Allianz Nigeria, local operating entity of global insurance giant, Allianz, has announced its provision of a self-service insurance portal that allows users to book short-term marine insurance covers.
The Nigeria fast-moving consumer goods industry continues to be imports-intensive because of the need to ship in essential items necessary for local manufacturing.
These imports are not only capital intensive but are also associated with significant risks such as theft, damage (either by fire or water) and loss in transit.
Frequent importation requires frequent insurance covers which take up administrative time for quotes, rates and insurance certificates either directly from the clients or insurance brokers.
“Here at Allianz Nigeria, we have developed an online application, a ‘Marine Portal’, designed to enable business people service their marine insurance needs by reducing administrative turnaround time in generating quotes, sending emails, issuing insurance certificates, and so on,” explained Taiwo Tella-Ndukwe, B2B sales director at Allianz Nigeria.
“It also caters to business interruption by allowing the opportunity to work on weekends and public holidays. Then there is the cost savings element for both parties by obviating the need for use of stationery items such as papers, stamps, and the like,” Taiwo added.
The marine portal saves executive time by freeing members of staff to attend to less routine tasks, allowing clients and brokers achieve a quicker turnaround time during their business transactions. The margin for human error is also significantly reduced.
The Allianz Group is one of the world’s leading insurers and asset managers with more than 92 million retail and corporate customers. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from Property, Life and Health insurance to Assistance services to Credit insurance and Global Business insurance.
Allianz is one of the world’s largest investors, managing around 673 billion euros on behalf of its insurance customers – while their asset managers PIMCO and Allianz Global Investors – manage an additional 1.4 trillion euros of third-party assets.
Thanks to a systematic integration of ecological and social criteria in their business processes and investment decisions, the Allianz Group holds the leading position for insurers in the Dow Jones Sustainability Index. In 2018, over 142,000 employees in more than 70 countries achieved total revenues of 131 billion euros and an operating profit of 11.5 billion euros for the Group.
Modestus Anaesoronye
