L-R: Dr Tonia Smart, MD/CEO, YorkCity Limited and Chairperson of the awards; Mr Wale Banmore, MD, Royal Exchange Prudential Life shaking hands with Ms Nkechi Naeche ,CEO, BusinessToday Communication for a successful awards and Former DG Laspec Mr Rotimi Adekunle Hussani during the 4th edition of BusinessToday Insurance and Pension Industry Awards 2016 held at Protea hotel in Lagos May 31, 2017.

BusinessToday Communication owners of BusinessToday Online and BusinessToday Magazine has given awards to five insurance firms, two pension fund administrators and the commissioner Ministry of Establishments, Training, and Pensions Lagos State, Dr. Benson Akintola Oke for their contributions to their sectors and the economy in 2016.
The Award ceremony, which took place at the 2016 Nigerian Insurance & Pension Awards organised by BusinessToday Communication in Lagos on Wednesday saw Premium Pension Pension Limited winning 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 awarded the 2016 BusinessToday online Insurance Man of the Year.

Sovereign Trust Insurance Plc got the Most Innovative Insurance Brand of the Year award, even as 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 went won the Pension Fund Administrator (PFA) of the Year award with Excellence Award going to Commissioner Ministry of Establishments, Training and Pensions, Lagos State, Dr. Benson Akintola Oke.

Speaking on the motive of the award, which started four years ago, the Managing Director said BusinessToday Communication said Nkechi Naeche , said the awards was designed to celebrate exceptional professionals and firms who have exceeded in their field and contributed to the growth of Nigeria insurance and pension industry in 2016.
This year’s award, according to him, was organised by setting standards to judge the operation of companies and state governments that have helped to foster growth and developments in insurance and pension operations i
The award, which is in seven categories, had 25 nominees of which eight winners emerged, even as Commissioner Ministry of Establishments, Training and Pensions, Lagos State, Dr. Benson Akintola Oke was recognised for his contributions to the growth of contributory Pension Scheme in Lagos State.
On the theme of the Award ceremony, which is ” 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 the life insurance company in the new arrangement.