Anchor Insurance Agents contributes 10% of premium

Anchor Insurance Limited’s effort in the last two years to take advantage of the mass market through personal-line insurance products using agency system has started yielding positive results, as the firms agency network contribution to total premium reaches 10 percent.

The Managing Director/CEO , Mayowa Adeduro, disclosed this at the company’s Staff and Agents performance Award/New Year Welcome party held in Lagos,

Adeduro said the role of agents in distribution of  insurance is significant to overall premium, adding that when an agent is doing over N200 million to the income of a company it become an important agent.

According to him, the Company will leverage on population of Nigeria and technology to reach out to the mass market across country, adding that insurance is the closest thing that have been designed to reduce social vises in any nationHe further said that insurance enables families to pay school fees, get good health services, live a proper life and achieve all the basic social amenities of life.