Yemisi Izuora
NSIA insurance says its flourishing financial performance is flowing from well packaged innovations and budget products that suits current economic realities.
Thus despite the economic headwinds the insurance firm continues to drive growth by deepening its market performance according to its Managing Director and Chief Executive Officer, MD/CEO,Moruf Apampa.
Apampa, while reviewing the company’s performance for the year, said: “We remain adaptable and responsive to the unfolding trends, modifying our plans and operations in a manner that would ensure that we achieved our strategic objectives. Despite a number of economic development obstacles in 2022, we made exceptional success across key metrics and major lines during the financial year.”
“In 2022, we paid claims to the tune of N8.81bn as against N6.72bn paid in 2021 which represents a year-on-year growth of 31 per cent.
Our relentless commitment to our valued consumers cannot be overemphasized. We will remain focused on delivering financial stability for our customers, and as always, we will not rest on our successes in exceeding our customers’ and stakeholders’ expectations,” Moruf concluded.
Dr. Adesegun Akin-Olugbade, the company’s chairperson, commented on the company’s performance and future outcomes, saying, “We are pleased with our 2022 results. We appreciate our shareholders’ confidence in our capacity to continue to grow the business. We will continue to guarantee that the current growth trajectory is maintained in the 2023 financial year. While we expect a healthier economy, we will implement a strategy to maximize the inherent potential in the economy.”
NSIA Insurance Limited is a leading composite insurance company driven by integrity, care, innovation, and professionalism.
The head office is in Lagos, with a strong regional presence in Abuja and an extensive network in strategic states across the country. NSIA Insurance offers a wide range of insurance services at competitive rates to meet the changing financial, investment, and lifestyle needs of its corporate, commercial, and individual customers.
NSIA Insurance Limited is a subsidiary of Groupe NSIA Holding Companies, an internationally recognized company currently operating in Africa including Cameroon, Congo, Gabon Benin, Cote d’Ivoire, Ghana, Guinea, Guinea Bissau, Mali, Nigeria, Togo, and Senegal.