Mutual Benefits resilience strengthens position for growth in 2024

Underwriting firm Mutual Benefits Assurance Plc said its resilience to overcome economic challenges and business hurdles in 2023 has strengthened its position for stronger growth in 2024.

Akin Ogunbiyi, chairman, Mutual Benefits Assurance Plc made the remark at the company 28th Annual Thanksgiving held in Lagos.

“Last year, 2023, was indeed pivotal in the history of our dear organisation, Mutual Benefits Assurance Plc. With the help of the Almighty GOD, we scaled over formidable hurdles; and mighty obstacles”

Ogunbiyi said God who epitomizes ultimate power helped the company to rebounded, and today is healthier and better. “I want to assure you that we have indeed started this year, 2024, on the impressive note of tremendous progress and rejuvenated energy.”

“I am glad to report that when our resilience was tested, the purpose of this great organisation, defined us. Faith in GOD kept us. Hope and reliance on dedicated and committed team members gave us confidence. Your love, solidarity and cooperation indeed, gave us courage, inspired and energized us.”

“Whenever I reflect on 2023, I am filled with pride in Mutual Benefits’ ingenuity and ability to effectively solve problems and take smart decisions. We are change makers and always ready to blast through glass ceilings to inspire, empower and connect with our customers in order to deliver highly beneficial values.”

Ogunbiyi said unlike most companies, Mutual Benefits always go the extra mile for our customers. We are very mindful of the high inflation in our economy and its effects on the lives and livelihood of our dear customers.

“It is a fact that consumers are indeed feeling the pinch but Mutual Benefits will always make sure they have value for the purchases of our highly beneficial insurance services and allied products.”

“Customers should know that we provide value options at different premium levels to enable you choose the most appealing and affordable. For instance, for vehicle insurance, we have different premium levels for the third party, the third party-plus and of course, the comprehensive insurance policy. We have differentiating offerings in each category and therefore fix premiums that will resonate with each segment.

He assured that Mutual Benefits’ customers are very important partners and so, from time to time, we even absorb some costs on packages with appreciable discounted anchor prices.

“This company will continue to leverage what we do best. That is, transforming brilliant ideas to beneficial values for our highly esteemed customers, employees and other stakeholders. We are a group of companies with an unyielding drive for excellence which is sustained through creativity and transformational innovation.”

I want to assure our partners and other stakeholders, that no matter how uncertain and challenging the economic situation maybe, Mutual Benefits will remain stable, strong and prosperous.

“We are irrevocably committed to further deepening insurance penetration and we will (with every sense of responsibility) deliver beneficial wealth creating values to doorsteps in Nigeria, Liberia, Niger Republic and beyond.”