This was disclosed to Members during the evening meeting of
the Nigerian Council of Registered Insurance Brokers, South-South Area
Committee, held in Port Harcourt recently hosted by African Alliance Insurance.
Joyce Ojemudia, the firm’s Managing Director/Chief Executive
Officer, while addressing the body of brokers in the region said, “the
self-service policy platform is customized for all brokers to buy end-to-end
from the comfort of their offices.
This is one of the ways we are embedding technology in our
business just so we can achieve seamless service delivery and customer
satisfaction while speeding up the underwriting process.”
She also reiterated the company’s quest to achieve a minimum
of 50% growth in its market share by the end of the year.
“Progress is what we are all about and as the figures show,
we are making loads of progress. In the same period, we paid N3.12bn in claims,
a 29% increase from the N2.43b we paid same period last year while our Gross
Premium Income rose from N1.8b to N3.2B, representing a 66% increase year on
year.
These figures are the reasons we have embarked on an
aggressive market expansion campaign with a view to consolidating our all-round
progress across board.
“Earlier in her remarks, she thanked the body of brokers for
their unstinting support whilst seeking for better relationship and a most
mutually beneficial strategic business engagement,
“we thank everyone here present who has partnered with us
and aided our progress month by month, quarter by quarter. We do not take this
for granted,” she added.
In his welcome address, Joseph Olaniyan, the Chairman of the
NCRIB South South Area Committee, commended the management of African Alliance
Insurance for the giant strides they have made especially in the last one year.
“We at the South South Area Committee have felt and
experienced a major turnaround in African Alliance and I can assure you today,
personally and as a group, that we will do more business with African Alliance
Insurance in the coming days because for us, we want to do business with the
firm that can assure us of their unwavering quality service delivery at all
times.”
Incorporated in 1960 to transact life businesses in Nigeria,
African Alliance Insurance PLC has grown in leaps and bounds providing succour
for individuals and aiding businesses across the country for over six decades.
Recently, the firm deepened its retail footprints with the
opening of two new branches in Abeokuta and Akure in a bid to drive its market
expansion strategy whilst bringing insurance closer to the people of the
ancient cities.