Special Report by BusinessJournalNG

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Special Report

Vol. 001. 06

Monday May 25 - 31, 2015

Tunisia 2015 42nd AIO Conference and General Assembly

The Leading Insurance Companies in Nigeria

Fola Daniel

Commissioner for Insurance, Federal Republic of Nigeria

Mrs. Lamia Ben Mahmoud

President of the Local Committee Chairman of the Tunisian Reinsurance Company “TUNIS RE”

Prisca Soares

General Secretary AIO

The Tunisian Federation of Insurance Companies “FTUSA” and Tunisian Reinsurance Company “TUNIS RE” are honored to host the 42nd AIO Conference and General Assembly from 24th to 27th May in Gammarth, Tunisia. The conference will be organised under the auspices of the African Insurance Organisation “AIO.” This conference presents a good opportunity for a valuable exchange of ideas and experiences in order to support business exchange between the different partners of our industry. On behalf of all members of the Organising Committee, we would like to welcome you to Gammarth. Wishing you a pleasant stay in Tunisia!

Mrs. Lamia Ben Mahmoud

President of the Local Committee Chairman of the Tunisian Reinsurance Company “TUNIS RE”

Business Journal May 25 - 31, 2015

Special Report

Equity Assurance Plc • OUR MISSION - WHAT WE SET OUT TO ACHIEVE To establish an insurance company that will be a reference point in terms of customer satisfaction, new product development and excellent claims services in the Nigerian insurance industry. We hope to achieve this by putting together a highly motivated workforce and state-of-the-art office technology, and undertaking regular market research. In all these, we are committed to integrity and good business ethics. • THE COMPANY - E. A. EQUITY ASSURANCE PLC (The Company/”EA”) was incorporated on 13th December, 1984 with registration number RC. 65443 and was licensed by the then office of the Director of Insurance to underwrite all classes of general business. E. A., operates with a recently increased authorised share capital of N7 billion and shareholders fund of about N5.1 billion. Gross premium income has grown tremendously from N863 million in 2004 to N3.2 billion in 2011. E.A. is a corporate member of the West African Insurance Company Association (WAICA), Nigerian- South African Chamber of Commerce and the Nigeria Insurers’ Association (NIA), the official umbrella of registered insurance companies in Nigeria, as well as The Africa Insurance Organisation (AIO). Equity Assurance in its three decades of existence has grown from a non-life insurance Service Provider to a Financial Services Group with diversified interests in Healthcare Management and Hospitality Services. The company also has presence in Ghana and Liberia. This has enhanced its corporate position and further reinforces the vision of being a leading Insurance Group in Africa. Incorporated in 1984, Equity Assurance is the merger of Equity Indemnity Insurance Limited and First Assurance Plc. The company has built a legacy of trust and a tradition of excellence in its three decades of existence. Equity Assurance leverages on its wealth of experience and strong networks to build a company that values innovation, technology and its people. This has translated into sustainable growth for the company over the years. Listed on the Nigerian Stock Exchange, Equity Assurance now records premium income in billions.

The strength and credibility of an insurer is tested by its response to claims. This has formed part of its strategic thrust over the years. Prompt claims settlement and excellent service delivery will continue to be on the front burner of the company’s value chain. Equity Assurance remains committed to delivering on its brand promise of rewarding trust. Our Strategy: Equity Assurance Plc’s strategy is based on the principle of derivation: knowing the needs of the customer and providing tailor-made solutions to meet and exceed those needs. The strategy is hinged on service, people and cutting edge technology.Equity Assurance boasts of a wide branch network in Nigeria and Ghana.This enhances insurance penetration, thus taking insurance from the urban to remote parts of Africa. The same will be replicated in the Liberia subsidiary and others in the pipeline. The company has continued to make strategic investments in research and development (R&D), training and deploying latest, relevant technology to its advantage. The result of this is a wide range of distribution and e-commerce channels. The company’s investment in cutting-edge technology helps to improve its internal processes and distribution networks making its products more accessible and available on-the-go. Future Outlook: Equity Assurance Plc aims to continually explore opportunities in strategic partnerships while expanding its spread across the African continent. Built on sound management principles, the focus of the company’s activities is to seek continuous improvement in business processes, risk management, service delivery and customer experience. As the parent company for its subsidiaries and more to come, Equity Assurance will continually strive to build a company that will leverage on its rich heritage and propel the entire Group into new pedestals of excellence. • OUR PRODUCTS SERVICES

AND

We provide the following Insurance Services: ance

Fire and Special Peril Insur-

Consequential Loss Insurance Burglary Insurance Householder’s Insurance Cash in Transit Insurance Goods in Transit Insurance Public Liability Insurance Products Liability Insurance Fidelity Guarantee Insurance Aviation Insurance Oil & Energy Insurance Medical Expense/Evacuations Insurance (SOS) Personal Liability Insurance Personal Accident (Group & Individual) Insurance. Workmen Compensation Insurance Plant All Risk Insurance Marine Insurance Contractor’s All Risk Insurance All Risk Insurance Performance/Bid/Advance Payment Bond Welfare Funds Medical Evacuation Insurance e.t.c. In addition to the above general lines of insurance products, our business development strategy of envisaging our clients’ insurance needs and developing tailor-made insurance products led us to develop the following innovative products for some identified market niches: • AN EQUITY ENHANCED MOTOR POLICY that provides extra benefits such as replacement Cars for Accident vehicles, Garage Services, Increased Medical Expense Cover, etc in addition to the normal motor comprehensive insurance cover. • A BLANKET ENGINEERING PACKAGE POLICY arranged in conjunction with one of our international re-insurers, Swiss-Re to cover the entire risk exposures of engineering companies. It is a very flexible package policy that provides adequate cover for special equipment and special types of vehicles. • A BANKERS’ MARINE OPEN COVER POLICY that provides banks with a standby Marine Insurance cover for their customers’ imported goods for which Letters of Credit are opened. • AN EQUITY MASTER LEASING POLICY to take care of the interest of both the lessor and the lessee.

Dolapo Balogun

GMD/CEO, Equity Assurance Plc

• A MORTGAGE PACKAGE POLICY to protect the interest of both the mortgagee and the mortgagor. • THE SOS INTERNATIONAL MEDICAL ASSISTANCE PROGRAMME Provides insurance cover for illness necessitating emergency medical treatment abroad. Members are entitled to immediate evacuation and subsequent medical attention from the country of incident to any hospital in the world where the member can be treated. • THE MATURED DRIVERS MOTOR POLICY is a special motor policy packaged for individual policyholders and their spouses. Special features include 50% discount at inception and the policy is excess free. • THE INDUSTRIAL ALL RISK POLICY is a combination of various industrial risks in a single package. it includes Fire, Consequential Loss, Burglary, Machinery Breakdown and Computer Insurance. This is a special package for large industrial organisations. WHY YOU SHOULD INSURE WITH Equity Assurance Plc Our Strong Points: • STRONG CAPITAL BASE: - Our high capitalisation guarantees prompt settlement of your claims when the unexpected happens. • ADEQUATE RE-INSURANCE SUPPORT: The greater underwriting flexibility made possible by our local and international reinsurance facilities, permits us to give our clients more comprehensive insurance covers. • PROMPT CLAIMS SETTLEMENT: - We release our Claims Discharge Voucher within one week of claims documentation and settlement cheque within one week of receipt of duly signed Discharged Voucher. • HUMAN RESOURCES: - Our team of qualified and highly motivated employees assists in the growth of our clients operations by regularly monitoring their insurance programmes, providing efficient and advisory role that

helps in the identification and control of our clients’ insurance needs. OPERATIONAL STRUCTURE: Our unique UNIT SYSTEM which involves the division of the company into operational units where each unit is composed of Underwriters, Marketers and claims personnel ensures that our services delivery is achieved with maximum convenience for our clients. Each client or broker in each of the units is allocated an ACCOUNT EXECUTIVE who is responsible for the co-ordination of all the clients/brokers’ dealings with our company viz-a-viz: - giving premium quotations, preparation of insurance certificates and policy documents, and delivery of same; claims processing and settlement, etc. • OPERATIONAL SYSTEM: - Full computerisation of our operations enables us to give quality services to our clients in the most efficient manner • INNOVATIVE PRODUCTS: - Tailor-made to meet clients’ specific needs. • EXPERIENCE: - Our dealings with major companies who are key players in their various sectors of the economy put us in a vantage position to offer useful advice on our clients’ overall risk management portfolio. NATIONWIDE BRANCH NETWORK: - You can report your claims and undertake policy renewals in any of our branches located in Lagos, Ibadan, Port-Harcourt, Warri, Kano, Kaduna, Abuja, Ilorin, Onitsha, Ikeja, Akure, Abeokuta, Calabar, Ijebu-Ode, & Jos. SECURITY For enhanced security and solvency of our operations, we have put in place comprehensive Reinsurance arrangements handled by a first class Reinsurance Brokerage firm, the United African Insurance Brokers. (U.A.I.B).

Business Journal May 25 - 31, 2015

Special Report

Business Journal May 25 - 31, 2015

...we are with you for life

ABOUT THE COMPANY African Alliance Insurance Plc was incorporated as a Private Limited Liability Company on May 6, 1960 and was the first indigenous insurance company to carry out the business of Life Assurance in Nigeria. The company was originally set up in partnership with Munich Reinsurance Company of Germany, one of the largest reinsurance companies in the world. Munich–Re still provides technical support to the company on a need basis. In 2005, African Alliance also became the first licensed Takaful (Islamic Insurance) Operator in Nigeria, a concept borne out of the desire to satisfy the needs of the muslim community in Nigeria through a robust selection of Sharia’h compliant insurance and investment products based on the concepts of “Al-Mudarabah” and “Al-Tabarru.” CURRENT MARKET PERFORMANCE Following its’ successful recapitalisation in 2007, African Alliance currently has a Shareholders’ Fund

Special Report

African Alliance Insurance Plc of about N 4.93 billion, while the company’s Gross Premium Income and Asset Base currently stand at about N10.17 billion and N 22.93 billion respectively (figures as at 31st December 2014 unaudited). Similarly, the recent surge in the capital market also helped the insurance company get more income from investment which grew significantly by 318% to stand at N757.9 million as at December 2014 (unaudited) compared with N181.36 million in 2013. The liquidity of the company’s balance sheet and profitability ratios indices have also improved.

• • • • • • • • • •

MARKET COMPETENCIES/ PRODUCT PORTFOLIOS The core competencies of the company are a creative combination of Protection (Term Assurance and Group Life), Savings and Investment Products, which the insurance company has established a solid reputation for excellent customer service over the years.

•

Individual

•

Children Education Plan

• • • • •

(CEP) Alliance Group Educator (AGE) Esusu BAG (Breadwinner Assets Gift) Key Man Partnership Life Insurance Scheme Investment Income Investment Plan Alliance Investment Plus Money Appreciation Plan Takaful Takaful (Family Plan) Al-Istidad Plan (Family Takaful Plan) Al-Ilmu Plan (Takaful Educational Plan) Al-Nasir Plan (Takaful Pension Plan) Arafat Plan (Hajj Plan) Naatijatu-Daynu Plan (Credit Protection Plan) Takaful Group Education Plan Baytu Surur Plan (Takaful Mortgage Plan) Mudarabah Investment Plan

Alphonse Okpor

MD/CEO, African Alliance Insurance Plc

Business Journal May 25 - 31, 2015

Special Report

Paid for Life

That’s exactly what our Annuity Plans offer you. When you purchase an Annuity from African Alliance Insurance, you get a Guaranteed Income for as long as you live, your money is safe from creditors and since there’s no limit to what goes in, you’ll also enjoy tax relief on your funds

OUR ANNUITY PLANS ....the annuitants’ DELIGHT for old age financial independence A dignified life For further information: Call: 08066309476, 08066325672 07032294082, 0700AFRICALLIANCE info@africanallianceplc.com

Annuity Products ...we are with you for life

www.africanallianceplc.com

Business Journal May 25 - 31, 2015

Special Report

Great Nigeria Insurance Plc OUR HISTORY Our over 54 years of insurance underwriting has enabled us to master the business terrain and develop skills that give us edge in service delivery and total customers satisfaction. Great Nigeria Insurance Plc is backed by adequately packaged reassurance treaty cover, providing us with a wide capacity to underwrite risks placed with us. GNI Plc is managed by competent professionals. We have over the years developed competences in all classes of insurance and financial products. All our products are designed to meet the uniqueness of our customers. We sell tailor made and be-spoken policies to meet diversities of our customers’ needs. Our product –Shelf consists of not only insurance but financial products at right prices.

for shipment of your goods and allied products from abroad to Lagos or any other port of destination in Nigeria. PLANT ALL RISK INSURANCE This policy provides indemnity for loss damage to plant on site and all other insured locations. To give our quotation under this class of insurance, we require a comprehensive list of your plants/engines and their models. CONTRACTORS ALL RISKS INSURANCE This is an all risk policy providing indemnity for loss of damage to construction work, loss or damage to construction equipments as well as Third Party Liability to the public at construction or erection site. The covers also extend to cover temporary building, equipments and materials while in transit.

VISION “To be the insurance Company of choice for keeping promises to stakeholders”

PROFESSIONAL INDEMNITY This policy provides protection to the insured against his/her legal liability resulting from negligent advice or service giving to clients, and is designed to safeguard the insured against claims made by clients for any resulting loss or damage to their reputation.

MISSION “Giving you peace of mind by keeping our promises’’ OUR SHARED VALUES Our business philosophy is encapsulated in the following: Professionalism - We strive to uphold the basic principles and ethics of insurance business in our service delivery Passion for Customers - The interest of our customer is key; we creatively respond to their needs. Team Spirit - We place premium on our peoples' involvement and teamwork which remain the source of our strength Precision - We are committed to perfection, integrity and excellence Empathy -We strive to ensure that our customers do not feel neglected by responding swiftly. Innovation - We are continuously reviewing our products and services in order to serve our customers better. THE BOARD MR. TOKUNBO TALABI, B. Sc, MBA. FCA, - Chairman, Board of Directors MR. BADE ALUKO B.Sc, MBA - Director DAPO OTUNLA - Director MR. JAMES K. NAIYEJU M Sc. FCA, FCTI, FCIArb - Director ARCH BISHOP ALABA JOB - Director MRS. FOLUSO O. ONABOWALE B.sc , FCA, MBA - Director MRS CECILIA OLAPEJU OSIPITAN B.Sc, ACII, MPA, LLB – Managing Director / Chief Executive Officer MRS. ROSELYNE ULAETO, HND, ACII, ADIIM – Executive Director MANAGEMENT MRS CECILIA OLAPEJU OSIPITAN, B.Sc, ACII, MPA, LLB - Managing Director / Chief Executive Officer. MRS. ROSELYNE ULAETO, HND, ACII, ADIIM - Executive Director, Business Development Group ADEDIGBA MICHAEL, HND, FCA, FCTI, AMNIM, MBA - Chief Financial Officer TOYIN FRANCIS ALONGE, B. Sc, MBA, ACII -Asst. General Manager, Marketing

Cecilia Osipitan

MD/CEO, Great Nigeria Insurance Plc FASASI KASEEM, B.SC - Assistant General Manager ICT IBITADE ADEWARA (MRS.) B. Sc, FCA, ACIIN - Asst. General Manager, Audit & Internal Control OLATUNDE TALABI B.A, MBA, ACIIN - Controller Branch Co-ordination TUNDE LAWANSON BA, MPIA, Arpa, - Controller, Brand Management & Research ADEYINKA MAYOWA, HND, ANIMN Controller [Northern Region] TUNJI ODUTUNWASE, B Sc, ACA SENIOR MANAGER [Finance] SAMUEL AGOH, B. Sc, ACII - Senior Manager, Technical [Direct Marketing Group Life] TUNDE JIMOH, M Sc, MBA SENIOR MANAGER [Life Agency Marketing] OGUNMEKAN OLUWAKEMI HND Senior Manager [Marketing] BOSE IBESANMI, HND, MBA, MNIM. - Senior Manager, [Marketing] ABIOLA MOSURO [MRS.] LL.B, B.L, LLM - Senior Manager/Company Secretary ABIMBOLA SALVADOR ADEBAYO HND, MBA, ANIM –Senior Manager [Underwriting & Risk Management]

GENERAL INSURANCE BUSINESS FIRE AND SPECIAL PERILS INSURANCE This policy provides cover for loss or damage to your properties, e.g. office building, equipment, and other movable properties resulting from the perils of :a. Fire, Lightning, Bush fire, Explosion, Earthquake, Fire Aircraft, impact (including your own vehicle).

B. Tornado, Flood, Windstorm, Hurricane, Busting and over flowing of tanks and apparatus. c. Riot, Strike and Malicious Damage. BURGLARY AND HOUSE BREAKING INSURANCE This policy provides cover against loss or damage to your properties e.g. office building, equipment, and other movable properties, by theft following actual forcible and violent entry into or out of your premise or any attempt at such act. MOTOR INSURANCE This policy provides cover for the insured against loss or damage to the vehicle and or its accessories arising from: 1. Accidental collision or overturning consequent upon mechanical breakdown or wear and tear. 2. Fire, External explosion, Self-ignition, Lightning etc. 3. Malicious act. 4. Third Party Liability. i. Death or bodily injuries: unlimited. ii. Third Party property damage: TPPD limit of N1, 000,000.00 attract no premium. *Note: We also install tracking devices free of charge on any vehicle worth N3 million and above. PUBLIC LIABILITY INSURANCE This policy provides cover against legal liability for damages and claimant costs and expenses in respect of:1. Injury to third party. 2. Accidental damage to property

happening during any period of insurance in connection with the insured's business their liability for products. MONEY INSURANCE This provides cover to the Insured against:1 Loss of money belonging to the Insured or the which the insured is responsible as follows: - While in transit - From any of the Insured premises as a direct result of theft. - From a locked safe or strong room at any of the Insured premises. 2 Loss or damage to safes, strong rooms resulting from theft of money or any attempt at such Act. WORKMEN'S COMPENSATION INSURANCE This policy provides compensation to employees for death or bodily injury by accident or disease arising out of and in the course of employment as required under the Workmen's Compensation Decree 1987. This class of insurance is tariff rated. BENEFIT PER EMPLOYEE 1. Death benefit: 42 months earnings 2. Permanent Total Disability: 54 months earnings depending on percentage of disability. 3. Temporary Total Disability: Weekly Benefit subject to maximum of 104 weeks. 4. Medical Expenses: Unlimited but reasonable. MARINE INSURANCE This insurance will avail you cover

OIL&GAS/SPECIAL RISKS In oil and Gas, we provide comprehensive energy package that guarantees recovery in case of any ontoward operational/unforeseen incident.The package covers our insureds' properties ranging from rigs & pipes,operators extral expenses,general liabilities,tankfarms and other onshore properties. Others include: - Personal Accident policy - Goods-In-Transit Insurance - Aviation Insurance - Product Liability Insurance - Machinery Breakdown Insurance - Fidelity Guarantee Insurance - Performance Bond and Advance Bond - Consequential Loss Insurance - Travel & Health Insurance OUR CUSTOMISED PRODUCTS GNI FIREPROOF This provides cover against fire incident and collapse of building.The policy provides cover for content only.The benefits include public liability(if fire spreads beyond your house),medical expenses of the insured,rent relief and flood cover. GNI MOTORFLEX It is a new form of motor insurance with standardized cover and premium. It is designed to provide the insuring public the opportunity to buy motor comprehensive insurance cover at minimal cost. It is exclusively designed for private cars. GNI PAI(PERSONAL ACCIDENT INSURANCE) It provides cover for the insured in the event of any accident.It guarantees the payment of a fixed death benefit and certain amount on pemanent disability .

Business Journal May 25 - 31, 2015

Special Report

NEM Insurance Plc

Tope Smart

GMD/CEO, NEM Insurance Plc HISTORY OF THE COMPANY NEM INSURANCE PLC started insurance business in Nigeria in 1948 through the agency of Edward Turner & Co. It became a Nigerian branch of NEM General Insurance Association Limited of London in 1965. Incorporated in 1970 as a Nigerian company in compliance with the Companies Decree of 1968, the company became quoted on the Nigerian Stock Exchange in 1989 following the privatisation by the Federal Government of Nigeria. The company, which has contributed immensely towards the growth of Insurance Industry in Nigeria, was into Life and Non- Life business. Following the recapitalisation exercise, the company merged with Vigilant Insurance Company Ltd to transact all classes of General Insurance. The company has expanded its operations into the West African Sub region, with the successful registration and commencement of business of its subsidiary, NEM INSURANCE (GHANA) LIMITED in May, 2009. SHARE CAPITAL AS AT 31ST DECEMBER, 2013 Authorised share capital: N4.2 billion Paid Up Capital N2.6 billion Shareholders’ Fund N4.6 billion MISSION STATEMENT To build a customer satisfying insurance institution that is passionate about adding value to the interests of all stakeholders. CORPORATE CORE VALUES • HUMILITY • INTERGRITY • DISCIPLINE • EXCELLENCE • EMPATHY • COURAGE CLASSES OF INSURANCE AVAILABLE NEM Insurance Plc was licensed to transact all classes of General Insurance viz.: • MOTOR VEHICLE INSURANCE • BURGLARY AND HOUSEBREAKING INSURANCE • FIRE & SPECIAL PERILS INSURANCE • CONSEQUENTIAL LOSS • MARINE INSURANCE

• ENGINEERING/CONTRACTORS ALL RISKS/ERECTION ALL RISKS • WORKMEN’S COMPENSATION • GROUP PERSONAL ACCIDENT • HOUSEHOLDERS/HOUSEOWNERS INSURANCE • COMPUTER/ELECTRONICS INSURANCE • MONEY INSURANCE • GOODS-IN-TRANSIT INSURANCE • GUARANTEE POLICIES/ BONDS • OIL & GAS INSURANCE • TRAVEL INSURANCE • PROFESSIONAL INDEMNITY • RENT ASSURANCE • AVIATION INSURANCE

EXECUTIVE DIRECTOR (OPERATIONS) 4. STELLA O. OMORARO (MISS) - HND, MBA, FCA GENERAL MANAGER (FINANCE & ICT) 5. MR. ANDREW M. IKEKHUA – HND, PGD (MGT), PGD (COMM. ADMIN) AMNIM, FCEN GENERAL MANAGER [ MARKETING] 6. MR. LASUNKANMI JOSEPH ADELEKE - HND, ACIIN DEPUTY GENERAL MANAGER (UNDERWRITING) 7. MR. SUNNY J. ADEBAYO – B. Sc., ACIIN DEPUTY GENERAL MANAGER (REINSURANCE & CLAIMS)

REINSURANCE TREATIES The Company has Treaty Reinsurance arrangements with Africa Reinsurance Corporation, Continental Reinsurance Company & WAICA Reinsurance Pool and Swiss Reinsurance Pool.

8. MR. MOMOH ABDURRAHAMAN ODAMAH - B.ED, ACIIN DEPUTY GENERAL MANAGER (BOSA)

OFFICE LOCATIONS The Principal Office of the company is NEM House, 199 Ikorodu Road, Obanikoro, Lagos. We have branches in Abuja, Akure, Apapa, Calabar, Ibadan, Jos, Kaduna, Kano, Lagos Mainland, Onitsha, Osogbo, Port Harcourt, Warri, and Agency Offices in Benin City, Enugu, Owerri and Zaria. A subsidiary office is also located in Accra, Ghana.

9. MRS. MOJISOLA TELUWO – HND; ACIPM, MNIM, FCE DEPUTY GENERAL MANAGER (CORPORATE SERVICES) 10. MR. IDOWU OLAITAN SEMOWO – B.Sc, MBA, FCA, ACIB, ACS DEPUTY GENERAL MANAGER (INVESTMENT & RISK MGT)

BOARD OF DIRECTORS CHIEF (DR) ADEWALE TELUWO CHAIRMAN MR. SESAN ADEKUNLE MRS. OLAYINKA TITILOPE ALETOR MR. FIDELIS AYEBAE MR. TOPE SMART - B.Sc (HONS), ACII, MBA GROUP MANAGING DIRECTOR/ CHIEF EXECUTIVE OFFICER . MRS. SUSAN ABISOLA GIWA-OSAGIE – Dip(INS), LLM DEPUTY MANAGING DIRECTOR (BUS. DEVELOPMENT)

The Company’s Philosophy The Philosophy of the Company is centered on its Shareholders vision of making it a model of sound Insurance Practice for the Nation’s Insurance Industry and to participate actively in the economic development of the Country. To achieve this noble vision, operations of the company has been innovated and characterised by: • Prompt/efficient services to the public • Prompt settlement of claims • Marketing programme that will enable the public make an informed choice • Innovative client relations programme

• Development of new products to meet the changing needs of the insuring public.

The Management 1. MR. TOPE SMART - B.Sc (HONS), ACII, MBA GROUP MANAGING DIRECTOR/CHIEF EXECUTIVE OFFICER 2. MRS. SUSAN ABISOLA GIWA-OSAGIE – LLB, LLM DEPUITY MANAGING DIRECTOR 3. MR. ALANI OLOJEDE HND, ACII, MMP

11. MR. JOSEPH U. ASALOR – B.Sc., MBA, ACIPM, MNIM, FCPA ASSISTANT GENERAL MANAGER ( HUMAN RESOURCES]

12. MR. ADEYEMI MABAYOJE MAYADENU – HND, ACIIN ASSISTANT GENERAL MANAGER [ PORTHARCOURT] 13. MR. JAMES O. ONORIENBOHWO – HND, ACA, MBA HEAD (INTERNAL AUDIT) 14. MRS. OMOLARA O. OYETUNDE – LL.B, BL, LL.M COMPANY SECRETARY/ LEGAL ADVISER

Business Journal May 25 - 31, 2015

Special Report

Niger Insurance Plc The Company Niger Insurance Plc, which has its registered Head Office in Lagos, Nigeria, was established in August, 1962 as a Specialist Life Company under the name Yorkshire Insurance Company. The public quoted Composite Insurance Company, presently operates with an asset base in excess of N21 billion and a fully paid-up share capital of N2, 868,307,000. The management team of the company is made up of well trained, experienced and competent professionals with extensive management and technical skills. The company is fully computerised with the most robust technology. The computer network is capable of expansion and upgradeable to meet with present future needs in the volume of business. The company has put in place sound reinsurance treaties with local and foreign first class Reinsurance Companies. These comprehensive securities ensure financial stability and exude confidence in its services to both present and prospective customers. As a composite Insurance Company, Niger Insurance Plc transacts all classes of Insurance business and offers a wide range of innovative and customer-oriented products and services to its growing clientele. At Niger Insurance Plc, we are very flexible in our product development because we realize that no two customers are exactly the same. Moreover, we back our products with one of the most efficient and constantly improving claims settlement procedures in the insurance market The above qualities, among others, have no doubt enhanced the company's impressive customer patronage, efficiency, financial stability and consistent profitability track record over the years. The Board: Alhaji Bala Zakariya'u - Chairman Mr. Dauda Kolapo Adedeji - Managing Director/CEO Alhaji I.R. Hassan - Executive Director Mr F.S. Ugwuja - Executive Director Mr. Osa Osunde - Director Alhaji I.O Sulaimon - Director Mr. F.N Udechukwu - Director Yusuf Hamisu Abubakar, - Director Mr. J.C Uranta - Director Secretary: Taiwo A. Otuneye Reinsurers: African Reinsurance Corporation

Swiss Reinsurance Co. Ltd. CICA Reinsurance Co. Ltd Continental Reinsurance Co. Ltd. WAICA Reinsurance Co. Ltd. (Sierra Leone) Nigeria Reinsurance Corporation REGISTRAR: NIC Securities &Trust Limited 61 Marina, Lagos Our Vision & Mission OUR VISION To become the insurance company of first choice in Nigeria noted for Transparency, Efficiency and Capacity in providing total financial solutions through un-matched staff productivity and exceptional customer service orientation... MISSION STATEMENT To be a customer-oriented provider of superior insurance services, using well motivated Employees and Technology in a conducive working environment, thereby creating long term value for Shareholders through sustained returns on investment. CORE VALUES N - Networking I - Integrity G - Globalness E - Empowerment R - Reliability

Kola Adedeji

MD/CEO, Niger Insurance Plc

Business Journal May 25 - 31, 2015

Life without

fears! Experience the feel of the infant world, a world where you live free and feel safe, a world where youâ&#x20AC;&#x2122;re not anxious about the future, a world where your heart is at rest. With a GOLDLINK cover the experience is real!

NIA A Member of Nigerian Insurers Association

Corporate Headquarters: Goldlink Plaza, 6, Emmanuel Street, Maryland, Lagos. Branches: Lagos Island. Opic Plaza-Ikeja. Lekki. Apapa. Abeokuta. Abuja. Akure. Ibadan. Kaduna. Kano. Port-Harcourt. Benin. Warri. Ilorin. Eket. Yenegoa. Hotline: 0700GOLDLINK - 0700 4653 5465; E-mail: info@goldlinkplc.com

www.goldlinkplc.com

Business Journal May 24 - 31, 2015

Business Journal May 25 - 31, 2015