Insurer gets 2021 BAFI awards for industry’s efficiency

AIICO Insurance Plc, has emerged as Life Insurance Company of the Year and Digital Insurance Company of the Year at just concluded Banks and Other Financial Institutions (BAFI) Awards, organised by Businessday Newspaper.

AIICO’s Head, Strategic Marketing & Communications, Segun Olalandu, said the keenly contested categories had top-performing competitors jostling for the win, adding that the awards are well-deserved 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 organisers, 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.

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.