Funmi Babington-Ashaye: An Underwriter With A Touch Of Gold

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Mrs Funmi Babington-Ashaye is the managing director/ CEO of Risk Analyst Insurance Brokers Limited, a company he founded.

Between 1987 and 1991, Babington-Ashaye was employed by Royal Exchange Assurance within their underwriting and claims department. She gained valuable expertise underwriting all classes of insurance including general accident, burglary and money, as well as fidelity guarantees. During the ‘90s and ‘00s she attended a plethora of industry courses and seminars including Senior Management Programme at Lagos Business School and Finance for Senior Executives at Harvard Business School.

Prior to working with Risk Analyst Insurance Brokers, Babington-Ashaye worked as managing director of Cornerstone Insurance, a leading public insurance underwriter in Nigeria. In addition to managing company strategy and co-ordinating the marketing and technical divisions, she directly supervised the reinsurance unit as well as the special risks department that managed oil and gas and aviation sector insurance policies.

Babington-Ashaye is also an author, in 2017 she published a book titled “Insurance in Practice –All you need to need about Insurance in Nigeria”.“There are challenges, but when you are focussed, dedicated and determined, you will scale through all the hurdles. Looking back, I thank God how far He has helped me.

“I’m a very passionate person. If I believe in anything, I put in everything to make it work. In fact, I do tell people that since I started here, it’s as if I’m not working because when I was on the other side, I put in so much. Then, sometimes I had to work late into the night. But starting this company, I’m not burdened because once you are used to hard work, you don’t believe that there is a challenge you can’t overcome.

 

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