AIICO Insurance Plc restates commitment in provision for a robust annuity service

AIICO Insurance Plc is committed to providing a robust annuity service as well as driving the growth of insurance, the Group Managing Director/CEO, AIICO Insurance Plc, Babatunde Fajemirokun, has said.

He spoke at the Third AIICO Annual Media Training organised for reporters in Lagos with the theme ‘Understanding annuity business.’

Fajemirokun, who was represented by the Head, Strategic Marketing and Communications, Mr. Segun Olalandu, said the company, which recently marked its 60th Anniversary, is interested in long-term businesses.

He said: “AIICO is doing everything possible to deepen annuity business to take advantage of its inherent opportunities. Despite the challenges involved in the business, we are doing everything possible to deepen it to take advantage of its inherent opportunities.

“Annuity business is a game-changer for everybody. A lot still need to be done to deepen the business in Nigeria. We are not there yet, but step by step, we will get there.”

He said the training was held for reporters to enable them have better understanding of the business to create awareness on the benefits of the product to the public.

Also, the Senior Manager, Business Development, AIICO Insurance, Victor Owotorose, explained that annuities are insurance contracts that promise to pay you regular income immediately or in the future.

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