African Alliance Supports NIA In The Fight Against Coronavirus

Posted on: 9th Apr 2020

Nigeria’s foremost life insurance specialist, African Alliance Insurance plc keeps true to its purpose of protecting the future of every Nigerian by making financial contributions to the Nigerian Insurers Association (NIA) COVID-19 support fund.

The NIA COVID-19 support fund is an initiative of the Nigerian Insurers Association aimed at mitigating the further spread of the virus in Nigeria. The funds raised are to be used in acquiring and distributing protective gear to the public as well as to the healthcare workers who are at the frontline fighting against the COVID-19. African Alliance is further pleased to support this laudable effort as the NIA announced that the funds raised have made possible a donation of N1m free life insurance cover to healthcare professionals (check out this urgent care center Forest Hills to meet the best professionals in this field) taking care of those infected with the virus.

Recall that African Alliance had earlier supported a food outreach to residents of Ikoyi-Obalende LCDA, its immediate community, in conjunction with Megalectrics Ltd, a media company based in Ikoyi and the LCDA.  “We believe the government cannot do it alone, therefore it is our corporate responsibility to offer support and provide for the needs of those around us in these trying times. After all, we promised to be with them for life and that means through thick and thin,” Bankole Banjo, the firm’s Brand, Media and Communications Manager said.

Incorporated in 1960, African Alliance Insurance is a publicly quoted life insurance company operating out of Lagos as well as in 18 branches nationwide. Last month, the firm activated its business continuity plan which implemented specific health measures to curb the spread of the Corona Virus. This was done to ensure the safety of its customers, as well as its employees who are now working remotely.

African Alliance Insurance records impressive Q3, 2019 figures

Posted on: 16th Dec 2019

Foremost Life Insurance Company in Nigeria, African Alliance Insurance PLC. continues to defy the odds with a string of impressive performances that have kept us as the foremost life insurance company in Nigeria.

In the last 59 years, we have been able to stabilise the business and earn positive reviews from industry watchers.

At a press parley held earlier this week at the company’s headquarters in Lagos, Funmi Omo, Managing Director and CEO, African Alliance Insurance PLC, while listing the giant strides the firm has made in less than two years, restated the management’s commitment to sustaining the upward growth trajectory across all metrics.

“Ours is a business that has seen it all and survived it all. Our position in just two years compared to now is a testament to the unstinting leadership and guidance of our Board, the relentless drive of the executive management and most committed and flexible staff who never shies away from challenges in any form”

– Funmi Omo said.

According to a statement obtained from the company, the firm’s premium income grew by 68% from N3.00billion at the end of Q3, 2018 to N5.12 billion at the end of Q3, 2019; while by the end of the third quarter, the firm has also paid claims of about N6billion naira to keep up with its promises of maintaining customer amazement.

In her submission, Olabisi Adekola, Executive Director, Finance, added that African Alliance Insurance’s all-round growth earned it a ‘stable outlook’ and Bb+ by Agusto, foremost financial rating agency in Nigeria.

“That Agusto rated us Bbb+ is a win for us, considering where we were. But we are not relenting, all hands are on deck to sustain this growth and earn a most elite rating consistent with the elite investments we have made in the business”

On the company’s recapitalisation plans, a confident Funmi Omo said: “NAICOM gave a ‘No Objection’ to our plans which means we are on course. Come June 2020, you will see how far we have come. We do not say we are with you for life for fun; we mean every word.”

African Alliance Insurance is a publicly quoted life insurance company, in Nigeria, incorporated in 1960. The firm operates out of the corporate headquarters in Ikoyi, Lagos as well as in 18 branches nationwide. Earlier in the year, the firm was rebranded for the first time in its 59 years history in line with the management’s desire to refresh the brand and reposition it for growth.

We look forward to staying strong in the year 2020, especially as we will celebrate our 60 years of service to Nigerians.

ADDENDUM TO THE NOTICE OF THE 50TH ANNUAL GENERAL MEETING OF AFRICAN ALLIANCE INSURANCE

Posted on: 8th Dec 2019

NOTICE OF THE 50TH ANNUAL GENERAL MEETING OF AFRICAN ALLIANCE INSURANCE – LIFE INSURANCE COMPANY IN NIGERIA

Posted on: 22nd Nov 2019

AFRICAN ALLIANCE INSURANCE PLC KICKS-OFF A 3-MONTH INSURANCE EDUCATION CAMPAIGN

Posted on: 23rd Oct 2019

To mark Nigeria’s Independence Day Celebrations and to further fulfil our commitment to improve the lives of Nigerians. African Alliance Insurance PLC kicks-off a 3-month Insurance Education Campaign with the Launch of a Mobile Experience center (KIOSK) at the Ikeja city mall (ICM), Lagos.

This development became necessary after a recent rise in the need to educate more Nigerians on the benefits of Insurance. Recent development shows that there is only a meagre 1% insurance penetration rate in Nigeria, which indicates that only about 3 million Nigerians have any form of insurance whatsoever.

Reasons cannot be far-fetched as recent data has shown that more than half of the Nigerian population are living below the poverty line, and as such the idea of insurance is unthinkable to a significant number of Nigerians. In addition, consumer purchasing power continues to be negatively impacted by high inflation.

Speaking on the campaign and the need to Re-educate Nigerians about Insurance, Ms. Stella Osanebi, Corporate Communications, African Alliance Insurance says it is important that Nigerians begin to see the role insurance plays in improving our lives and the lives of our children.

“Insurance should never be seen as a burden, for the rich, or something to only pay attention to when there is a lot of income, rather it should be seen as a means to survive the unpredictable economy and eventualities of life. At African Alliance, we have decided to come closer to the people, to share the benefits of Insurance and to also take time to explain the value of signing up for our specially crafted plans which cater to Risk protection, Savings and Investment plan.”

The campaign is scheduled to run for 3 months, with a Free Seminar every Saturday on Insurance Education and a Special activity for Parents and Children every Sunday. Staffs and Representative of African Alliance will also be on ground throughout the week, to guide the audience on the best plans to invest in. From the Money appreciation Plan, Alliance Investment Plus Plan, Income Investment Plan, Alliance Smart Kid, Child Education Plan among other plans.

The KIOSK will be stationed at the Ikeja City Mall (ICM), Lagos from October 1^st, 2019 to December 30^th 2019, and it will be open to new and existing customers for all enquires.

The office will be open every day from Monday to Sunday, between 9am and 7pm.

AFRICAN ALLIANCE INSURANCE PLC. SUPPORTS GLOBAL LEADERS AT THE 2019 HIVE AFRICA CONFERENCE

Posted on: 17th Sep 2019

In the bid to promote leadership and financial independence, African Alliance Insurance PLC, foremost of all life insurance companies in Nigeria, sponsored the Hive Africa’s Global Leaders Program (GLP). The conference, which was held in Lagos on September 11 – 14, 2019, at Lilygate Hotel Lekki, gathered young global leaders and influencers. (more…)

Meet African Alliance Ruth Onuoha!

Posted on: 5th Aug 2019

African Alliance is giving customers a closer look to the dedicated staff behind the success of the Life Insurance brand.

Every week, a staff will share their story to give you an inside look to working with African Alliance Insurance Plc.

Ruth Onuoha shares her dynamic African Alliance story below.

My name is Ruth Onuoha and I am currently a Customer Service Executive and a team-lead here at
African Alliance PLC. I joined this family-oriented community of hard-workers on the 14th of March,
2005 and I have been very pleased ever since.

My job here at AA is very interesting as I get to deal with different people each day. If I were to describe my colleagues, the word that comes to mind is fun-loving. We are such a big happy family that everyone
refers to the other on a first-name basis.
I’ve learned empathy here. Patience has become my watchword and that’s also thanks to working here at AA.
African Alliance is very big on nurturing talents and hence they encourage you to grow in widths and bounds. One of my best experiences here was being celebrated by my MD when I eventually became a chartered insurer. AA supports you.
When I’m not at work, I’m hard at work still. I make out ample time to work with kids and women and I
also pastor alongside my dear husband. I’m very inspired by the stories of women who conquered great
obstacles. Women like Oprah Winfrey & Joyce Meyer are women of great substance in my book.
Speaking of books, one of my favorite ones has to be “Redeeming Love” by Francine Rivers. The happiest
moment in my life that I can think of right now was when my daughter gained admission to medical
school.
If I had a million dollars, I’d open a shelter for the needy, give out scholarships and of course invest in
life insurance.

Marketing Edge honours African Alliance with Re-Launch of the year Award!

Posted on: 1st Aug 2019

Marketing Edge recently concluded the seventh edition of its award show,  themed ‘Story telling as a new paradigm shift in creativity.  Different companies clinched different awards at the event. Among the awards are African Alliance Insurance for the Re-Launch of the year award.

Speaking at the event, Mr. Victor Peters who represented the MD/CEO, African Alliance Insurance Plc, Mrs. Funmi Omo, said African Alliance rebranded in order to add some dynamism and change to the insurance world. He said the move was a blessing to the organisation, which he claimed had been recognized as one of the leading insurance firms in the world.

“The rejuvenation of the company is getting more public recognition,” he said, adding that the company has been on for the past 59 years in the insurance business, hire someone to teach you how to buy TikTok likes.

In his opening speech, Publisher/CEO, Marketing Edge, Mr. John Ajayi said the award was to rekindle fresh thinking on the part of all present, especially marketers, brand and advertisers on how to expand the frontiers of marketing with marketing automation and advertisement. As noted by the Web20Ranker recommended service from other businesses, a marketing tool like digital advertising or SEO is one way to boost your marketing strategy and can help your business.

African Alliance trains Staff in-line with NAICOM Mandate

Posted on: 1st Jul 2019

Part V, section 1 of NAICOM Act on Anti-Money Laundering/Combating the Financing of Terrorism has mandated for an insurance institution to have in place the Anti-Money Laundering/Combating the Financing Terrorism training for her employees, at least once in a year.

African Alliance Insurance employees concluded the AML/CFT training for her staff on the 27^th of June, in respective areas of interests.

The training is conducted during the second quarter of the year with the returns being filed to NAICOM and Nigerian Financial Intelligence Unit (NFIU) on a quarterly basis.

African Alliance Celebrates Africa Day!

Posted on: 26th May 2019

Africa has many rich cultures and historical stories that inspires the rest of the world.

At African Alliance Insurance, every opportunity to promote the culture of the continent is welcomed! As a result, the African Alliance staff wore their African attire to work on Friday, the 25th of May. They represent their culture by teaching colleagues and friends what it means to be from the part of Nigeria, they come from. New songs were taught and new dishes were introduced.

Africa is dynamic and the African Alliance staff showed this by showing it off on Friday!

Africa Alliance celebrates Africa Day

Check HERE for more photos!