Management of Industrial and General Insurance (IGI) plc would be announcing a new growth direction when it meets insurance brokers, the intermediary arm of the insurance business at its first Members Evening Meeting for 2015 slated for Tuesday next week in Lagos.
Expectedly, that would rest the “desire to know” that has agitated the mind of analysts and investors on the new plan of the company since the passing on of its founder, first managing director, Oluremi Olowude, who passed on September 2014.
The IGI team would be led to the event by Rotimi Fashola, its managing director, a chartered insurer of over two decades and consummate insurance practitioner, expected to intimate brokers with the new policy direction of the company, among other issues.
It will be an opportunity for IGI to extend frontiers of its operations and break new grounds in its relationship with insurance brokers. Venue is the Nigerian Council of Registered Insurance Brokers (NCRIB) secretariat.
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The hosting of insurance brokers under the aegis of the NCRIB by IGI would be quite symbolic, given the fact that it would be the first edition of the Council’s members evening in 2015 and will be playing host to over 500 brokers within Lagos and its environ.
The event would be a win-win event for both IGI and the brokers as it would facilitate harmonious relationship between both. It is a known fact that insurance brokers constitute a crucial chain in the insurance industry in Nigeria given the enormous clientele controlled by them, said Dele Ayeleso, media manager, NCRIB.
IGI Insurance, without any doubt, is one of the leading insurance companies in Nigeria and the largest underwriter in West Africa. Insurance remains the flagship of the IGI Group, which has shareholders’ funds in excess of N31 billion and assets base in excess of N45 billion, with subsidiaries and strategic investments in other diverse sectors, notably: Real estate, banking, telecommunications, mining, construction, waste management and engineering.
IGI was incorporated as a limited liability company on October 31, 1991, and commenced operations in January 1992, bringing with it a fresh breath of dynamism and innovation into the Nigerian insurance industry.
It operates in 45 branches spread across Nigeria and has subsidiaries in other African countries, notably Uganda, Rwanda, Ghana, and the Gambia, with representative offices in London and Washington, DC.
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