Paper presented by the Chief Executive Officer, Wapic Insurance Plc, Adeyinka Adekoya at the official launch ceremony of the Wapic Travel Insurance on Tuesday, December 18, 2018, in Lagos.
Good morning Ladies and Gentlemen and our friends from the Media
On behalf of the Board, Management and Staff of Wapic Insurance Plc, it is my pleasure to welcome you today, to the official launch ceremony of the Wapic Travel Insurance, specifically designed to cover individuals against unexpected incidents during international travels. We at Wapic are very excited to be launching this product solution aimed at helping our consumers to feel secured during their international trips even in the face of unplanned emergencies.
The ability to access pocket friendly and sound travel insurance is critical for travelers to fully enjoy their international trips with peace of mind. Before we decided to launch this product, we had observed over time very little or no awareness of travel insurance and its benefits and thus travelers would be at a disadvantage if they ever had an emergency during their trip. From simple issues such as inflight or checked-in baggage loss or more complex issues such payment of medicals bills or accident sustained while travelling or even cost of repatriation in a worst case scenario.
As we launch the Travel Insurance product, Wapic plans to invest in sensitizing our customers and prospects about the benefits of buying travel insurance through our various digital channels. The idea is to increase product awareness and patronage and also to elicit interest and ongoing debate in the public domain on the relevance and importance of Travel Insurance for the protection of life and personal property.
Wapic has produced this travel insurance product after thorough investigation and engagement with key stakeholders, and we are proud that this product above all else, addresses the issue of accessibility. Our travel insurance product is pocket friendly, and pricing is based on duration of trip and destination, thereby according access to a varied range of consumers.
We will ensure the engagement with this product is hassle-free. Sales of the product will be done directly to consumers through our digital platform and other touch points, as well as through partnership with leading digital channels, travel agencies, airlines, and other agencies within the travel value chain.
Wapic is happy to launch this product today, and looks forward to enjoying a strong partnership with our partners as together, we strive towards a future of mutual success.
We thank all of you all for attending this launch. We are happy that we can count on your support and patronage.
I thank you once again for honoring us with your distinguished presence.