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Investment and Allied Assurance targets market dominance
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Following the rising competition in the financial industry especially after the consolidation exercise in the Insurance sector, Investment and Allied Assurance, formerly Milverton Insurance appears poised to emerge as leaders of the Insurance sector through an improved and superior technology.
Olusegun Akinyemi, managing director and chief executive officer of the company disclosed this yesterday at the floor of the Nigerian Stock Exchange during the Listing of the company by introduction of N28, 000,000,000 units of ordinary shares of 50k each at N1.30k per share.
“Our strategy emphasises on technology which will enable our business as we will acquire and innovatively use technology to support our customer interactions and manage customer relationships, create unique customer insights and translate our understanding of customers needs to products and services, deliver efficient customer service, operate efficiently to minimize costs, effectively manage and control our business” Akinyemi said.
With the outlook of the Nigerian Insurance, its prospects and the success of the increase in capitalization and an unprecedented capacity in the industry, the management of Investment and Allied Assurance are optimistic that the emerging growth in the sector will lead to greater improvement in the economy even as the company was recently recertified by National Insurance Commission (NAICOM)2 to underwrite General Insurance after meeting the new industry licensing requirements with authorized.
Olusegun Akinyemi, managing director and chief executive officer of the company disclosed this yesterday at the floor of the Nigerian Stock Exchange during the Listing of the company by introduction of N28, 000,000,000 units of ordinary shares of 50k each at N1.30k per share.
“Our strategy emphasises on technology which will enable our business as we will acquire and innovatively use technology to support our customer interactions and manage customer relationships, create unique customer insights and translate our understanding of customers needs to products and services, deliver efficient customer service, operate efficiently to minimize costs, effectively manage and control our business” Akinyemi said.
With the outlook of the Nigerian Insurance, its prospects and the success of the increase in capitalization and an unprecedented capacity in the industry, the management of Investment and Allied Assurance are optimistic that the emerging growth in the sector will lead to greater improvement in the economy even as the company was recently recertified by National Insurance Commission (NAICOM)2 to underwrite General Insurance after meeting the new industry licensing requirements with authorized.
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