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AIICO INSURANCE PLC's Overview

Total employees2939
HeadquartersVictoria Island, Lagos
Founded1963

AIICO Insurance Plc is a leading composite insurance company in Nigeria, with a rich history spanning over six decades. Established in 1963, AIICO provides a diversified range of financial services including life assurance, general insurance, health insurance, asset management, and pension management. The company is committed to delivering innovative products and excellent customer service, catering to individuals, families, and businesses across Nigeria. AIICO is listed on the Nigerian Exchange Group (NGX) and is known for its financial strength, reliability, and contributions to the Nigerian financial sector.

Where is AIICO INSURANCE PLC's Headquarters?

HQ Function

Serves as the central hub for all corporate operations, strategic decision-making, policy formulation, and overall management of AIICO Insurance Plc's nationwide activities.

Notable Features:

AIICO Plaza is a prominent multi-story office building in Lagos's prime business district, equipped with modern facilities to support its extensive operations.

Work Culture:

The work culture at AIICO's headquarters is characterized by professionalism, a strong customer focus, collaboration, ethical conduct, and a drive for innovation and excellence in the insurance industry.

HQ Significance:

The headquarters is significant as the nerve center of one of Nigeria's oldest and largest insurance companies, symbolizing its stability, market leadership, and commitment to the Nigerian economy.

Values Reflected in HQ: The headquarters' stature and location reflect AIICO's core values of trust, integrity, professionalism, customer-centricity, and its leadership position in the Nigerian insurance sector.

Location:

AIICO Insurance Plc's operations are primarily concentrated within Nigeria, where it maintains an extensive network of branches and a significant market share. The company's strategic focus is on serving the diverse insurance and financial needs of the Nigerian populace and businesses nationwide. While it may engage in international reinsurance partnerships to manage risk, its direct service delivery and operational footprint are rooted in Nigeria.

Street Address:

AIICO Plaza, Plot PC 12, Churchgate Street

City:

Victoria Island, Lagos

State/Province:

Lagos State

Country:

Nigeria

AIICO INSURANCE PLC's Global Presence

Abuja, FCT, Nigeria

Address: AIICO House, Plot 2, Cadastral Zone A0, Central Business District, Abuja, FCT, Nigeria

To expand AIICO's market penetration, manage regional operations, and provide accessible, high-quality insurance services to individual and corporate clients in the Federal Capital Territory and surrounding states, thereby supporting the company's nationwide distribution strategy and customer service commitment.

Port Harcourt, Rivers State, Nigeria

Address: AIICO Building, 20 Aba Road, Port Harcourt, Rivers State, Nigeria

To cater to the insurance needs of individuals and businesses in the oil-rich Niger Delta region, facilitating access to AIICO's products and strengthening its market presence in Southern Nigeria.

Buying Intent Signals for AIICO INSURANCE PLC

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Executive Team of AIICO INSURANCE PLC

As of April 2025, AIICO INSURANCE PLC' leadership includes:

Babatunde Fajemirokun - Managing Director / Chief Executive Officer
Adewale Kadri - Executive Director, Finance
Oladeji Oluwatola - Executive Director, Technical Operations
Olusola Ajayi - Executive Director, Corporate Business & Retail - Ordinary Life
Donald Kanu - Executive Director, Retail Business & Marketing - Annuity

Investors of AIICO INSURANCE PLC

AIICO INSURANCE PLC has been backed by several prominent investors over the years, including:

Nigerian Exchange Group (Ticker: AIICO) - Publicly Traded Company
AIICO Bahamas Limited (Significant Shareholder)
Various Other Institutional and Retail Investors

Executive New Hires/Exits in the Last 12 Months

Hire2
Exits0

In the past 12 months, AIICO Insurance Plc has focused on strengthening its executive leadership team with strategic appointments to drive growth in key business areas. No major executive departures have been publicly announced during this period.

New Appointments:

Mr. Donald Kanu, Mr. Donald Kanu appointed as new Executive Director to strengthen retail business and annuity market leadership.
Mr. Olusola Ajayi, Mr. Olusola Ajayi appointed as new Executive Director to drive growth in corporate and retail life businesses.

Technology (Tech Stack) used by AIICO INSURANCE PLC

Discover the tools AIICO INSURANCE PLC uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

AIICO INSURANCE PLC Email Formats and Examples

AIICO Insurance Plc likely utilizes common corporate email formats for its employees. The most probable format involves a combination of the employee's first initial and last name, or first name and last name, followed by the company domain.

[first_initial][last_name]@aiicoplc.com or [first_name].[last_name]@aiicoplc.com

Format

bfajemirokun@aiicoplc.com or babatunde.fajemirokun@aiicoplc.com

Example

80%

Success rate

News and media

NairametricsMay 20, 2024

AIICO Insurance Plc Appoints Gbenga Ilori as Independent Non-Executive Director

AIICO Insurance Plc announced the appointment of Mr. Gbenga Ilori as an Independent Non-Executive Director, effective May 16, 2024. This appointment is expected to bring additional expertise to the board....more

The Nation NewspaperMay 1, 2024

AIICO Insurance champions pension inclusion for Nigerian youths

AIICO Insurance Plc is actively promoting pension inclusion among Nigerian youths through its subsidiary, AIICO Pension Managers Limited (APML), by emphasizing early financial planning and retirement savings....more

ThisDay LiveMarch 26, 2024

AIICO Insurance Posts N148.2bn Gross Written Premium, Pays N46.2bn Claims in 2023

AIICO Insurance Plc announced its financial results for the year ended December 31, 2023, reporting a Gross Written Premium (GWP) of N148.2 billion and claims payment of N46.2 billion, underscoring its commitment to policyholders....more

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