Saham Unitrust Insurance pushes for greater share of market
Underwriting firm, Saham Unitrust Insurance Company Limited has announced plans to reposition the company to enable it play leading role in the nation’s insurance industry.
The company, which recently strengthened its tie with insurance brokers, said it was leavening its cocoon to play bigger role and contribute more to national economy.
Formerly Unitrust, the company recently changed to Saham Unitrust Nigeria Limited after the investment of Saham Finances in the company.
John Ijerheme, managing director of the company said during the June Members Evening of the Nigerian Council of Registered Insurance Brokers hosted by the company that the new management of Saham Unitrust is poised to re-position the firm to enable it play a leading role in the industry.
Ijerheme represented by Yetunde Adenuga, said in the last two years a lot of structures have been put in place to strengthen our internal processes with focus on service delivery to our customers.
On the steps to achieving this he said “we take claims payment as a key priority, we assure our customers that claims are paid promptly and we will continue to put a smile on the faces of our customers through prompt payment of claims and efficient service delivery.”
He also noted that the company has strengthened the strategic department through the appointment of competent executives to manage the sensitive portfolios.
On the 2016 financial accounts, he said the company was awaiting approval from the National Insurance Commission, stating that it recorded a quantum leap of over 40 percent growth in premium income and paid out N318,016,878.00 in claims as at May 31, 2017 when compared with same period in 2016 when N315,973,103 was paid.
While calling on the brokers to support the company, he said the management of Saham Unitrust will continue to put in its best to ensure that it delivers at all times beyond your expectations and ensure that a cordial mutual relationship is maintained between the company and members of NCRIB.
Meanwhile, speaking on passage of the 2017 budget, Emmanuel Okonoren, president of the NCRIB said that the expenditure should be closely monitored to ensure they are diligently prosecuted.
“It is our hope that the insurance industry would also take advantage of this expenditure to canvass for insurance of those assets as obtainable in other climes.”
Okonoren therefore appealed to the Federal Government to always ensure early preparation of national budgets so as to forestall the mistakes of the past.
“It is disheartening to note that a budget of twelve months calendar got the ascent of the Federal Government for implementation at the half of the same year. I want to appeal to our Government to always put into consideration the plight of the common man in the street and make constant efforts in removing all critical bottlenecks and bureaucratic restraints to prompt signing of budget into law.”
Modestus Anaesoronye