Mrs. Funmi Omo
Managing Director - B.Sc., ACII (Chartered Insurer), AMNIM, Fiapm
An innovative and transformational leader, ‘Funmilayo Omo brings over 25 years of experience and a proven track record of success into her role as the Managing Director of African Alliance Plc.
She began her professional career in 1991 at African Alliance, before it was listed on the Nigerian Stock Exchange, as the Head of Department, Individual Business. Her drive and penchant for excellence led to her promotion to the position, Head of Technical, Insurance Operations, where she successfully led the retail marketing team to expand the business volume by over 1000%. Following that, she rose to the position of the Chief Operating Officer in 2006, where she was solely responsible for providing strategic direction for the company’s business operations.
In 2012, Funmilayo resumed the position of Executive Director, Operations at African Alliance Plc, overseeing an 80-staff team comprising of three departments. There, she doubled the gross premium income of the company within 3 years. During the period, she pioneered the design of the annuity products of the company boosting the annuity product range of African Alliance Plc to become a top-3 market player in the industry. She was credited for championing the design of the life administration application and supervising the transition of African Alliance Plc from semi-automated application usage to fully automated management; a change that saved the company countless man hours, thereby improving efficiency and turnaround time.
As an innovative leader with a keen insight into the insurance market terrain, Funmilayo pioneered the design, modelling and marketing of Takaful in African Alliance Plc as the pioneer family Takaful Office in Nigeria. She also developed and successfully launched micro insurance as a Strategic Business Unit in African Alliance Plc.
In addition to her BSc. (Hons.) degree in Insurance from the University of Lagos, ‘Funmilayo is an Associate Member of the prestigious Chartered Institute of Insurance, London, an Associate Member of the Nigerian Institute of Management and an Associate Member of the Certified Pensions Institute of Nigeria. She is an alumnus of the Lagos Business School and the China Europe International Business School (CEIBS).
‘Funmilayo served on the Board of Trustees, Ajaokuta Steel Complex, Axiom Air and National Iron Ore Mining Company (NIOMCO) until 2016. She currently serves on the board of Frenchies Food, as well as on the board of PAL Pensions Alliance, an associate of African Alliance Plc.