AIICO Insurance Marks 60thAnniversary,Applaud Customers’ Loyalty

Managing Director and Chief Executive Officer AIICO Insurance, Plc, Mr. Babatunde Fajemirokun has attributed the successes achieved by the company in its 60 years of existence in the ever competitive Nigerian insurance market to the continued loyalty of its customers as well as the resilience and relentless spirit of the employees.

Fajemirokun who stated this at the 60th anniversary of the company held in Lagos said AIICO Insurance is as old as Nigeria as a nation.

Drawing a parallel between Nigeria and the company, both of which came into existence around the same time, Fajemirokun highlighted that both entities have weathered and survived turbulent times, demonstrating growth and resilience.

“AIICO, born in the heart of Nigeria, has been a witness and a participant in this nation’s remarkable journey. We’ve grown amidst the oil boom’s promises of the 1970s and adapted during the economic downturns of the 1980s. Our strength was tested during the periods of military rule and the struggle for democracy, yet we emerged stronger, demonstrating the same resilience that defines our nation.”

“In these six decades, AIICO has not only survived but thrived, adapting to changes, overcoming challenges, and seizing opportunities. Our growth mirrors the indomitable spirit of Nigeria - a spirit of perseverance, innovation, and a relentless pursuit of excellence,” he said.

The AIICO Insurance boss urged employees to continue to innovate, serving its community and contributing to Nigeria’s growth.

Highlights of the event included the presentation of awards to recognised and reward top performers in the organisation.