Unitrust Restates Commitment To Sustainable Growth, Partners NCRIB
L-R: Vice President, NCRIB, Tunde Oguntade; Deputy President, Rotimi Edu; President, Dr. (Mrs.) Bola Onigbogi; Executive Director, Technical, Unitrust Insurance Company, Mrs. Yetunde Adenuga; Chief Marketing Officer, Dele Oyetunji and Chief Financial Officer, Segun Adeoye at the event.
Unitrust Insurance Company Limited has restated its commitment to sustainable growth through effective and efficient service delivery driven by technology aimed at guaranteeing value addition to all her clients including members of the Nigerian Council of Registered Insurance Brokers (NCRIB).
The Managing Director and Chief Executive Officer of Unitrust, Mr John Ijerheime made the disclosure while addressing members of the Nigerian Council of Registered Insurance Brokers (NCRIB) during the September edition of the NCRIB Members’ Evening sponsored by Unitrust Insurance In Lagos.
Ijerheime, who was represented by the firms Executive Director, Technical, Mrs Yetunde Adenuga, said the firm has built a culture of not only customer centric, but workable relationships that aim at achieving value additions “to our Brokers.”
He said, Unitrust recognised the importance role of brokers in the industry which, according to him, informed the firms resolve to partner NCRIB and solicited the support of the Brokers.
“We are aware of the tasks ahead of us and we are putting strategies in place to ensure that we achieve our goals and delight our Brokers and customers.
“Our strategic focus continues to lean on sustainable growth while improving on our delivery channels through digital adoption especially our E-insurance channels which harbors Motor, Marine and Travel Insurance.
“Learning from the past, we have taken deliberate steps to improve risk management framework and Corporate Governance….
“The management of Unitrust will continue to put in our best to ensure that we always deliver beyond your expectations and ensure that a cordial mutual relationship is maintained between us and members of NCRIB,” Unitrust Insurance MD said.
On the company’s performance in year 2020, he noted that despite challenges of the COVID-19, the firm closed the year with a Gross Premium Written (GPW) of N3.98 billion, representing a year-on-year growth rate of 13 per cent when compared to the corresponding period of 2019.
He maintained that the firm’s Profit After Tax (PAT) for the year stood at N747.172 million against recorded in 2019 and that in the same vein, the company’s underwriting profit improved significantly as the total of N802.194 million achieved from N 301.759 million reported in the 2019 financial year.
He added that the firm settled claims to the tune of N1.08 billion within the period under review.
Mr Ijerheime stated that Unitrust in August clocked 35 as a sound, strong and fully capitalised company, with impressive financials and good claims history which he said positioned the firm to stand tall among its peers.
