Coronation Insurance Awarded Best in Bancassurance Insurance Company of the Year at 2026 BusinessDay BAFI Awards

LAGOS, NIGERIA – October 12, 2026: Coronation Insurance Plc was awarded Best in Bancassurance Insurance Company of the Year at the 2026 BusinessDay Banks and Other Financial Institutions (BAFI) Awards, held on October 9, 2026, at the Civic Centre, Victoria Island, Lagos.

The award recognises Coronation Insurance’s performance in bancassurance and its commitment to expanding access to insurance through strategic partnerships, innovative product development and customer-focused distribution channels.

Organised annually by BusinessDay, the BAFI Awards celebrate excellence, innovation and outstanding performance across Nigeria’s banking and financial services sectors. The awards recognise organisations making significant contributions to industry growth and the advancement of financial services in the country.

The recognition highlights the strength of Coronation Insurance’s strategic partnership with Access Bank Plc, whose forward-thinking approach, collaborative spirit and commitment to financial inclusion have been instrumental in advancing the bancassurance business. Through a shared vision, both organisations continue to explore innovative insurance solutions, collaborate on product development and promote customer education to help more Nigerians understand the value of insurance and make informed decisions about protecting their financial futures.

Access Bank’s belief in the partnership and its commitment to integrating insurance into customers’ everyday banking experiences have helped create opportunities to make insurance more accessible, convenient and relevant. By leveraging the bank’s extensive customer relationships and distribution network, the partnership is helping bridge the insurance protection gap and advance the broader objective of financial inclusion in Nigeria.

Commenting on the award, Mr Olamide Olajolo, Managing Director/Chief Executive Officer of Coronation Insurance Plc, said:

“We are honoured to receive this recognition at the 2026 BusinessDay BAFI Awards. This award affirms our belief that strategic partnerships, customer-centric innovation and shared commitment are essential to expanding insurance penetration and building a more inclusive insurance industry in Nigeria.

“We particularly appreciate Access Bank for its strategic thinking, collaborative approach and strong belief in the potential of our partnership. Beyond distribution, our collaboration encompasses product development, customer education and a shared commitment to making insurance more accessible to Nigerians. Access Bank’s willingness to work with us to identify customer needs and develop relevant solutions demonstrates the value of partnerships built on a common vision and a commitment to delivering meaningful impact.

“Together, we are working to simplify access to insurance, improve understanding of its benefits and ensure that more individuals and businesses can protect what matters most to them. This partnership is an important part of our contribution to financial inclusion, helping to extend the benefits of insurance beyond traditional markets and into the everyday financial lives of more Nigerians.

“This achievement also belongs to our dedicated employees, our partners and, most importantly, our customers, whose trust inspires us to keep raising the bar. We remain focused on deepening our partnerships, strengthening service delivery and developing innovative solutions that deliver lasting value to the people and businesses we serve.”

Bancassurance remains an important component of Coronation Insurance’s distribution strategy, connecting insurance solutions with customers through established banking relationships. By combining insurance expertise with banking reach, the model creates opportunities to improve convenience, strengthen financial awareness and encourage greater adoption of insurance products.

As Nigeria continues to pursue broader financial inclusion, Coronation Insurance remains committed to building partnerships that deliver practical benefits to customers, strengthen financial resilience and expand access to appropriate insurance solutions. Working alongside Access Bank, the company will continue to prioritise innovation, collaborative product development and customer education as key drivers of sustainable growth in the insurance sector.

The award marks an important milestone for Coronation Insurance Plc and reinforces its commitment to advancing bancassurance through strong partnerships, customer-focused innovation and a shared ambition to make insurance accessible to more Nigerians.