Universal Insurance unveils Shop Insurance Product, partners T.A. Braithwaite

Universal Insurance said developing the product became necessary considering the fact that most shop owners do not embrace insurance and need to protect their goods and properties against Fire & Special Perils.

Underwriting firm, Universal Insurance Plc has launched its first ever Shop Insurance Retail product in conjunction with T.A. Braithwaite Insurance Brokers.

The relationship according to the company is aimed at opening more avenues for the sale of its fire & Special perils products.

The Company said developing the product became necessary considering the fact that most shop owners do not embrace insurance and need to protect their goods and properties against Fire & Special Perils.

In his speech at the occasion, Benedict Ujoatuonu, managing director of Universal Insurance Plc promised prompt payment in line with the Company’s tradition and urged shop owners to take advantage of benefits provided by the unique product.

In his remarks, Akintunde Aturu, managing director of T.A. Braithwaite Insurance Brokers, thanked Universal Insurance for the opportunity to partner with the Company and also expressed his belief that shop owners stand to benefit a lot from the Shop Insurance product.

Modestus Anaesoronye

Modestus Anaesoronye is a leading Nigerian financial journalist with over two decades of experience reporting on the insurance and pension sectors across Nigeria and West Africa. He has held key editorial positions at major national media outlets, including The Comet, The Nation, and Financial Standard, and currently serves as a Senior Financial Analyst at BusinessDay Media Ltd. A widely travelled reporter, he has covered industry developments in more than 14 countries across Africa and Asia. Anaesoronye is a multiple award-winning journalist, honoured several times as Insurance Journalist of the Year and Pension Journalist of the Year by recognised industry bodies, including PensionScope and the Pension Fund Operators Association of Nigeria (PenOp), among others.