase from the N2.43 billion we paid same period last year while our Gross Premium Income rose from N1.8 billion to N3.2 billion, representing a 66 percent increase year on year. These figures are the reasons we have embarked on an aggressive market expansion campaign with a view to consolidating our all-round progress across board.”

Earlier in her remarks, she thanked the body of brokers for their unstinting support whilst seeking for better relationship and a most mutually beneficial strategic business engagement, “we thank everyone here present who has partnered with us and aided our progress month by month, quarter by quarter. We do not take this for granted,” she added.

In his welcome address, Joseph Olaniyan, the Chairman of the NCRIB South-South Area Committee, commended the management of African Alliance Insurance for the giant strides they have made especially in the last one year.

“We at the South-South Area Committee have felt and experienced a major turnaround in African Alliance and I can assure you today, personally and as a group, that we will do more business with African Alliance Insurance in the coming days because for us, we want to do business with the firm that can assure us of their unwavering quality service delivery at all times.”

 

About African Alliance Plc

Incorporated in 1960 to transact life businesses in Nigeria, African Alliance Insurance PLC has grown in leaps and bounds providing succour for individuals and aiding businesses across the country for over six decades.

Recently, the firm deepened its retail footprints with the opening of two new branches in Abeokuta and Akure in a bid to drive its market expansion strategy whilst bringing insurance closer to the people of the ancient cities.

spot_img
spot_img
spot_img

Hot this week

Chain Reactions Africa Clinches Top Honours as Nigeria’s Most Celebrated PR Firm at SABRE Awards

L-R: Israel Opayemi, MD/Chief Strategist, Chain Reactions Africa; Arik...

Excitement as Malta Guinness Wraps Up Three-Day Eid Celebration in Kano

L-R: Area Sales Manager, Guinness Nigeria, Danjuma Bigun; Brand...

Leadway, STI, NCRIB, Guinea Insurance, NLNG, Zenith Bank, IEI, Stanbic IBTC Insurance for SUPERNEWS AI Confab’25

Blue-chip companies and reputable organisations from various sectors have...

Fidelity Bank ED, Kevin Ugwuoke, Takes Over as President of Risk Managers Association

L-R: Registrar/Chief Executive, Chartered Risk Management Institute of Nigeria...

Leadway Assurance Delivers Record ₦173.2bn Insurance Revenue, ₦117bn in Claims Payouts for 2024

Leadway Assurance Company Limited has announced a landmark financial...

Topics

Moniepoint Seeks More Investment in STEM Education in Nigeria

L-R Board Member, Tosin Eniolorunda Foundation, Oyinlola Eniolorunda; Israel...

Is the CBN Pushing Nigerians Back into the Banking Halls? 

By Elvis Eromosele  Public institutions in Nigeria have a knack...

Coping in Nigeria’s High-Inflation Economy

 By Elvis Eromosele Economists say inflation is a persistent rise...

‘Recapitalisation will Strengthen Banks in Nigeria’

  The International Monetary Fund (IMF) says recapitalisation will strengthen...

FG Lauds Savannah Energy for Investment Drive in Nigeria

L-R: Managing Director, Savannah, Nigeria, Pade Durotoye; Honourable Minister...

Accugas Announces Award of University Scholarships to 50 Students from Akwa Ibom State

L-R: Idorenyin Jacob, winner of the Grand Mentor Award...

AIICO Bags Insurance Company of the Decade at Marketing Edge Awards 

Left - Right: Segun Olalandu, Head, Digital Marketing &...

Polaris Bank Wins SERAS Award, Africa’s Sustainability/CSR Recognition

Polaris Bank over the weekend, added yet another feather...
spot_img

Related Articles

Popular Categories

spot_imgspot_img