Friday 7 November 2014

NAIC to Offer Weather Index Insurance


The management of Nigerian Agricultural Insurance Corporation (NAIC) has been empowered to develop new products such as weather index insurance, as well as embark on business re-engineering, upgrade its ICT infrastructure, and improve brand communication in order to continue rendering excellent services to its customers.
At the retreat organised by the company in Calabar, Cross River State recently, the management was also charged to ensure prompt claim settlement, provide micro insurance to small scale farmers, enhance staff welfare and training as well as strategic performance measurement in view of the recent commercialisation of the corporation's activities.
Chairman of the Board, Mrs. Chioma Ohakim, stated that it has been the desire of the Board, immediately after inauguration, to review the corporation's vision and mission with a view to fashioning out appropriate strategy in response to NAIC operational environment and challenges towards taking the corporation to the next business level.
The overall aim of the retreat, according to her, was to create synergy between the Board of Directors and the management, led by Bode Opadokun, with a view to drive the new vision that would ensure that the corporation effectively and efficiently contributes its quota to the Agricultural Transformation Agenda of the Federal Government.
The papers delivered at the retreat centered on Strategies and Business Development, Organisational structure, creation of multilateral working relationships with local and foreign partners, environmental impact assessment as well as SWOT analysis.
Mrs. Ohakim also led a delegation of the Board and top Management members of the corporation to pay a courtesy visit on the Executive Governor of Cross River State, Liyel Imoke.
She equally listed the benefits of taking an insurance policy with the corporation which include payment of premium at subsidised rate and prompt settlement of genuine claims.
She further extolled the loyalty of the people of the State for their past patronage, especially in the past five years, which enabled the corporation to give adequate insurance cover to over N2.7 billion worth of their agro-investments.

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