AIICO AT 60 SPONSORED NSACC FEBRUARY BREAKFAST MEETING

... As Akshat Kumar Speaks On Building A Dynamic, Resilient And Forward-thinking Workforce With The Use of the 3C's

AIICO Insurance Plc, a leading and prominent entity in Nigeria’s insurance industry sponsored the February edition of the Nigerian South Africa Chamber of Commerce (NSACC) monthly Breakfast meeting in celebration of its Diamond Jubilee anniversary. It was held on Thursday, 29th February 2024 at Orchid Hall, Eko Hotel & Suites, Victoria Island, Lagos.

Osayaba Giwa-Osagie, Chairman Nigeria South Africa Chamber of Commerce; Akshat Kumar, Chief Learning Officer, AIICO Insurance Plc; Dr. Ije Jidenma, Director, Nigeria South Africa Chamber of Commerce; Adewale Kadri, ED Technical, AIICO Insurance Plc; Ajibola Olomola, Vice Chairman, Nigeria South Africa Chamber of commerce; Niran Aderinoye, Regional Manager, Corporate Sales, AIICO Insurance Plc and Iyke Ejimofor, Executive Secretary, Nigeria South Africa Chamber of Commerce at the Chamber's Breakfast Forum sponsored by AIICO Insurance Plc.

The breakfast theme, "Building Future-Proof Leaders: Equipping Your Workforce For Disruption and Change was delivered by Akshat Kumar, the Chief Learning Officer of AIICO Insurance Plc.

The quest speaker, Akshat Kumar, the Chief Learning Officer of AIICO Insurance Plc explores the importance of preparing leaders to navigate the ever-changing landscape of business. He argues that traditional leadership models are no longer effective in a world of constant disruption and innovation. Kumar emphasizes the need for leaders to possess the skills and mindset necessary to adapt and thrive in a rapidly evolving environment. Drawing on his own experience and research, he provides practical strategies for developing future-proof leaders, focusing on areas such as agility, resilience, and the ability to embrace and drive change. He emphasized that leadership roles demand a shift from functional competency to role modelling and visionary leadership, underscoring the role of leaders in navigating change and fostering agility within organisations. Through his speech, the audience gains valuable insights and tools to build a dynamic and forward-thinking workforce capable of thriving in a disruptive world with the use of the 3 C's ( Curiosity, Creativity and Courage).

Guest Speaker: Mr. Akshat Kumar, Chief Learning Officer, AIICO Insurance Plc

The Executive Director Technical, AIICO Insurance Plc, Adewale Kadri gave a comprehensive overview of the company's achievements and growth as it celebrated its 60th anniversary. In his exclusive address during the NSACC breakfast meeting, Mr. Kadiri highlighted the company's commitment towards excellence and innovation in the insurance industry.

Iyke Ejimofor, Executive Secretary, Nigeria South Africa Chamber of Commerce; Dr. Ije Jidenma, Director, Nigeria South Africa Chamber of Commerce; Osayaba Giwa-Osagie, Chairman Nigeria South Africa Chamber of Commerce; Mr. Akshat Kumar, Chief Learning Officer, AIICO Insurance Plc; Adewale Kadri, ED Technical, AIICO Insurance Plc; As the Chamber presented an award to Mr. Akshat Kumar, Chief Learning Officer, AIICO Insurance Plc during the Chamber's Breakfast Forum sponsored by AIICO Insurance Plc.

He emphasized AIICO's strong financial performance and unwavering dedication to delivering exceptional services to its customers. Furthermore, his overview showcased AIICO Insurance Plc as a reputable and forward-thinking organization in the insurance sector.

BRIEF ABOUT AIICO INSURANCE PLC

AIICO Insurance Plc was established in 1963, as an insurance, health maintenance, and asset management Group in Nigeria with market-leading positions in its key business lines.

AIICO commenced operations in Nigeria as an Agency of American Life Insurance Company (“ALICO”), a subsidiary of American International Group (AIG).

The Company was incorporated, registered and licensed in Nigeria as American Life Insurance Company Limited as a wholly-owned subsidiary of ALICO/AIG in 1970 that offered Life and Pension products as well as Insurance services. It was later renamed American International Insurance Company Limited (AIICO) upon the acquisition of a 60% stake by the Federal Government of Nigeria and subsequently listed on the Nigerian Stock Exchange in 1990, after which both shareholders divested.

Following the consolidation of the insurance industry in 2007, the Company acquired NFI Insurance Plc. and Lamda Insurance Company Limited (both cumulatively accounting for less than 30% of AIICO’s pre-acquisition gross premiums). The Company subsequently recertified as a General Insurance and Life Assurance Company, taking advantage of its legacy, brand, franchise and strong retail distribution network to grow a leading General Insurance business.

AIICO owns valuable financial and strategic assets; these include a controlling stake in AIICO Multishield Limited and a 19% stake in Healthcare International Limited; both are Healthcare Management Organizations (HMOs). AIICO Capital Limited, an asset management company is a wholly-owned subsidiary.