IIC INSURANCE SIERRA LEONE WINS INTERNATIONAL FINANCE AWARDS


.......Emerged Best Insurance Company in Sierra Leone, International Insurance Co. (SL) Ltd (IIC INSURANCE) has won the Acquisition International Finance Awards 2014 as the Best Insurance Company in Sierra Leone. In a letter conveying the Award, the UK-based Corporate Finance Awards Body noted that IIC Insurance Sierra Leone made it through its rigorous judging process to emerge as the clear winner. According to AI, each of the short-listed entries was categorized by practice area, region and firm size to ensure the highest degree of fairness and then evaluated the votes it received. It confirms that only the firms and individuals whose work across the past 12 months could truly stand shoulder to shoulder with the best from around the globe were considered. It reassures that all the winners were nominated and voted for by their colleagues, peers and industry experts and the awards are given out solely on merit.

It would be recalled that IIC Insurance has been blazing the trail in the Insurance industry since inception. In less than one year in operation, the Sierra Leone Insurance Commission (SLICOM) rated IIC 'Class A' as the best insurance company in Sierra Leone for the year 2004, in maintaining international standards in its structure, infrastructure and adopting best operational practices. The Company moved from last position in 2003 to 3rd and 2nd positions in Non-life and Life business respectively, out of ten Insurance Companies in 2012 in terms of market share and gross premium according to SLICOM 2012 Industry Report. Within seven years of operation, it opened one of the most vibrant Life Office in the industry today on the 15th of September, 2010. Within 10 years of operation it opened 3 full fledge branches located in Bo, Makeni and Kenema, all ,thoroughly equipped and supported with modern IT infrastructure. The Company marked its 10th year anniversary last year with pomp and pageantry, acquiring a land in the Central Business Area of Freetown and performed the turning of the sod for the construction of an ultra-modern office complex on the 17th of September, 2013. There has not been any dull moment in IIC Insurance since inception on August 1, 2003.

Indeed, all of these achievements within 10 years have been nurtured by the assemblage of high caliber professionals and the best hands in the industry which is a niche that is enjoyed by IIC for the benefit of their clients - Professionalism, Integrity, Excellence and Service.

 

Appointments and Elevations in IIC Insurance
 

Nduka Anyaso, now Group Managing Director of all IIC INSURANCE Subsidiaries in Africa

IIC INSURANCE Sierra Leone boss, Nduka Anyaso, has been appointed the Group Managing Director (GMD) of IIC INSURANCE Companies in The Gambia, Sierra Leone, Liberia, Congo DRC and soon to be opened IIC Mozambique.

In a letter from the FIB GROUP, Owners of FiBank and IIC Insurance subsidiaries worldwide, the Group says that the appointment of Nduka Anyaso as the Group Managing Director of its insurance subsidiaries, which took effect from August 1, 2014, was in recognition of his years of dedication, expertise and immense contribution to the formation and growth of all the Insurance subsidiaries under the Group.

His new task will involve providing leadership and support to all the Managing Directors of the respective Country subsidiaries, who would be reporting directly to him, in addition to his primary responsibility as the MD/CEO of IIC INSURANCE Sierra Leone.

Expectedly, Nduka Anyaso is not new to challenges as he had pioneered the setting up and growth of many Insurance Companies across Africa. It would be recalled that Mr. Anyaso's career in Insurance started after he g r a d u a t e d f r o m t h e p r e s t i g i o u s University of Lagos, Nigeria, in 1987, with a Bachelors of Science Honours Degree in Insurance. He qualified as a Chartered Insurer in 1992, with an Associate of the Chartered Insurance Institute of London (ACII) and in 1993 was admitted as an Associate of the Insurance Institute of Nigeria (AIIN). Nduka Anyaso qualified as a Fellow of the Chartered Insurance Institute of London (FCII) on the 1st 2010 .

He had worked for several Insurance Companies in Nigeria, which included - Niger Insurance Plc, Admiral Insurance Company and Platinum Insurance Brokers, among others, before joining IIC. He ventured into the management of inter-continental insurance business, when he left Nigeria to set-up and became the pioneer Managing Director/CEO of International Insurance Company Limited, Banjul, The Gambia in 2001 and in 2003, he started IIC (SL) Limited as the pioneer Managing Director/CEO, growing the company to become one of the big players in Sierra Leone's insurance industry.

In addition, he had helped to set up International Insurance Company in Guinea, Liberia and Congo DRC, and they are all strong and doing well contributing to the socio- economic development of their various countries. He is presently working assiduously to finalize the setting up of IIC INSURANCE, MOZAMBIQUE.

In a related development, IIC INSURANCE Sierra Leone has elevated Paul Oparah from Deputy General Manager (LIFE) to General Manager (LIFE), as he successfully pioneered the IIC LIFE BUSINESS OFFICE, making it a force to be reckoned with in the insurance industry.


Paul Oparah, B.Sc, M.A.S, ACII, is a Chartered Insurer with many years of professional experience and an expert in Life Insurance business.

In order to bolster the technical department to remain at the cutting edge of market niches and challenges, the company hired another seasoned Chartered Insurer with many years of proven technical and professional expertise, in the person of Paul Aja, B.Sc, M.Sc, ACII; as the General Manager, (Non-Life). Mr. Aja is bringing to IIC Insurance, a track record of excellence in his professional career. He is an amiable gentleman but a stickler for meticulous application of the principles and practice of Insurance ethics in all its ramifications.

A s p a r t o f t h e r e - e n g i n e e r i n g processes within IIC INSURANCE Sierra Leone, Edward Salter has been appointed, Manager, Marketing, to give added impetus to the Marketing Department whose responsibility also encompasses oversight functions over all branch operations.

IIC INSURANCE Sierra Leone which started operations from its head office at 20 Bathurst Street, Freetown, on the 1st of August, 2003, has branch offices in Bo, Makeni and Kenema

 

 
Mission Statement Our Objectives
"To establish the confidence of our customers in the provision of insurance services with a fulfilled workforce and satisfied investors, yet making positive impact in our environment."

Our Company, International Insurance Company (SL) Limited was incorporated on 23rd day of September 2002 under the Companies Act. We obtained our certificate of registration and license under The Business Registration Act No. 17 of 1972 on 7th day of October 2002>>>>>>>...

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