• Thursday, May 23, 2024
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Mansard gets recognition on quality risk management, others


The year is ending on a bright note for one of Nigeria’s leading underwriting firms, Mansard Insurance plc, as the company added two outstanding awards to its growing list of 2014 awards and recognitions in just one week. The company emerged the first place overall winner in Insurance and Pensions category at the 2014 Nigerian Risk Awards, which held recently in Lagos.

Also, Omokayode Oluwole of the Enterprise Risk Management Unit of Mansard emerged the first runner up for the Risk Manager of the Year award. The Nigerian Risk Awards organised by Conrad Clark Nigeria Limited in collaboration with BusinessDay and UK Institute of Risk Management is dedicated to rewarding organisations and individuals who have achieved results through the effective implementation of enterprise risk management principles.

Winners of the Nigerian Risk Awards were chosen by a panel of 18 high calibre judges from Risk Management Consultants background in the UK, USA, Cyprus, Germany and Nigeria.

Initiatives deployed by the company, which were key to its emergence as the first place overall winner in Insurance and Pensions category, include, reinforcement of risk culture and awareness and building of capacity through communication and training, both local and overseas.

READ ALSO: AXA Mansard Celebrates Customer Service Week

Also at the fourth edition of Marketing World Awards, which held on November 7, 2014, in Lagos, it was adjudged Insurance Brand of the year.

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The Marketing World Awards is an annual event organised by Instinct Wave Group to reward, recognise and celebrate companies with outstanding marketing initiatives.

In the same vein, the Nigerian Stock Exchange has recognised Mansard Insurance as one of the companies quoted on the exchange with outstanding corporate governance performance endorsed and recognised among seven other pilot companies. This was disclosed by the NSE when it recently announced its newly introduced Corporate Governance Rating System (CGRS).

The regulator further disclosed that this was now mandatory for all quoted companies as the CGRS was designed to rate companies listed on the Exchange based on their corporate governance and anti-corruption culture, thereby improving the overall perception of and trust in Nigeria’s capital markets and business practices.

Mansard Insurance was incorporated in 1989, as a private limited liability company and is registered as a composite company with the National Insurance Commission of Nigeria (NAICOM). The company offers life and non-life insurance products and services to individuals and institutions across Nigeria, while also offering investment management and health maintenance solutions through its two subsidiaries, Mansard Investments Limited and Mansard Health Limited, respectively. The company also recently received NAICOM’s approval for micro insurance operations.

The company was listed on the Nigeria Stock Exchange in November 2009, and has market capitalisation in excess of N29 billion, remaining the biggest insurance company on the Nigerian Stock Exchange.

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