SUNU Assurance to explore retail market to enhance stakeholders’ value vanguardngr.com vanguardnews
In a chat with journalists in Lagos, the Managing Director, Mr. Samuel Ogbodu, said: “We want to take advantage of Nigeria’s population to boost our market share in the industry and thus enhance the value of our stakeholders. We would boost insurance penetration in the country by exploring the retail market to bring insurance services to 180 million Nigerians in all the nooks and crannies.
He said the company had experienced a remarkable turnaround since the acquisition of the former Equity Assurance Plc by SUNU Assurance Group in 2016. He added that the insurance company had been transformed from a struggling one on the brink of bankruptcy to a viable insurance company in Nigeria, with a growing reputation for professionalism and prompt claims payment.Ogbodu stated: “We would leverage on SUNU Group’s expansive retail knowledge and expertise to drive retail insurance in Nigeria and build long-term growth.
In its own comment, the Executive Director, Strategy and Performance, SUNU Assurance, Karim Dione, gave the assurance that the new core investor had long-term strategic interest in Nigeria, as there was vast untapped potential.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nigeria, India to enhance bilateral relations - Vanguard News NigeriaThe Federal Government says it will continue to partner with the Indian Government to enhance the existing bilateral relationship between the two countries.
Read more »
Benue guber re-run: Tiv leaders, IPAC urge youths, stakeholders to eschew violence - Vanguard News NigeriaMdzough U Tiv, an umbrella body of Tiv tribe in Benue State and parts of the country and Inter-Party Advisory Council, IPAC, have appealed to political parties and stakeholders in the state to eschew violence in tomorrow’s rescheduled governorship election in the state.
Read more »
NIMASA, stakeholders seek end to cabotage waivers - Vanguard News NigeriaIN a bid to actualise full implementation of the Cabotage Act, Nigerian Maritime Administration and Safety Agency (NIMASA) and key players in the maritime industry have set a plan to end Cabotage waivers for non-indigenous ship owners within the next five years.
Read more »
Oil Palm: Stakeholders to receive single-digit interest loans - Emefiele - Vanguard News NigeriaThe Central Bank of Nigeria (CBN), yesterday, extended its real-sector interventions to the oil palm value chain, pledging a single-digit interest loans to players in that sector in order to stimulate massive production of the commodity.
Read more »
Stakeholders decry high level forgery in international trade documents - Vanguard News NigeriaPARTICIPANTS at the just concluded Borderless Alliance workshop on dissemination and launch of Economic Community of West African States, ECOWAS, held in Lagos have indicated that there is a high level of forgery in international trade documents.
Read more »
Stakeholders demand probe of Okorocha in ‘Imo Salvation Charter’ submitted to Ihedioha - Vanguard News NigeriaFive socio-political organisations under the umbrella of Imo Salvation Forum (ISF) said they have submitted a comprehensive document known as Imo Salvation Charter to the state’s Governor-elect, Rt. Hon. Emeka Ihedioha which contains some of the major demands of Imo people from his administration in the next four years.
Read more »
#NLNGTrain7: NLNG, stakeholders sign Train 7 content plan (VIDEO) - Vanguard News NigeriaThe Nigeria Liquefied Natural Gas (NLNG) and Nigerian Content Development and Monitoring Board (NCDMB) have signed off the commencement of Train 7...
Read more »
Stakeholders kick against Juveniles, adults cohabiting in Prisons | The Guardian Nigeria News - Nigeria and World NewsRather than allowing juveniles to cohabit with adults as inmates in prisons, government has been asked to establish reform homes for juveniles found wanting by courts. Participants at a stakeholders’ meeting organised by Cleen Foundation with support from MacAurthur Foundation and its partners in Anambra, said the reform homes, if established, would go a long …
Read more »
Nigeria is the first market in Africa – AXA - Vanguard News NigeriaIn Axa, we love competition; we believe in the free market economy and competition. We like the challenge as there are some markets that we are leaders and some market that we have challenges and we love to challenge the leaders
Read more »