INSPENONLINE: Guinea Insurance wins CSR award

Monday 11 May 2015

Guinea Insurance wins CSR award

Chuks Udo Okonta

Guinea Insurance Plc, a renowned and emerging financial risks manager in the country, recently won the Insurance Company of Year 2014 Award in the Corporate Social Responsibility category of Businesstoday Online news. The Awards were given in nine categories namely: Insurance Company of the year, Insurance Man of the year, Insurance Company for Corporate Social Responsibility (CSR) of the year, Micro Insurance Company of the year, Insurance Broking Company of the year, Pension Company of the year, Pension Man of the year, Most Pensions Compliant State of the year and individuals who have contributed to the growth of insurance and pension industry.

Four insurance companies namely: Anchor Insurance Plc; Industrial and General Insurance (IGI), Guinea Insurance Plc and Royal Exchange Insurance Plc, were considered for the CSR Insurance Company in Year 2014 category; of which Guinea Insurance Plc was the popular choice and thus, emerged winner in the category.

The Award for the CSR Insurance Company of the Year came in recognition of the selfless contributions of Guinea Insurance Plc to educational institutions at the bottom of the pyramid which, in turn offered pupils of the various schools new lease of life. The Director-General, Nigerian Insurers Association, Sunday Thomas on behalf of Businesstoday Online News, presented the CSR Insurance Award of the Year to Polycarp Didam, Managing Director of Guinea Insurance Plc while noting that it was “key” for insurance practitioners to become more socially responsible by giving back to the society.

In his words: "It is heart-warming to know that the company’s 2014 CSR efforts did not go unnoticed, we however intend to consolidate on this efforts and continue to show industry analysts, patrons and the general public, the human side of our organisation."

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Lawal is Inspen 2014 insurance man of the year

The former President Chartered Insurance Institute of Nigeria (CIIN) Fatai Lawal has emerged the 2014 Inspenonline Insurance Man of the year.

Fatai who is the the Managing Director Sterling Assurance Nigeria Limited was named today, at the Nigerian Insurance and Pension Award organised by Inspenonline.

Chief Executive Officer Inspenonline Media, Chuks Udo Okonta, said Lawal was picked from the votes casted by the public and other considerations made by the award's panel of assessors.

He noted that the winner raised the bar at the the Institute and the industry by opting to serve a tenure which was eventful and impactful. He added that amongst the legacies left by the winner was the printing and donation of Insurance books to secondary and tertiary institutions aimed at deepening insurance awareness.

Okonta noted that the award, which started two years ago with the recognition of two distinguished individuals and an underwriting company, has now come to stay.

"This year, we decided to raise the bar by setting high standards to judge the operations of companies and impacts made by individuals in moving insurance and pension business forward.

"To achieve this, we gave the public the opportunity to select those to be celebrated by calling for votes. Having harmonised the votes which came from different parts of the country, we benchmarked the scores with the set standard to arrive at the winners we are celebrating today," he said.

Others winners are AIICO Insurance Plc, Insurance company of the year; FUG Pensions Limited, Pension Fund Administrator of the Year; YOA Insurance Brokers Limited and Glanvill Enthoven Insurance Brokers Limited, Insurance Broker of the year.

Professional Excellence Award went to Professor Joe Irukwu; Best Professional Group went to the Chartered Insurance Institute of Nigeria and Association of Registered Insurance Agents of Nigeria; Corporate Brand went to Mansard Insurance Plc and Leadway Assurance Limited while Corporate Social Responsibility Award was won by Sovereign Trust Insurance Plc.

The organisers also recognised organisations that distinguished themselves, with Excellence Award. Organisations in this category include the National Pension Commission, Lagos State Pension Commission, Goldlink Insurance Plc and Pension Transition Administration Directorate.

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