What is the latest status of the project “AIICO”?

The status recorded for “AIICO” is completed.

Who are the main government, EPC, and private stakeholders for “AIICO”?

Taiyo maps the stakeholders of “AIICO”: government bodies (International Finance Corporation (IFC)).

What is the budget and commercial profile for the project “AIICO”?

Taiyo normalizes the budget of “AIICO” to USD 20000000.

Where can I verify the source and access all details for “AIICO”?

This Taiyo project page references International Finance Corporation (IFC) along with the original URL (https://disclosures.ifc.org/project-detail/SII/33203/aiico). Taiyo standardizes official data into a consistent, searchable project profile.

AIICO

Sector: Residential • Location: Nigeria

Source: International Finance Corporation (IFC)

Project

Completed

AIICO is a leading insurance company in Nigeria with two principal business lines: life insurance and non-life insurance. The company also has three non-core business lines: asset management, health management and pensions. It commenced operations in Nigeria in 1963 as an agency office of American Life Insurance Company (“ALICO”), a subsidiary of American International Group (“AIG”). AIICO was th

Project Information

5 Q

The project “AIICO” is an infrastructure initiative in the Residential sector, located in Nigeria. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

Sponsoring Agency	Obfuscated Data
Company	Obfuscated Data

Status

Original status	completed
Taiyo status	Obfuscated Data
Taiyo last update	00-00-0000
Available timestamps	00-00-0000
Available timestamp type	Obfuscated Data

Contact

Contact name	Obfuscated Data
Phone	0000000000
Email	ObfuscatedData@email.com
Address	Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data

Description

Description	AIICO is a leading insurance company in Nigeria with two principal business lines: life insurance and non-life insurance. The company also has three non-core business lines: asset management, health management and pensions. It commenced operations in Nigeria in 1963 as an agency office of American Life Insurance Company (“ALICO”), a subsidiary of American International Group (“AIG”). AIICO was then incorporated, registered and licensed in Nigeria in 1970 as a wholly owned subsidiary of AIG to offer life, pension products and insurance services. Although it was originally established as a life insurance business, the Company has since diversified into other financial services through its subsidiaries: Multi-shield HMO limited (92%), AIICO Capital Limited (100%), and AIICO Pension Managers Limited (58%). The proposed investment consists of up to US$20 million in senior convertible loan to support the Company’s growth in Nigeria through the expansion of its agency and retail hubs, improvement of its technology platform, and new product development.
Original sub-sector	Obfuscated
Original Currency	USD
Original budget	000000000000000
Procurement method	Obfuscated Data
Budget	000000000000000

Location

Region	Obfuscated
Country	Obfuscated
State	Obfuscated Data
County	Obfuscated
Location	Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data

Source

Source reliability	High
Data quality score	100%
Source	Obfuscated Data
URL	obfuscated_data,obfuscateddata.com

More Details

Project Type	Obfuscated Data
Article Published Date	Obfuscated Data

AIICO

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