General Insurance
Also called Property and Casualty insurance, General Insurance is sold to individuals or corporations and provides cover for events that could cause financial loss to their assets (property damage) or a third party (liability). Typical policies include Motor Insurance, Commercial Property owners, Home insurance, Employers' liability and Public liability.
Employee Benefit
Life insurance pays a specified sum upon death of an insured person. Health Insurance covers the cost of an individual's medical expenses. Group Life in Nigeria is a mandatory coverage for companies with more than 5 employees. The benefit is usually 3 times total annual emoluments.
Complex Risks
Complex risks are a generic term to describe typical or large risk with specific underwriting requirements. Examples include satellite orbit insurance, oil and gas operations, large infrastructure companies, industrial companies, power generation companies, construction firms and Engineering.
Risk Analytics
Combining technical proficiency with practical business knowledge, our risk analytics offers the expertise needed to make risk-informed decisions, optimize economic and regulatory capital, and achieve regulatory compliance. We have developed easy-to-use actuarial and financial models using transparent and credible data to enable clients to make insightful decisions.
Claims Management
We provide continued administration and claim recovery services. In the event of a claim, our dedicated claims team guides and assists clients through the entire recovery process from loss notification to financial settlement. The claims team can also intervene with insurers in case issues arise during the loss survey and adjustment process. Using our online corporate platform, clients are able to monitor the status of all their claims at any moment. We believe that the test of any insurance programme is in prosecuting claims to the satisfactory conclusion of our numerous clients. We achieve this objective by providing our services through innovation and enhanced technology backed by our skilled and trained employees all over the Federation.
