AIICO insurance appoints Gbenga Ilori as executive director

By Cynthia Ezekwe .

AIICO insurance Plc has notified the Nigerian Exchange Limited (NGX), shareholders, and the investing public of the appointment of  Gbenga Ilori as an executive director of the Company.

The company disclosed this in a statement signed by Donald Kanu, its secretary/chief general counsel and published on NGX platform, noting that the approval of the National Insurance Commission (NAICOM) has been obtained for Ilori’s  appointment.

Ilori is a certified insurance practitioner with over 20 years of progressive work experience in areas that cut across sales, marketing, operations, customer service, strategy, and general management.

He joined AIICO Insurance plc in November 2010 as the group head of retail, to drive the retail businesses of both life and general operations. This, he did successfully, overseeing a major re-organisation of the agency network for the distribution of all retail products within AIICO. He led his team to establish the annuity desk in AIICO and trained their agency network on annuity opportunities in the Pension Reform Act.

He was later appointed the special assistant to the group managing director in April 2012. He and his team pioneered the microinsurance business in AIICO in 2014.

However, he left AIICO in 2020 to join Coronation Life Assurance Limited in 2020 as the executive director – technical.

During his period at Coronation, he oversaw the agency distribution channel, supported the bancassurance initiative of the ecosystem, oversaw product development, technical operations, and the execution of the marketing strategy in the company. He  rejoined AIICO in 2022 to lead the retail business function and agency operations.

Ilori is an associate of the Chartered Insurance Institute of Nigeria (ACIIN) and has attended several courses in Microinsurance, Customer Experience, Brand Management, Strategic Marketing, Product Development, Business Strategy, Relationship Management, Risk management, and Finance, both locally and abroad.

He is an alumnus of the Lagos Business School, where he took a 9-month course in Senior Management. He is also a member of the Technical Committee of the Chartered Insurance Institute of Nigeria (CIIN).