IEI MD bags Transformative CEO award
The Managing Director of International Energy Insurance PLC (IEI), Mr. Olasupo Sogelola, has bagged the Businessday BAFI award on Transformative CEO of Year for returning the company to profitability.
According to the organisers of the award, Sogelola has been found to be a transformational leader and business strategist who is very passionate about insurance.
Since assuming the leadership role at IEI, the company has witnessed tremendous growth by not only paying all outstanding liabilities but climbing to profitability.
The company has also paid all outstanding claims and now pays genuine claims as and when due.
Sogelola has over 30 years’ experience in the industry, which spans across reinsurance, brokerage, General Insurance, Life insurance, sales, marketing and technical operations.
He was part of the start-up team that led the business transformation of FBN Insurance Limited (a subsidiary of First Bank and Sanlam of South Africa), where he joined as head of the corporate sales division. During his time at FBN, the business saw significant revenue growth and became a market leader in terms of business revenue generated.Related News
As a result of his extraordinary leadership skills, Olasupo acted as the Managing Director of FBN General Insurance Limited from December 2015 to April 2016.
He was also part of the business transformation team that revamped Law Union and Rock Insurance, which metamorphosed into Tangerine General. During his tenure as Executive Director Technical, there was significant improvement in business underwriting quality and product development, particularly in the retail and SME spaces.
He is currently the Managing Director of International Energy Insurance Plc, the fastest-growing insurance company in 2023, based on the latest report from the Naira metric. He has changed the course of business direction and returned the company to profitability.
He is an accomplished executive who has over the years proven himself as a market leader and has played an active role in the Nigerian Insurance Association and the Chartered Insurance Institute of Nigeria.
Sogelola is a devoted Christian, and he is happily married with children.
Since IEI’s acquisition by Norrenberger Group, the company now prides as the fastest growing insurer in the insurance industry.
