The Leading Insurance Companies in Nigeria. The Tunisian Federation of Insurance Companies “FTUSA” and Tunisian Reinsurance Company “TUNIS RE” are honored to host the 42nd AIO Conference and General Assembly from 24th to 27th May in Gammarth, Tunisia. The conference will be organised under the auspices of the African Insurance Organisation “AIO.” This conference presents a good opportunity for a valuable exchange of ideas and experiences in order to support business exchange between the different partners of our industry. On behalf of all members of the Organising Committee, we would like to welcome you to Gammarth. Wishing you a pleasant stay in Tunisia! Mrs. Lamia Ben Mahmoud, President of the Local Committee Chairman of the Tunisian Reinsurance Company “TUNIS RE”
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SPECIAL Report Monday May 25 - 31, 2015 Vol. 001. 06 The Leading Insurance Companies in Nigeria 42nd AIO Conference and General Assembly Tunisia 2015 The Tunisian Federation of Insurance Companies “FTUSA” and Tunisian Reinsurance Company “TUNIS RE” are honored to host the 42nd AIO Conference and General Assembly from 24th to 27th May in Gammarth, Tunisia. The conference will be organised under the auspices of the African Insurance Organisation “AIO.” This conference presents a good opportunity for a valuable exchange of ideas and experiences in order to support business exchange between the different partners of our industry. On behalf of all members of the Organising Committee, we would like to welcome you to Gammarth. Wishing you a pleasant stay in Tunisia! Mrs. Lamia Ben Mahmoud President of the Local Committee Chairman of the Tunisian Reinsurance Company “TUNIS RE” www.businessjournalng.com Fola Daniel Mrs. Lamia Ben Mahmoud Prisca Soares Commissioner for Insurance, Federal Republic of Nigeria President of the Local Committee Chairman of the Tunisian Reinsurance Company “TUNIS RE” General Secretary AIO
Transcript
Special ReportSPECIALReport Monday May 25 - 31, 2015 Vol. 001. 06
The Leading Insurance Companies in Nigeria
42nd AIO Conference and General Assembly
Tunisia 2015
The Tunisian Federation of Insurance Companies “FTUSA” and Tunisian Reinsurance Company “TUNIS RE” are honored to host the 42nd AIO Conference and General Assembly from 24th to 27th May in Gammarth, Tunisia.The conference will be organised under the auspices of the African Insurance Organisation “AIO.”This conference presents a good opportunity for a valuable exchange of ideas and experiences in order to support business exchange between the different partners of our industry.On behalf of all members of the Organising Committee, we would like to welcome you to Gammarth. Wishing you a pleasant stay in Tunisia!
Mrs. Lamia Ben MahmoudPresident of the Local Committee Chairman of the Tunisian Reinsurance Company “TUNIS RE”
www.businessjournalng.com
Fola Daniel Mrs. Lamia Ben Mahmoud Prisca SoaresCommissioner for Insurance, Federal Republic of Nigeria
President of the Local Committee Chairman of the Tunisian Reinsurance Company “TUNIS RE”
General Secretary AIO
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• OUR MISSION - WHAT WE SET OUT TO ACHIEVE
To establish an insurance company that will be a reference point in terms of customer satisfaction, new product development and excellent claims ser-vices in the Nigerian insurance industry.
We hope to achieve this by putting together a highly motivated workforce and state-of-the-art office technology, and undertaking regular market re-search.
In all these, we are committed to in-tegrity and good business ethics.
• THE COMPANY - E. A.
EQUITY ASSURANCE PLC (The Com-pany/”EA”) was incorporated on 13th December, 1984 with registration num-ber RC. 65443 and was licensed by the then office of the Director of Insurance to underwrite all classes of general business.
E. A., operates with a recently in-creased authorised share capital of N7 billion and shareholders fund of about N5.1 billion. Gross premium income has grown tremendously from N863 million in 2004 to N3.2 billion in 2011.
E.A. is a corporate member of the West African Insurance Company As-sociation (WAICA), Nigerian- South Af-rican Chamber of Commerce and the Nigeria Insurers’ Association (NIA), the official umbrella of registered insurance companies in Nigeria, as well as The Af-rica Insurance Organisation (AIO).
Equity Assurance in its three decades of existence has grown from a non-life insurance Service Provider to a Finan-cial Services Group with diversified in-terests in Healthcare Management and Hospitality Services.
The company also has presence in Ghana and Liberia. This has enhanced its corporate position and further rein-forces the vision of being a leading In-surance Group in Africa.
Incorporated in 1984, Equity Assur-ance is the merger of Equity Indemnity Insurance Limited and First Assurance Plc. The company has built a legacy of trust and a tradition of excellence in its three decades of existence.
Equity Assurance leverages on its wealth of experience and strong net-works to build a company that values innovation, technology and its people. This has translated into sustainable growth for the company over the years. Listed on the Nigerian Stock Exchange, Equity Assurance now records premi-um income in billions.
The strength and credibility of an in-surer is tested by its response to claims. This has formed part of its strategic thrust over the years. Prompt claims settlement and excellent service de-livery will continue to be on the front burner of the company’s value chain.
Equity Assurance remains committed to delivering on its brand promise of re-warding trust.
Our Strategy:Equity Assurance Plc’s strategy is
based on the principle of derivation: knowing the needs of the customer and providing tailor-made solutions to meet and exceed those needs. The strategy is hinged on service, people and cutting edge technology.Equity Assurance boasts of a wide branch network in Nigeria and Ghana.This enhances insurance penetration, thus taking insurance from the urban to re-mote parts of Africa. The same will be replicated in the Liberia subsidiary and others in the pipeline.
The company has continued to make strategic investments in research and development (R&D), training and de-ploying latest, relevant technology to its advantage. The result of this is a wide range of distribution and e-com-merce channels.
The company’s investment in cut-ting-edge technology helps to improve its internal processes and distribution networks making its products more ac-cessible and available on-the-go.
Future Outlook:Equity Assurance Plc aims to con-
tinually explore opportunities in stra-tegic partnerships while expanding its spread across the African continent.
Built on sound management princi-ples, the focus of the company’s activi-ties is to seek continuous improvement in business processes, risk manage-ment, service delivery and customer experience.
As the parent company for its sub-sidiaries and more to come, Equity As-surance will continually strive to build a company that will leverage on its rich heritage and propel the entire Group into new pedestals of excellence.
• OUR PRODUCTS AND SERVICES
We provide the following Insurance Services: -
- Fire and Special Peril Insur-ance
- Consequential Loss Insurance- Burglary Insurance- Householder’s Insurance- Cash in Transit Insurance- Goods in Transit Insurance- Public Liability Insurance- Products Liability Insurance- Fidelity Guarantee Insurance- Aviation Insurance- Oil & Energy Insurance- Medical Expense/Evacuations
Insurance (SOS)- Personal Liability Insurance- Personal Accident (Group &
Individual) Insurance. - Workmen Compensation In-
surance- Plant All Risk Insurance- Marine Insurance- Contractor’s All Risk Insur-
ance- All Risk Insurance- Performance/Bid/Advance
Payment Bond- Welfare Funds- Medical Evacuation Insurance
e.t.c.
In addition to the above general lines of insurance products, our business de-velopment strategy of envisaging our clients’ insurance needs and develop-ing tailor-made insurance products led us to develop the following innovative products for some identified market niches: -
• AN EQUITY ENHANCED MOTOR POLICY that provides extra benefits such as replacement Cars for Accident vehicles, Garage Services, In-creased Medical Expense Cover, etc in addition to the normal motor compre-hensive insurance cover.
• A BLANKET ENGINEERING PACKAGE POLICY arranged in conjunc-tion with one of our international re-in-surers, Swiss-Re to cover the entire risk exposures of engineering companies. It is a very flexible package policy that provides adequate cover for special equipment and special types of vehi-cles.
• A BANKERS’ MARINE OPEN COVER POLICY that provides banks with a standby Marine Insurance cover for their customers’ imported goods for which Letters of Credit are opened.
• AN EQUITY MASTER LEASING POLICY to take care of the interest of both the lessor and the lessee.
• A MORTGAGE PACKAGE POL-ICY to protect the interest of both the mortgagee and the mortgagor.
• THE SOS INTERNATIONAL MEDICAL ASSISTANCE PROGRAMME
Provides insurance cover for illness necessitating emergency medical treat-ment abroad. Members are entitled to immediate evacuation and subsequent medical attention from the country of incident to any hospital in the world where the member can be treated.
• THE MATURED DRIVERS MO-TOR POLICY is a special motor policy packaged for individual policyholders and their spouses. Special features in-clude 50% discount at inception and the policy is excess free.
• THE INDUSTRIAL ALL RISK POLICY is a combination of various industrial risks in a single package. it includes Fire, Consequential Loss, Bur-glary, Machinery Breakdown and Com-puter Insurance. This is a special pack-age for large industrial organisations.
WHY YOU SHOULD INSURE WITH Equity Assurance Plc
Our Strong Points:
• STRONG CAPITAL BASE: - Our high capitalisation guarantees prompt settlement of your claims when the un-expected happens.
• ADEQUATE RE-INSURANCE SUPPORT: -
The greater underwriting flexibility made possible by our local and interna-tional reinsurance facilities, permits us to give our clients more comprehensive insurance covers.
• PROMPT CLAIMS SETTLE-MENT: - We release our Claims Dis-charge Voucher within one week of claims documentation and settlement cheque within one week of receipt of duly signed Discharged Voucher.
• HUMAN RESOURCES: - Our team of qualified and highly motivated employees assists in the growth of our clients operations by regularly monitor-ing their insurance programmes, pro-viding efficient and advisory role that
helps in the identification and control of our clients’ insurance needs.
OPERATIONAL STRUCTURE: -
Our unique UNIT SYSTEM which in-volves the division of the company into operational units where each unit is composed of Underwriters, Marketers and claims personnel ensures that our services delivery is achieved with maxi-mum convenience for our clients.
Each client or broker in each of the units is allocated an ACCOUNT EXECU-TIVE who is responsible for the co-or-dination of all the clients/brokers’ deal-ings with our company viz-a-viz: - giving premium quotations, preparation of insurance certificates and policy doc-uments, and delivery of same; claims processing and settlement, etc.
• OPERATIONAL SYSTEM:- Full computerisation of our opera-
tions enables us to give quality services to our clients in the most efficient man-ner
• INNOVATIVE PRODUCTS: - Tailor-made to meet clients’ specific
needs.
• EXPERIENCE: - Our dealings with major companies
who are key players in their various sec-tors of the economy put us in a vantage position to offer useful advice on our clients’ overall risk management port-folio.
NATIONWIDE BRANCH NETWORK:
- You can report your claims and undertake policy renewals in any of our branches located in Lagos, Ibadan, Port-Harcourt, Warri, Kano, Kaduna, Abuja, Ilorin, Onitsha, Ikeja, Akure, Abeokuta, Calabar, Ijebu-Ode, & Jos.
SECURITYFor enhanced security and solvency
of our operations, we have put in place comprehensive Reinsurance arrange-ments handled by a first class Reinsur-ance Brokerage firm, the United African Insurance Brokers. (U.A.I.B).
Equity Assurance Plc
Dolapo BalogunGMD/CEO, Equity Assurance Plc
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ABOUT THE COMPANYAfrican Alliance Insurance Plc was
incorporated as a Private Limited Li-ability Company on May 6, 1960 and was the first indigenous insurance company to carry out the business of Life Assurance in Nigeria.
The company was originally set up in partnership with Munich Reinsur-ance Company of Germany, one of the largest reinsurance companies in the world. Munich–Re still provides technical support to the company on a need basis.
In 2005, African Alliance also became the first licensed Takaful (Is-lamic Insurance) Operator in Nigeria, a concept borne out of the desire to satisfy the needs of the muslim com-munity in Nigeria through a robust selection of Sharia’h compliant insur-ance and investment products based on the concepts of “Al-Mudarabah” and “Al-Tabarru.”
CURRENT MARKET PERFORMANCE
Following its’ successful recapi-talisation in 2007, African Alliance currently has a Shareholders’ Fund
of about N 4.93 billion, while the company’s Gross Premium Income and Asset Base currently stand at about N10.17 billion and N 22.93 billion respectively (figures as at 31st December 2014 unaudited). Simi-larly, the recent surge in the capital market also helped the insurance company get more income from investment which grew significantly by 318% to stand at N757.9 million as at December 2014 (unaudited) com-pared with N181.36 million in 2013.
The liquidity of the company’s balance sheet and profitability ratios indices have also improved.
MARKET COMPETENCIES/PRODUCT PORTFOLIOS
The core competencies of the company are a creative combination of Protection (Term Assurance and Group Life), Savings and Investment Products, which the insurance com-pany has established a solid reputa-tion for excellent customer service over the years.
Individual
• Children Education Plan
(CEP)• Alliance Group Educator
(AGE)• Esusu• BAG (Breadwinner Assets
Gift)• Key Man• Partnership Life Insurance
Scheme Investment • Income Investment Plan• Alliance Investment Plus• Money Appreciation Plan Takaful • Takaful (Family Plan)• Al-Istidad Plan (Family
Takaful Plan)• Al-Ilmu Plan (Takaful Educa-
tional Plan)• Al-Nasir Plan (Takaful Pen-
sion Plan)• Arafat Plan (Hajj Plan)• Naatijatu-Daynu Plan (Cred-
....the annuitants’ DELIGHT forold age financial independence
OUR ANNUITY PLANS
A dignified life
Paid for Life
...we are with you for life
Annuity
Products
That’s exactly what our Annuity Plans offer you.
When you purchase an Annuity from African Alliance Insurance, you
get a Guaranteed Income for as long as you live, your money is safe
from creditors and since there’s no limit to what goes in, you’ll also
enjoy tax relief on your funds
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OUR HISTORY Our over 54 years of insurance un-
derwriting has enabled us to master the business terrain and develop skills that give us edge in service delivery and total customers satisfaction.
Great Nigeria Insurance Plc is backed by adequately packaged reassurance treaty cover, providing us with a wide capacity to underwrite risks placed with us.
GNI Plc is managed by competent professionals.
We have over the years developed competences in all classes of insurance and financial products. All our products are designed to meet the uniqueness of our customers. We sell tailor made and be-spoken policies to meet diversi-ties of our customers’ needs.
Our product –Shelf consists of not only insurance but financial products at right prices.
VISION “To be the insurance Company of
choice for keeping promises to stake-holders”
MISSION “Giving you peace of mind by keep-
ing our promises’’
OUR SHARED VALUES Our business philosophy is encapsu-
lated in the following: Professionalism - We strive to up-
hold the basic principles and ethics of insurance business in our service deliv-ery
Passion for Customers - The interest of our customer is key; we creatively respond to their needs.
Team Spirit - We place premium on our peoples' involvement and team-work which remain the source of our strength
Precision - We are committed to per-fection, integrity and excellence
Empathy -We strive to ensure that our customers do not feel neglected by responding
swiftly. Innovation - We are continuously
reviewing our products and services in order to serve our customers better.
THE BOARD MR. TOKUNBO TALABI, B. Sc, MBA.
FCA, - Chairman, Board of Directors MR. BADE ALUKO B.Sc, MBA - Direc-
tor DAPO OTUNLA - Director MR. JAMES K. NAIYEJU M Sc. FCA,
FCTI, FCIArb - Director ARCH BISHOP ALABA JOB - Director MRS. FOLUSO O. ONABOWALE B.sc ,
FCA, MBA - Director MRS CECILIA OLAPEJU OSIPITAN
B.Sc, ACII, MPA, LLB – Managing Director / Chief Executive
This policy provides cover for loss or damage to your properties, e.g. office building, equipment, and other movable properties resulting from the perils of :-
a. Fire, Lightning, Bush fire, Explo-sion, Earthquake, Fire Aircraft, impact
(including your own vehicle).
B. Tornado, Flood, Windstorm, Hur-ricane, Busting and over flowing of tanks and apparatus.
c. Riot, Strike and Malicious Dam-age.
BURGLARY AND HOUSE BREAKING INSURANCE
This policy provides cover against loss or damage to your properties e.g. office building, equipment, and other movable properties, by theft following actual forcible and violent entry into or out of your premise or any attempt at such act.
MOTOR INSURANCE This policy provides cover for the
insured against loss or damage to the vehicle and or its accessories arising from:
1. Accidental collision or overturn-ing consequent upon mechanical breakdown or wear and tear.
2. Fire, External explosion, Self-igni-tion, Lightning etc.
3. Malicious act. 4. Third Party Liability. i. Death or bodily injuries: unlimited. ii. Third Party property damage:
TPPD limit of N1, 000,000.00 attract no premium.
*Note: We also install tracking devic-es free of charge on any vehicle worth N3 million and
above.
PUBLIC LIABILITY INSURANCE
This policy provides cover against legal liability for damages and claimant costs and expenses in respect of:-
1. Injury to third party. 2. Accidental damage to property
happening during any period of insur-ance in connection with the insured's business their liability for products.
MONEY INSURANCE This provides cover to the Insured
against:- 1 Loss of money belonging to the
Insured or the which the insured is re-sponsible as follows:
- While in transit - From any of the Insured premises
as a direct result of theft. - From a locked safe or strong room
at any of the Insured premises. 2 Loss or damage to safes, strong
rooms resulting from theft of money or any attempt at such Act.
WORKMEN'S COMPENSATION INSURANCE
This policy provides compensation to employees for death or bodily in-jury by accident or disease arising out of and in the course of employment as required under the Workmen's Com-pensation Decree 1987. This class of insurance is tariff rated.
BENEFIT PER EMPLOYEE 1. Death benefit: 42 months earn-
ings 2. Permanent Total Disability: 54
months earnings depending on per-centage of disability.
3. Temporary Total Disability: Week-ly Benefit subject to maximum of 104 weeks.
4. Medical Expenses: Unlimited but reasonable.
MARINE INSURANCE This insurance will avail you cover
for shipment of your goods and allied products from abroad to Lagos or any other port of destination in Nigeria.
PLANT ALL RISK INSURANCE
This policy provides indemnity for loss damage to plant on site and all other insured locations.
To give our quotation under this class of insurance, we require a com-prehensive list of your plants/engines and their models.
CONTRACTORS ALL RISKS INSURANCE
This is an all risk policy providing indemnity for loss of damage to con-struction work, loss or damage to con-struction equipments as well as Third Party Liability to the public at construc-tion or erection site.
The covers also extend to cover tem-porary building, equipments and mate-rials while in transit.
PROFESSIONAL INDEMNITY
This policy provides protection to the insured against his/her legal lia-bility resulting from negligent advice or service giving to clients, and is de-signed to safeguard the insured against claims made by clients for any resulting loss or damage to their reputation.
OIL&GAS/SPECIAL RISKS In oil and Gas, we provide compre-
hensive energy package that guaran-tees recovery in case of any ontoward operational/unforeseen incident.The package covers our insureds' proper-ties ranging from
rigs & pipes,operators extral expens-es,general liabilities,tankfarms and other onshore properties.
Others include: - Personal Accident policy - Goods-In-Transit Insurance - Aviation Insurance - Product Liability Insurance - Machinery Breakdown Insurance - Fidelity Guarantee Insurance - Performance Bond and Advance
Bond - Consequential Loss Insurance - Travel & Health Insurance
OUR CUSTOMISED PRODUCTS GNI FIREPROOF
This provides cover against fire inci-dent and collapse of building.The poli-cy provides cover
for content only.The benefits in-clude public liability(if fire spreads be-yond your house),medical expenses of the insured,rent relief and flood cover.
GNI MOTORFLEX It is a new form of motor insurance
with standardized cover and premium.It is designed to provide the insuring public the opportunity to buy motor comprehensive insurance cover at min-imal cost.
It is exclusively designed for private cars.
GNI PAI(PERSONAL ACCIDENT INSURANCE)
It provides cover for the insured in the event of any accident.It guarantees the payment of a fixed death benefit and certain amount on pemanent dis-ability .
Great Nigeria Insurance Plc
Cecilia OsipitanMD/CEO, Great Nigeria Insurance Plc
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HISTORY OF THE COMPANYNEM INSURANCE PLC started
insurance business in Nigeria in 1948 through the agency of Edward Turner & Co. It became a Nigerian branch of NEM General Insurance Association Limited of London in 1965. Incorporated in 1970 as a Nigerian company in compliance with the Companies Decree of 1968, the company became quoted on the Nigerian Stock Exchange in 1989 following the privatisation by the Federal Government of Nigeria. The company, which has contributed immensely towards the growth of Insurance Industry in Nigeria, was into Life and Non- Life business. Fol-lowing the recapitalisation exercise, the company merged with Vigilant Insurance Company Ltd to transact all classes of General Insurance.
The company has expanded its operations into the West African Sub region, with the successful registra-tion and commencement of business of its subsidiary, NEM INSURANCE (GHANA) LIMITED in May, 2009.
SHARE CAPITAL AS AT 31ST DECEMBER, 2013
Authorised share capital: N4.2 billion
Paid Up Capital N2.6 billion
Shareholders’ Fund N4.6 billion
MISSION STATEMENTTo build a customer satisfying in-
surance institution that is passionate about adding value to the interests of all stakeholders.
• ENGINEERING/CONTRAC-TORS ALL RISKS/ERECTION ALL RISKS
• WORKMEN’S COMPENSA-TION
• GROUP PERSONAL ACCI-DENT
• HOUSEHOLDERS/HOUSE-OWNERS INSURANCE
• COMPUTER/ELECTRONICS INSURANCE
• MONEY INSURANCE• GOODS-IN-TRANSIT INSUR-
ANCE• GUARANTEE POLICIES/
BONDS• OIL & GAS INSURANCE• TRAVEL INSURANCE• PROFESSIONAL INDEMNITY• RENT ASSURANCE• AVIATION INSURANCE
REINSURANCE TREATIESThe Company has Treaty Rein-
surance arrangements with Africa Reinsurance Corporation, Continental Reinsurance Company & WAICA Rein-surance Pool and Swiss Reinsurance Pool.
OFFICE LOCATIONSThe Principal Office of the compa-
ny is NEM House, 199 Ikorodu Road, Obanikoro, Lagos. We have branches in Abuja, Akure, Apapa, Calabar, Ibadan, Jos, Kaduna, Kano, Lagos Mainland, Onitsha, Osogbo, Port Har-court, Warri, and Agency Offices in Benin City, Enugu, Owerri and Zaria.
A subsidiary office is also located in Accra, Ghana.
BOARD OF DIRECTORS
CHIEF (DR) ADEWALE TELUWO - CHAIRMAN
MR. SESAN ADEKUNLE
MRS. OLAYINKA TITILOPE ALETOR
MR. FIDELIS AYEBAE
MR. TOPE SMART - B.Sc (HONS), ACII, MBA
GROUP MANAGING DIRECTOR/CHIEF EXECUTIVE OFFICER
. MRS. SUSAN ABISOLA GIWA-OSA-GIE – Dip(INS), LLM
DEPUTY MANAGING DIRECTOR (BUS. DEVELOPMENT)
The Company’s PhilosophyThe Philosophy of the Company is
centered on its Shareholders vision of making it a model of sound Insurance Practice for the Nation’s Insurance Industry and to participate actively in the economic development of the Country.
To achieve this noble vision, operations of the company has been innovated and characterised by:
• Prompt/efficient services to the public
• Prompt settlement of claims• Marketing programme
that will enable the public make an informed choice
• Innovative client relations programme
• Development of new prod-ucts to meet the changing needs of the
11. MR. JOSEPH U. ASALOR – B.Sc., MBA, ACIPM, MNIM, FCPA
ASSISTANT GENERAL MANAGER ( HUMAN RESOURCES]
12. MR. ADEYEMI MABA-YOJE MAYADENU – HND, ACIIN
ASSISTANT GENERAL MANAGER [ PORTHARCOURT]
13. MR. JAMES O. ON-ORIENBOHWO – HND, ACA, MBA
HEAD (INTERNAL AUDIT)
14. MRS. OMOLARA O. OYETUNDE – LL.B, BL, LL.M
COMPANY SECRETARY/LEGAL ADVISER
NEM Insurance PlcTope Smart
GMD/CEO, NEM Insurance Plc
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The CompanyNiger Insurance Plc, which has
its registered Head Office in Lagos, Nigeria, was established in August, 1962 as a Specialist Life Company under the name Yorkshire Insur-ance Company.
The public quoted Composite In-surance Company, presently oper-ates with an asset base in excess of N21 billion and a fully paid-up share capital of N2, 868,307,000.
The management team of the company is made up of well trained, experienced and competent profes-sionals with extensive management and technical skills.
The company is fully computer-ised with the most robust technolo-gy. The computer network is capa-ble of expansion and upgradeable to meet with present future needs in the volume of business.
The company has put in place sound reinsurance treaties with lo-cal and foreign first class Reinsur-ance Companies.
These comprehensive securities ensure financial stability and exude confidence in its services to both present and prospective customers.
As a composite Insurance Compa-ny, Niger Insurance Plc transacts all classes of Insurance business and offers a wide range of innovative and customer-oriented products and services to its growing clien-tele.
At Niger Insurance Plc, we are very flexible in our product devel-opment because we realize that no two customers are exactly the same.
Moreover, we back our products with one of the most efficient and constantly improving claims settle-ment procedures in the insurance market
The above qualities, among oth-ers, have no doubt enhanced the company's impressive customer pa-tronage, efficiency, financial stabili-ty and consistent profitability track record over the years.
To become the insurance compa-ny of first choice in Nigeria noted for Transparency, Efficiency and Capacity in providing total financial solutions through un-matched staff productivity and exceptional cus-tomer service orientation...
MISSION STATEMENTTo be a customer-oriented pro-
vider of superior insurance ser-vices, using well motivated Employ-ees and Technology in a conducive working environment, thereby creating long term value for Share-holders through sustained returns on investment.
