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Chuks Udo Okonta
Consolidated Hallmark Insurance Plc said it is floating a microinsurance company to take advantage of the volume of sales accruable from low-income class.
The underwriting firm stated in its 2016 annual report that the microinsurance – CHI Microinsurance Limited is at the formative stage.
Managing Director Consolidated Hallmark Insurance Plc, Eddie Efekoha, said the company has finalised plans to revamp its agency unit to enable it position appropriately for microinsurance and take advantage of the volume of sales accruable from the low-income class.
He noted that prompt and quality service delivery model will be designed to ensure that all customers are left with long lasting impression.
He said the company is currently undergoing a digital transformation exercise which will enable it position itself strategically and to also align with its strategic objectives, stressing that the efforts would help the company deliver exceptional returns to shareholders, be profitable and increase its market share, and that this is part of a comprehensive five years strategic plan currently being implemented.