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.

Hot this week

Is Investing for Me? Rethinking Who the Stock Market is Actually Built For

  By Robinson Kolawole "Investing is not for someone like me."...

CIIN Boss, Yetunde llori, Bows Out, Lists Achievements in Office

Mrs. Yetunde llori, the President/Chairman of Council, Chartered Insurance...

WorldStage Business Forum Q2 2026: Prof. Baale Makes Case for Building World-class Nigerian Corporate Culture

L-R: Mr. Segun Adeleye, President/CEO, World Stage Limited; Prof. Lere...

Insurance Brokers Reaffirm Commitment to Local Content, Digital Innovation at SUPERNEWS Conference

Deputy President of the Nigerian Council of Registered Insurance...

Topics

Sustained Sell Offs Pull YTD Return into Negative Region… NSE ASI Down 1.3%

Sustained sell offs in the local bourse, which have persisted...

Sanlam Nigeria Unveils USSD *1056# Code of Confidence for Instant Motor Claims Settlement

Sanlam General Insurance Nigeria Limited, is thrilled to announce...

Global ICT Capacity Building Symposium for Nairobi

Nairobi is set to host ITU’s Global ICT Capacity...

Media is Key Partner in Growth of Capital Market in Nigeria

Welcome Address by the Chairman of 2024 CAMCAN Workshop,...

De-dollarization: Not So Fast—What it Means for Africa

  Aboubakr Barry, CFA Managing Director Results Associates Bethesda, MD Why Must...

Danbatta Spotlights Centrality of Consumers to Telecoms Industry

  As the World Consumer Rights Day (WCRD) was celebrated...

Local Bourse Maintains Positive Performance… NSE ASI Up 1.1%

The positive performance recorded in the local bourse yesterday...

MTN Nigeria Targets $500m from Public Offer

MTN Nigeria is hoping to reap over$500 million from...