• Saturday, April 13, 2024
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BusinessDay

Niger Insurance targets N16 billion premium in 2013

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Underwriting firm, Niger Insurance plc is targeting a premium income of N16 billion in 2013, with clear cut strategies that look up for the company, its Managing Director, Kola Adedeji has said.

Adedeji who was recently appointed the managing diurector/CEO of the company noted it was reengaging the market and strengthening partnership with brokers, informing that it has put strategies in place to achieve this target to the delight of her stakeholders

“Our advantage is that we have a transition plan that ensures continuity, given that who takes over as the CEO anytime will be a person that is familiar with the system, so is easy to run immediately” our focus is to run an efficiently organisation that will be more responsive, create value for customers and shareholders alike.

Having already revamped its Information and Communication Technology (ICT) processes, he stated that the business model of Niger Insurance is now being driven by ICT to ensure that the organisation continue to render excellent services to its customers.

In order to continue improving on the fortunes of the company in the market, Adedeji further informed that the insurance outfit recently sought the approval of the regulatory authority, National Insurance Commission (NAICOM) for a life annuity product and that the approval has been granted.

Besides, he said the company is working on other traditional products to meet the needs of the insuring public so that more members of the populace can be buying insurance products voluntarily.

In appreciation of the fact that the insurance outfit is primarily in business to meet the needs and satisfy the aspirations of its esteemed policyholders, Adedeji said the company is determined not only to meet the expectations of customers, but to also surpass such expectations.

The management of Niger Insurance is constantly strategising on how to render improved services to its teeming customers.

While constantly embarking on restructuring exercise to ensure that the customers get qualitative services from the insurance firm at all times, he said the insurance outfit will always ensure that the shareholders keep getting better returns on their investment.

Niger Insurance plc was initially established as Yorkshire Insurance Company Limited in 1962. It is now a fully privatised Composite Insurance Company quoted on the floor of Nigerian Stock Exchange.