2023 Awards

ALMOND INSURANCE INDUSTRY AWARDS 2023

AWARDS CATEGORIES

The 2023 Almond Insurance Industry Awards Categories

• Life Insurance Company of the Year
• General Insurance Company of the Year
• Micro/Takaful Insurance Company of the Year
• Insurance Broking Company of the Year
• Insurance Brokers of the Year
• Insurance CEO of the Year
• Reinsurance CEO of the Year

AWARDS CRITERIA AND NOMINEES

1. GENERAL INSURANCE COMPANY OF THE YEAR AWARD

AWARD CRITERIA

Here are the criteria for the 2023 General Insurance Company of the Year Award:

1. Financial Strength (Asset and Shareholders Fund),
2. Significant Impact on the Industry in terms of Gross Premium Income (GPI) Generated,
3. Capital Investment,
4. Brand Visibility and Improvement,
5. Delivery of Unique Specialised Products Relevant to the Nigerian Environment,
6. Claims Settlement Records,
7. Employment (Staff Strength), 
8. Corporate Social Responsibility (CSR), and
9. Customer Service.

The ‘GENERAL INSURANCE COMPANY OF THE YEAR’ Award nominees are:

1. ANCHOR INSURANCE COMPANY LIMITED
2. AXA MANSARD INSURANCE PLC
3. CORNERSTONE INSURANCE PLC
4. CORONATION INSURANCE PLC
5. CUSTODIAN & ALLIED INSURANCE LIMITED
6. LASACO ASSURANCE PLC
7. LEADWAY ASSURANCE COMPANY PLC
8. NEM INSURANCE PLC

2. LIFE INSURANCE COMPANY OF THE YEAR AWARD

AWARD CRITERIA

Here are the criteria for the 2023 Life Insurance Company of the Year Award:

1. Financial Strength (Asset and Shareholders Fund),
2. Significant Impact on the Industry in terms of Gross Premium Income (GPI) Generated,
3. Capital Investment,
4. Brand Visibility and Improvement,
5. Delivery of Unique Specialised Products Relevant to the Nigerian Environment,
6. Claims Settlement Records,
7. Employment (Staff Strength),
8. Corporate Social Responsibility (CSR), and
9. Customer Service.

The ‘LIFE INSURANCE COMPANY OF THE YEAR’ Award nominees are:

1. AFRICAN ALLIANCE INSURANCE PLC
2. AIICO INSURANCE PLC
3. CAPITAL EXPRESS ASSURANCE COMPANY LIMITED
4. CORONATION LIFE ASSURANCE LIMITED
5. CUSTODIAN LIFE ASSURANCE LIMITED
6. LASACO ASSURANCE PLC
7. MUTUAL BENEFITS LIFE ASSURANCE LIMITED
8. OLD MUTUAL NIGERIA LIFE INSURANCE COMPANY LIMITED
9. SANLAM LIFE INSURANCE COMPANY LIMITED
10. ZENITH PRUDENTIAL LIFE INSURANCE COMPANY LIMITED

3. MICRO/TAKAFUL INSURANCE COMPANY OF THE YEAR AWARD

AWARD CRITERIA

Here are the criteria for the 2023 Micro/Takaful Insurance Company of the Year Award:

1. Financial Strength,
2. Products Uniqueness and Affordability,
3. Volume of Direct Sales,
4. Brand Visibility,
5. Claims Payment Records,
6. Products Simplicity and Relevance to the Nigerian Environment,
7. Customer Service Delivery, and
8. Innovation and Technology Adoption in Products Distribution and Sales.

The ‘ MICRO/TAKAFUL INSURANCE COMPANY OF THE YEAR’ Award nominees are:

1. GOXI MICROINSURANCE LIMITED
2. HILAL TAKAFUL NIGERIA LIMITED
3. NOOR TAKAFUL INSURANCE COMPANY LIMITED
4. SALAM TAKAFUL INSURANCE COMPANY LIMITED

4. INSURANCE BROKING COMPANY OF THE YEAR AWARD

AWARD CRITERIA

Here are the criteria for the 2023 Insurance Broking Company of the Year Award:

1. Financial Strength,
2. Customer Care,
3. Impact on Personal Line Marketing and Sales,
4. Business Generated and Placed with Underwriters, and
5. Innovation and Technology Adoption in Distribution/Sales of Insurance Products.

The ‘INSURANCE BROKING COMPANY OF THE YEAR’ Award nominees are:

1. ATIAT INSURANCE BROKERS LIMITED
2. BOFF & COMPANY INSURANCE BROKERS LIMITED
3. FSL INSURANCE BROKERS LIMITED
4. GOLAN HEIGHTS INSURANCE BROKERS LIMITED
5. HOGG ROBINSON LIMITED
6. SCIB NIGERIA & COMPANY LIMITED
7. YOA INSURANCE BROKERS LIMITED

5. INSURANCE CHIEF EXECUTIVE OFFICER (CEO) OF THE YEAR AWARD

AWARD CRITERIA

Here are the criteria for the 2023 Insurance CEO of the Year Award:

1. Length of Service and Contribution to the Industry over the years (Minimum of 10 years),
2. Performance of the Company they Managed,
3. The Extent to which they have contributed to the Company’s Performance,
4. Innovations from the CEO’s Direct Efforts in his Company/Industry Progress,
5. Strong Leadership Skills, and
6. Integrity and Ethics.

The ‘INSURANCE CEO OF THE YEAR’ Award nominees are:

1. Mr Ebose Augustine OSEGHA (MD/CEO, Anchor Insurance Company Limited)
2. Mr Tope SMART (MD, NEM Insurance Plc)
3. Mr Tunde HASSAN-ODUKALE (MD/CEO, Leadway Assurance Plc)
4. Mr Kunle AHMED (CEO, AXA Mansard Insurance Company Limited)

6. REINSURANCE CHIEF EXECUTIVE OFFICER (CEO) OF THE YEAR AWARD

AWARD CRITERIA

Here are the criteria for the 2023 Reinsurance CEO of the Year Award:

1. Length of Service and Contribution to the Industry over the years (Minimum of 10 years),
2. Performance of the Company they Managed,
3. The Extent to which they have Contributed to the Company’s Performance,
4. Innovations from the CEO’s Direct Efforts in his Company/Industry Progress,
5. Strong Leadership Skills, and
6. Integrity and Ethics.

The ‘REINSURANCE CEO OF THE YEAR’ Award nominees are:

1. Mr Fola DANIEL (FBS Reinsurance Limited)
2. Mr Lawrence NAZARE (Continental Reinsurance PLC)

7. INSURANCE BROKER OF THE YEAR AWARD

AWARD CRITERIA

Here are the criteria for the 2023 Insurance Brokers of the Year Award:

1. Length of Service and Contribution to the Industry over the years (Minimum of 10 years),
2. Performance of the Company they Managed,
3. The Extent to which they have Contributed to the Company’s Performance,
4. Innovations from the CEO’s Direct Efforts in his Company/Industry Progress,
5. Strong Leadership Skills, and
6. Integrity and Ethics.

The ‘INSURANCE BROKER OF THE YEAR’ Award nominees are:

1. Mr Oreoluwa-Ebuoluwa OLARINMOYE (Managing Director, Boff & Company Insurance Brokers Limited)
2. Mr Shola TINUBU (Managing Director, SCIB Nigeria & Company Limited)
3. Mrs Enitan SOLARIN (Managing Director, YOA Insurance Brokers Limited)