“African Alliance Insurance Recorded 78% Increase in Q1 Gross Premium. We are in a Strong Financial Position” – MD, Funmi Omo Says

Posted on: 21st May 2019

The Managing Director of Nigeria’s foremost insurance company, African Alliance Insurance Plc, has disclosed that the company recorded a 78% increase in gross premium in Quarter 1, 2019 compared to the same period in 2018.

She disclosed this ahead of the company’s release of its audited financial statements and in response to confirmation on the company’s 2019 target goals.

“African Alliance Insurance has grown strategically in the past year. In the same Quarter 1, we paid claims worth N1.8billion as against N1.5billion in the same period last year. We are in a strong financial position, and our recent investments and decisions back this,” she affirmed.

To further demonstrate its commitment towards financial inclusion and its brand promise to protect the future of every Nigerian, the company recently embarked on a nationwide Takaful campaign aimed at spreading kindness nationwide. The campaign is a call to spread kindness and work together towards achieving life’s goals.

In response to the campaign, one of its customers commented: “Your Takaful services have been excellent. Your account managers remained impressive in relationship management, and most importantly, payment of claims have been prompt. Hence, the reason I have been able to refer more people to get your Takaful Plan over the years”.

The company recently embarked on its first rebranding campaign since its 58-year existence. The rebranding was the first in the company’s history, was led by its MD, Mrs. Funmi Omo in a bid to refresh the brand and align its internal digital transformation to its outward, youthful look and feel. The new logo boasts of two solid shades of blue and diamond shape.

“Life is precious to every one of us. There is no other country in the world where people are resilient and determined to make the most out of life. Our new diamond logo demonstrates how special our customers are to us,” she said.

Mrs. Omo added that the company’s focus on digital transformation will not only boost internal process efficiency but take the conversations to the customers on the digital channels for better customer experience.

“Right now, a customer can take a policy from the comfort of their homes on our website or through social media. It does not get easier than this. Now, our customers do not have to stress themselves to protect their loved ones. The reward for their love is convenience,” she added.

The company has also been active towards its Corporate Social Responsibility (CSR) including its recent activities where the team visited two public schools with gifts.