By LOVETH AZODO, Lagos
The MD/CEO of Universal Insurance Plc, Ben Ujuatuonu has called on members of the Nigerian Council of Registered Insurance Brokers (NCRIB) and its customers to maximise the benefits of its digital application and portal.
Ujuatuonu urged brokers to make use of its portal and digital application which is compliant to web aggregators guidelines during his address at the April Edition of NCRIB Members Evening sponsored by Universal Insurance Tuesday in Lagos.
According to him, Brokers and customers can access the company’s products, lodge claims at the comfort of their home or office.
He explained that the application enables any digitally Compliant Company to easily have a handshake with the company’s software to either buy, sell Insurance or lodge claims. “All our retail line products are sold and bought digitally,” he added.
“We are one of the very few digitally Compliant Companies in the market. We have portals that are available to our customers and brokers to access our products, lodge claims all at the comfort of their home or office, he said.
On Recapitalization, he revealed that Universal Insurance Plc has been trading with capital in far excess of the current N3b.
“With the introduction of the new capital regime, we need just a little margin to meet the required level of N10b. The Company is finalizing arrangements with major shareholders to meet the new capital through rights issue.”
“Our key strategy to grow our business for this year is to expand our market. In pursuit of this strategy, we are opening up more branches in Uyo, Apapa, and Kano. We have also expanded our marketing units within the Head office.
Furthermore, He explain that the company’s focus and deliberate effort in developing the retail business led to new products like Okada pass, shop insurer, drivers pass, Keke pass, parcel guard, Uni-group cover, Uni-personal cover, local travel Insurance, School fees protection plan, kiddies personal accident Insurance among others.
In his optimism, he assured that the company with the approval to transact Micro-Insurance, many more new products that will address the Insurance needs of the public will be unveiled shortly.
Web Aggregators: Universal Insurance Woos Brokers With Portal Compliant To Guidelines
The MD/CEO of Universal Insurance Plc, Ben Ujuatuonu has called on members of the Nigerian Council of Registered Insurance Brokers (NCRIB) and its customers to maximise the benefits of its web aggregators compliant application.
Ujuatuonu urged brokers to make use of its portal and digital application during his address at the April Edition of NCRIB Members Evening sponsored by Universal Insurance Tuesday in Lagos.
According to him, Brokers and customers can access the company’s products, lodge claims at the comfort of their home or office.
He explained that the application enables any digitally Compliant Company to easily have a handshake with the company’s software to either buy, sell Insurance or lodge claims. “All our retail line products are sold and bought digitally,” he added.
“We are one of the very few digitally Compliant Companies in the market. We have portals that are available to our customers and brokers to access our products, lodge claims all at the comfort of their home or office, he said.
On Recapitalization, he revealed that Universal Insurance Plc has been trading with capital in far excess of the current N3b.
“With the introduction of the new capital regime, we need just a little margin to meet the required level of N10b. The Company is finalizing arrangements with major shareholders to meet the new capital through rights issue.”
“Our key strategy to grow our business for this year is to expand our market. In pursuit of this strategy, we are opening up more branches in Uyo, Apapa, and Kano. We have also expanded our marketing units within the Head office.
Furthermore, He explain that the company’s focus and deliberate effort in developing the retail business led to new products like Okada pass, shop insurer, drivers pass, Keke pass, parcel guard, Uni-group cover, Uni-personal cover, local travel Insurance, School fees protection plan, kiddies personal accident Insurance among others.
In his optimism, he assured that the company with the approval to transact Micro-Insurance, many more new products that will address the Insurance needs of the public will be unveiled shortly.
