Royal Exchange, Premium Pension, 5 others scoop BusinessToday awards

BusinessToday Online, publishers of BusinessToday magazine have awarded five insurance firms, two pension fund administrators for their contributions to the sectors and the economy in 2016. At the award ceremony, which took place in Lagos, Premium Pension Limited won the Most Friendly/Innovative Pension Company of the Year award, Royal Exchange Plc won the 2016 Insurance […]

BusinessToday Online, publishers of BusinessToday magazine have awarded five insurance firms, two pension fund administrators for their contributions to the sectors and the economy in 2016.

At the award ceremony, which took place in Lagos, Premium Pension Limited won the Most Friendly/Innovative Pension Company of the Year award, Royal Exchange Plc won the 2016 Insurance Company of the Year, while its Group Managing Director, Alhaji Auwalu Muktari was awarded the 2016  Insurance Man of the Year.

Sovereign Trust Insurance Plc got the Most Innovative Insurance Brand of the Year award, while the Corporate Social Responsibility of the Year award went to Universal Insurance Plc.

Anchor Insurance Limited went home with the Retail Insurance Company of the Year award, while IEI Anchor Pension Managers Limited won the Pension Fund Administrator (PFA) of the Year award.

Also, Excellence Award was won Commissioner Ministry of Establishments, Training and Pensions, Lagos State, Dr. Benson Akintola Oke.

Speaking on the award, which is in its 4th edition, the Managing Director, BusinessToday Communication, Nkechi Naeche , said the awards was designed to celebrate exceptional professionals and firms who contributed to the growth of Nigeria’s insurance and pension industry in 2016.

 The award, which is in seven categories, had 25 nominees, from which eight winners emerged.

Speaking on the theme of the award ceremony " Current annuity Fund arrangement: A Threat or Blessing To Insurers," she said the topic was chosen to help proffer solutions to the challenges presently confronting life insurance companies in the new arrangement.