INSPENONLINE: Royal Exchange wins award

Friday 17 August 2012

Royal Exchange wins award

Chuks Udo Okonta

Royal Exchange Plc, recently won the ‘Best Web Transaction Processing’ website award in the insurance category of the 2012 Web Jurist Award conducted by Phillips Consulting, Nigeria.

The award was presented to company’s representative the Group Head, Information Technology Ejike Osisioma, by the Honourable Minister of Communications, Mrs. Omobola Johnson, accompanied by the Managing Director of Phillips Consulting, Mr. Folusho Phillips.

The award was considered as a major endorsement of Royal Exchange’s E-business platform and the management’s investment in the upgrade of its website and information technology tools and processes to ensure products and services are offered to customers, how and when they want it.

It would be recalled that in 2010, Royal Exchange pioneered the introduction of its scratch card payment solution to cover motor vehicle and personal accident insurance policies.

These policies can now be acquired in a faster, more reliable and convenient manner than conventional methods because of the virtual process that the Royal Exchange scratch card payment system offers.

“Royal Exchange has invested heavily in technology to create seamless and secure platforms through which our existing and potential customers can access Royal Exchange products and services. The objective here is to ensure that every point of interaction is laden with superior value, no matter the type of transaction being done”, a statement from the organisation said.

“We want to continue to deploy the best technology to deliver value to our customers, working through the best, well-trained and motivated people to deliver value and we are happy with the progress we have made so far,” he company said.

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Lawal is Inspen 2014 insurance man of the year

The former President Chartered Insurance Institute of Nigeria (CIIN) Fatai Lawal has emerged the 2014 Inspenonline Insurance Man of the year.

Fatai who is the the Managing Director Sterling Assurance Nigeria Limited was named today, at the Nigerian Insurance and Pension Award organised by Inspenonline.

Chief Executive Officer Inspenonline Media, Chuks Udo Okonta, said Lawal was picked from the votes casted by the public and other considerations made by the award's panel of assessors.

He noted that the winner raised the bar at the the Institute and the industry by opting to serve a tenure which was eventful and impactful. He added that amongst the legacies left by the winner was the printing and donation of Insurance books to secondary and tertiary institutions aimed at deepening insurance awareness.

Okonta noted that the award, which started two years ago with the recognition of two distinguished individuals and an underwriting company, has now come to stay.

"This year, we decided to raise the bar by setting high standards to judge the operations of companies and impacts made by individuals in moving insurance and pension business forward.

"To achieve this, we gave the public the opportunity to select those to be celebrated by calling for votes. Having harmonised the votes which came from different parts of the country, we benchmarked the scores with the set standard to arrive at the winners we are celebrating today," he said.

Others winners are AIICO Insurance Plc, Insurance company of the year; FUG Pensions Limited, Pension Fund Administrator of the Year; YOA Insurance Brokers Limited and Glanvill Enthoven Insurance Brokers Limited, Insurance Broker of the year.

Professional Excellence Award went to Professor Joe Irukwu; Best Professional Group went to the Chartered Insurance Institute of Nigeria and Association of Registered Insurance Agents of Nigeria; Corporate Brand went to Mansard Insurance Plc and Leadway Assurance Limited while Corporate Social Responsibility Award was won by Sovereign Trust Insurance Plc.

The organisers also recognised organisations that distinguished themselves, with Excellence Award. Organisations in this category include the National Pension Commission, Lagos State Pension Commission, Goldlink Insurance Plc and Pension Transition Administration Directorate.

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