As Nigeria’s insurance industry adjusts to its most sweeping regulatory overhaul in more than two decades, Babatunde Fajemirokun, managing director/CEO of AIICO Insurance Plc, has said discipline and strong corporate governance will define the winners in the emerging order.
Speaking during an executive session, Fajemirokun described the shift towards stricter compliance standards, risk-based capital requirements and accelerated digitisation as a turning point for the sector.
He noted that the evolving framework not only raises the bar for operators but also aligns with AIICO’s long-standing culture of governance, operational discipline and innovation, positioning the company to compete effectively in a more structured and technology-driven landscape.
AIICO Insurance at its recently held Annual Agency Retreat in Abeokuta, Ogun State, reaffirmed its commitment to celebrating excellence, strengthening professionalism, and deepening insurance penetration across Nigeria.
The annual retreat serves as a platform to appreciate, reward, and strategically engage the company’s financial advisors, whose footprint spans communities across the country. The financial advisors from regional offices nationwide converged in Abeokuta for the highly anticipated gathering, reflecting the strength and reach of AIICO’s retail distribution network.
The highlight of the event was the Awards Night, where outstanding performers were recognized for exceptional production and consistency.
Ego Uzochukwu emerged as the overall best-performing agency for the year, improving from her second-place ranking in the previous year. She was followed by Henry Onwuchekwa while Lawson Njoku secured third place. Notably, the awards celebrated the top 10 leaders who expertly manage and mentor teams of financial advisors that delivered billion-naira gross written premiums (GWP) across regions, demonstrating the scale and impact of AIICO’s agency force. In addition, awards were presented across 10 other performance categories.
Speaking during the awards ceremony, Gbenga Ilori, executive director and head of Retail Business Division, commended the financial advisors for their resilience and drive. “In spite of macroeconomic headwinds, you have remained bold, undaunted, and committed to delivering outstanding results. Your performance is a testament to your professionalism, your belief in our value proposition, and your determination to win in every market you serve,” he said.
The evening also featured long-service recognition awards, celebrating loyalty and dedication within the agency force. Honourees were recognized across the 10, 15, and 20-year categories. Three individuals were celebrated for 25 years of service, two for 30 years, and two, Odozi Christopher and Bernard Showunmi, for 35 years.
Okoroafor Chijioke was specially recognized for an extraordinary 40 years of dedicated service, earning admiration and applause from the audience.
AIICO Insurance is a leading composite insurer in Nigeria, with a 60-year record of accomplishment in delivering quality service to its clients. Founded in 1963, AIICO provides life and general insurance, health insurance, and investment management services to create and protect wealth for individuals, families, and corporate customers.
