Sanlam Life Insurance Nigeria Limited, formerly FBNInsurance, has been awarded the 2022 Business Day Bank and Other Financial Institutions (BAFI) Life Insurance Company of the Year.
The announcement was made at a high-profile ceremony held recently in Lagos.
Awarded annually and backed by the highly rated Business Day’s Research and Intelligence Unit, the BAFI awards seeks to identify and celebrate financial institutions and their leadership that have excelled across a number of areas.
These include financial performance, shareholder value creation, brand value accretion, corporate governance, sustainability, employment of new technologies, compliance to standards, innovations, and contribution to the industry’s overall growth.
During the award presentation at Sanlam Life’s Head Office in Marina, Lagos, the Managing Director/Chief Executive Officer, Business Day Media, Dr Ogho Okiti, congratulated the management of the Life Insurer on the win while also acknowledging the massive impact Sanlam has made on the continent and in the country.
Accepting the award on behalf of the company, the Managing Director/Chief Executive Officer, Sanlam Life Insurance, Mr Tunde Mimiko, thanked the organizers for the recognition. “At Sanlam Nigeria, we remain committed to providing exceptional service and adding value to our customers.
“Our mandate is to continue to deliver efficient and customer friendly insurance services that help our teeming policyholders live with confidence,” he said.
Speaking further, Mimiko said “we are delighted to be honoured with this award, it further confirms our growing leadership status in the industry. We are not slowing down now, indeed, we will take this as another impetus to continuously add superior value and ensure the very best of our policyholders.”
Sanlam is a pan-African brand with a rich history and heritage. Founded in 1918 as a life insurance company, Sanlam has grown to become the largest non-banking financial services group in Africa.
With a strong presence in 33 countries on the African continent, and a niche presence in India, Malaysia, the United Kingdom and Australia, Sanlam is in 8 out of the 10 largest economies in Africa, with a market capitalization of over $8 billion operating profit of $1 billion before tax and over 154,000 employees globally, delivering superior value to customers, shareholders and the broader society.