From left: Chief Operating Officer, Sakeenat Bakare; Chief Executive, Anselem Igbo; Head, Business Development, Ibiyemi Mezu; and Head, Technical Operations, Wale Bello; all of Stanbic IBTC Insurance Brokers Limited, at the event.
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Chuks Udo Okonta
Stanbic IBTC Insurance Brokers Limited has pledged to deepen insurance penetration through aggressive retail business operations.
Its Chief Executive, Anselem Igbo, disclosed this today at a media parley in Lagos. He stressed that the firm which was recently incorporated to carry out insurance broking business, would explore retail business which is presently neglected by most broking firms, leveraging the robust network of the Stanbic IBTC Group; Information and Communication Technology (ICT); good capitilisation and liquidity; stable and experience management; strong risk management policies; strong corporate governance amongst others.
He maintained that the company’s projection is to be among the top five insurance broking firms in the next ten years, adding that this will be achieved through good working relationship with underwriters to ensure prompt claims payment and partnership with the media to create awareness.
Head, Business Development, Ibiyemi Mezu, who also spoke on how the firm hopes to harness the enormous opportunities in retail business, said the company would target the insurance needs of the over 6000 staff of Stanbic IBTC Group, who have families and friends and also use eCommerce to attract individuals who are presently outside the insurance net.
She said the firm, in working with selected underwriters had simplified products that are tailored towards everyday needs of the insuring public, stressing that the menace of unpaid claims which has been a bane in the insurance industry would be tackled through proper risk analysis and profiling.
She maintained that the firm parades skilled professionals who are determined to offer their very best to clients, adding that the firm upholds in high esteem the reputation built by the group.
She called on the public to insure their risks through the firm, which is in business to provide solutions at a reduced cost, stressing that the present economy headwinds necessitate the need for insurance, owing to huge cost associated with restoring lost or damaged items.
