Abuja CIIN honours ALLY Microinsurance MD
Abimbola Ilebani, Managing Director of ALLY Microinsurance, is set to be honoured by the Chartered Insurance Institute of Nigeria (CIIN), Abuja Chapter, during Insurance Week 2026 in recognition of her leadership and contribution to the company’s rapid growth trajectory. The recognition comes as part of the institute’s flagship annual programme scheduled to run from May […]
Abimbola Ilebani, Managing Director of ALLY Microinsurance, is set to be honoured by the Chartered Insurance Institute of Nigeria (CIIN), Abuja Chapter, during Insurance Week 2026 in recognition of her leadership and contribution to the company’s rapid growth trajectory.
The recognition comes as part of the institute’s flagship annual programme scheduled to run from May 15 to May 20, spotlighting professionals and organisations considered to be advancing insurance practice and public trust in Nigeria’s insurance industry.
The honour caps a milestone period for ALLY Microinsurance, which recently marked its second anniversary.
The recognition also follows the approval by the National Insurance Commission (NAICOM) confirming Ilebani’s appointment as substantive Managing Director of the company.
According to the company, the recognition is tied to a performance period in which ALLY Microinsurance recorded premium income growth exceeding 387 per cent of its previous yearly total income, alongside additional interest income representing 62 per cent of the same baseline.
Combined, the revenue performance represented more than four times the company’s previous earnings level.
Speaking on the recognition, Ilebani said the achievement reflected the commitment of the company’s workforce and its customer-focused operating model.
“This recognition belongs to the team that shows up every day to put insurance within reach of people who have historically been left outside of it. What we are building is as a result of understanding our customers deeply, pricing for real lives, and executing without shortcuts. I accept this honour in their name,” she said.
The company’s parent group, BAS Group, described the honour as validation of its strategy of building performance-driven subsidiaries across its financial services portfolio.
Group Chief Financial Officer of BAS Group, Adefunke Adenike Shittu, said the company’s financial performance had repositioned ALLY Microinsurance within the sector.
“When the numbers tell a story this clearly, the industry should pay attention. Abimbola has demonstrated that microinsurance, run with rigour and the right commercial instincts, is a growth engine. Two years in, ALLY is not finding its footing; it is setting the pace,” she said.
She added that the company’s performance had significantly strengthened the group’s broader income profile within a single reporting period.
Insurance Week remains one of CIIN’s most prominent industry engagement platforms, designed to recognise individuals and institutions contributing to the advancement of professionalism, innovation, and public confidence in insurance services.
ALLY Microinsurance said it would continue expanding its operations with emphasis on accessible and claims-efficient insurance products targeted at individuals, small businesses, and underserved segments within both the formal and informal sectors of the economy.