Yemisi Izuora
Old Mutual plc a United Kingdom-based investment, savings, insurance and banking company, with vast business interest in Nigeria has reassured of its commitment to prompt claim settlement.
The company said claim settlement is key to its mission and core value which is to be customers’ most trusted partner as it desires to be responsible in all its daily decisions and actions.
Speaking at the Nigerian Council of Registered Insurance Brokers (NCRIB) ‘Members Evening’ today in Lagos,Mr. Zomunoda Chizura, Regional Chief Executive Officer (CEO) Old Mutual West Africa said the company is committed to being a responsible business entity in each of the markets in where it operate.
Chizura said the company operates through a five pillars application of responsible business, through its corporate values and interaction with stakeholders.
He named the pillars to include, ‘Responsible to our customers, Responsible investment, Responsible to our employees, Responsible to our communities,Responsible environmental management’.
Chizura stated that the Company’s segments include , Emerging markets, Old Mutual Wealth, Property & Casualty, Nedbank and US Asset Management adding that he Company generates revenues from four primary business activities.
‘These are life assurance (premium income), asset management business (fee and commission income), banking (banking interest receivable) and general insurance (premium income). The Emerging Markets and Old Mutual Wealth segments generate revenues from life assurance and asset management activities.
The Property & Casualty segment generates revenues from general insurance. The Nedbank segment generates revenues from banking and asset management and the US Asset Management segments generates income from asset management. The Company’s key brands include Oldmutual, Nedbank, Oldmutual Wealth, Mutual & Federal’ Chizura disclosed.
Earlier, the president of NCRIB, Ayodapo Shoderu eulogized the marketing strategy of the company, saying that within the short time it entered into the country it has created significant awareness that very soon it will become a household name.
Shoderu, reiterated the commitment of the Council to ensure growth of insurance by promoting professionalsim and cooperating with other stakeholders.