• Saturday, June 15, 2024
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Law union & rock insurance Positions for market competition

Law union & rock insurance Positions for market competition

Determined to remain competitive in the evolving insurance industry, Law Union & Rock Insurance plc has reviewed its business strategy, systems and processes in order to meet the immediate and long term goals of the company.

The Company is looking into the future and therefore positioning the company to survive expected headwinds and create value for its shareholders and numerous clients.
Jide Orimolade, managing director/CEO of the Company said “our customer-centric strategy is to ensure long term growth through policyholder satisfaction and prompt response to changing market needs.

According to him, the company would continue to deepen research and innovation to bring value into the business, stating focus in the New Year would be in product innovation and customer service.

Read also: Law Union & Rock Insurance Q3 PBT up 215% to N664m

Law Union & Rock recently received a BBB+ (NG) rating on Claims Paying Ability (CPA) by Global Credit Rating Co, a South African based credit rating Bureau.

This development Orimolade said forms the policy of the company’s services. “Prompt claims payment to our customers remains our topmost priority. Our simplified claims settlement process and prompt service delivery made this rating by GCR possible and this has really encouraged us to do even better,” Orimolade noted.

Law Union & Rock plc is a major underwriter of Motor, Fire, Oil & Gas, Marine and other classes of insurance in Nigeria and has been solidly on ground for over 63 years. The company is also known for financial stability, underwriting expertise and experienced Management Team.