AIICO, WEMA poised to deepen insurance penetration

AIICO Insurance Plc., says it has concluded plans with Wema Bank to increase access to retail insurance products in Nigeria leveraging on the bank’s robust and efficient retail distribution network.
This is on the heels of the recent endorsement by both the National Insurance Commission (NAICOM) and The Central Bank of Nigeria (CBN).
AIICO, a leading life insurer in Nigeria, commenced operations in 1963.
It provides life and health insurance, general insurance, investment management and pension management services as a means to create and protect wealth for individuals, families and corporate customers.
Executive Director, Technical of AIICO Insurance, Adewale Kadri, stated that it is another move by AIICO to demonstrate its commitment to increase awareness, access and deepen insurance penetration in Nigeria.
“The public can now be linked to AIICO’s bouquet of retail products through Wema Bank’s digital channels anytime and anywhere” he said.
Head, Retail & SME, Wema Bank, Dotun Ifebogun, stated that the bank is delighted to be partnering with AIICO on this initiative.
He said “both organizations have a shared legacy of trust and resilience that has won the loyalty of customers over decades.
We look forward to fruitful outcomes on this endeavour to the delight of our highly esteemed customers and the general public”.