AIICO Insurance moves to boost market penetration

AIICO Insurance Plc, a frontline insurance company, has strengthened its capacity for more market penetration.

AIICO at a recently weeklong Annual Agency Retreat retooled its key market force for better service delivery and enhanced customer experience.

The underwriter through this event further demonstrated its leadership in sales force management, organizing a performance appreciation annual award for its sales agents for 2023.

In a statement issued by Segun Olalandu, the Company’s Digital Marketing and Communications Manager, the awards are organized annually to recognize, appreciate and reward top performers.

The event, which was the climax of the company’s week-long Annual Agency Retreat, was organized by AIICO”s Retail Business Division under whose purview the Agency salesforce operates.

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Speaking at the event, Babatunde Fajemirokun, managing director/CEO, AIICO Insurance Plc applauded the agents for their hard work, dedication, and productivity, which he said, sustained the company’s market leadership.

He charged the agents to rev up their tempo of performance to continue to deliver top-notch results at all times, adding that the company would continue to reward them appropriately.

Gbenga Ilori, the man at the helm of the Retail Business Division, could not contain his admiration for the agents’ unwavering drive. “Witnessing your dedication, day in and day out, fuels our company’s growth,” he declared.

Pointing to record-breaking sales figures, he credited the agents for relentlessly pushing boundaries and propelling the company to scaling heights in revenue and profitability.

He stated further that the company would continue to prioritize their needs and provide all necessary support and the enabling environment to make them thrive.

Highlights of the occasion included the recognition and presentation of awards to outstanding agents drawn from the regions across the country.

Modestus Anaesoronye

Modestus Anaesoronye is a leading Nigerian financial journalist with over two decades of experience reporting on the insurance and pension sectors across Nigeria and West Africa. He has held key editorial positions at major national media outlets, including The Comet, The Nation, and Financial Standard, and currently serves as a Senior Financial Analyst at BusinessDay Media Ltd. A widely travelled reporter, he has covered industry developments in more than 14 countries across Africa and Asia. Anaesoronye is a multiple award-winning journalist, honoured several times as Insurance Journalist of the Year and Pension Journalist of the Year by recognised industry bodies, including PensionScope and the Pension Fund Operators Association of Nigeria (PenOp), among others.