Mrs. Funmi Babington-Ashaye
Chairman - Mrs. Funmi Babington-Ashaye
One of Nigeria’s Leading Risk Underwriters, Mrs Funmi Babington-Ashaye, is the Managing Director/ CEO of Risk Analyst Insurance Brokers Limited.
Babington-Ashaye, former Managing Director/ Chief Executive of Cornerstone Insurance Plc and NICON Insurance Plc, holds a Master’s Degree in Business
She is an Alumnus of Lagos Business School and a Fellow of both the Chartered Insurance Institute both of Nigeria and United Kingdom.
Babington-Ashaye started her insurance career with Royal Exchange Assurance Plc and later joined Cornerstone Insurance Plc as a pioneer staff in 1991 as an
underwriter in Accident dept. She has won various awards including JC’s Lepine Prize Award by Chartered Insurance Institute London in 1990. In the same year,
she also emerges as the overall Best Female student in the professional Examination (CIIN). In 2007, she won WEAN (Women Entrepreneur Achievers award)
in Non-Banking sector.
During her tenure in Cornerstone Insurance, she worked in various departments, underwriting, reinsurance, claims, information technology, special risk, oil
and Gas, Aviation. She rose from level of a manager to Managing Director of the company spanning about 18years. She introduced several innovations, among
which is Saturday Insurance, the first in the Nigeria insurance industry and she grew the turnover of the company by 80 per cent within one year and successfully
recapitalised the company.
She is a seasoned underwriter with 28 years cognate experience in the insurance industry.She has attended many courses in Nigeria and Overseas and
currently serves on the governing council of the chartered Insurance Institute of Nigeria. She was appointed interim Managing Director of NICON Insurance Plc by
the Federal Government to assist them in running the company as a going concern pending the resolution of the impasse between the insurance industry and the
regulator (NATIONAL INSURANCE COMMISSION) and the core investor.