From left: Head Business Development, Kate Ogunsanwo, Executive Vice-Chairman/Chief Executive Officer, IBN, Prosper Okpue and Director of Energy, Power & Special Risks, Tunde Olowude at the company’s new identity briefing in Lagos.
Insurance Brokers of Nigeria Limited (IBN) Press Briefing
PROTOCOLS:
GOOD MORNING
Gentlemen of the press.
We thank you for honoring our invitation at this time of the year as we take stock of first half of 2017 activities.
It gives me great pleasure to share our moment of joy with you once again as an institution in the insurance sub sector of the economy.
Ours is a great journey of commitment, resilience and foresight towards improving everything associated with insurance in our country and at the international stage.
IBN’s Next 62 Years is firmly fixed in the future.
Insurance Brokers of Nigeria Limited (IBN) is Nigeria’s premier insurance broking and risk advisory firm established in 1955 as C. T. Bowring & Company (Incorporated Insurance Brokers).
The IBN Story
IBN pioneered insurance broking in Nigeria in 1955 and has remained in the forefront of providing innovating collaborative solutions to various strategic sectors of Nigerian economy. Our industry specialty services range from Personal and Private Wealth Management to Commerce and Heavy Industries.
IBN is Nigeria’s pioneer incorporated insurance broking firm established in 1955, to a fully integrated risk management and insurance broking firm and ranks top amongst the most respected broking firms in the country. We leverage on our historical experience of Nigeria and our deep understanding of its business dynamics helps our clients make the right decisions for their businesses.
From left: Head Legal Services, Insurance Brokers of Nigeria, Gani Aboro, Head Business Development, Kate Ogunsanwo, Executive Vice-Chairman/Chief Executive Officer, IBN, Prosper Okpue, Director, Energy, Power & Special Risks, Tunde Olowude and Deputy General Counsel, Brian Nwaokolo at the company’s new identity briefing in Lagos.
What We Do
IBN analyses, designs and properly maintains an integrated risk management approach that helps reduce or eliminate potential adverse effects of loss exposures confronting a client. Our core advantage derives from the following integrated services:
A. IBN Specialty Insurance Broking Services: Our industry specialty focuses on Commerce and Industry, Energy (Oil, Gas and Natural Resources), Power and Infrastructure, Construction, Communications, Marine, Aviation & Aerospace, Financial Services, Government and Statutory Corporations, Educational Services, Personal and Private Wealth Insurance.
B. Wholesale Reinsurance Services: IBN’s wholesale reinsurance division works with local insurers/reinsurers and international reinsurance brokers to unbundle risks and create facilities that protect Nigerian reassured, in support of Nigeria’s local content and insurance regulations of a non-admitted market, which requires effective and innovative solutions to create reinsurance market capacity behind primary insurance carriers who must be offered risks domiciled in Nigeria
C. Industrial Risks Protection Consultants (IRPC): IRPC, the first of its kind in Nigeria, is our professional risk engineering, loss prevention and risk management consulting subsidiary fully dedicated to conservation of property, continuity of business and safety of lives.
D. Resource Benefits Associates (RBA): Our human capital and benefits specialists provide consulting services on employees’ health and benefits, compensation and employee retirement plans, executive compensation and undertake the design of appropriate benefits schemes beyond statutory plans that help attract, motivate and retain employees.
Our strength is our unparalleled local knowledge with global experience and commitment to deliver specialty services as your invaluable partner in providing seamless support to meeting your risk and insurance management objectives.
Market Leverage: IBN is an eminent insurance broker with an enviable reputation for professionalism and leverage in the industry. IBN deploys in excess of N10billion into the Nigerian insurance market. This leverage ensures that we have access to the key decision makers of all insurance companies to negotiate the best deal for our clients whether on programme pricing, robust cover or claims settlement.
International Insurance Market Access: We have a complete grasp of the local and global markets which enables us to develop the maximum possible competition for your business and therefore drive down pricing.
UNiBA Partnership: We are partners of UNiBA, a leading global network of independent insurance and reinsurance brokers in more than 100 countries in the world, each of whom supports each other to bring the best quality service to members’ clients in their domicile countries.
IBN New Brand Identity:
The evolution of Nigeria presents great opportunities for every patriotic individual and visionary enterprise. IBN has continuously positioned itself to creating the best advantage as partners to its clients with the singular objective to keep them successful in their enterprises.
We have been here for over 62 years. Our new brand identity is a resurgence of our commitment to our clients that we are here for another 62 years as a truly independent company focused on helping our clients venture boldly with confidence and maximize opportunities created from their enterprises.
Our new IBN brand identity is a demonstration of our resolve to continue to serve our clients, with our knowledge of the past, the present and our ability to bring the future today.
Thank You for your time
Prosper C. Okpue
Executive Vice Chairman
Insurance Brokers of Nigeria Ltd
