Monday, 15 July 2013

Royal Exchange Prudential Life focuses on customer service excellence


 

Chuks Udo Okonta 

The Group Managing Director of Royal Exchange Plc, Chike Mokwunye, has called on staff of Royal Exchange Prudential Life Assurance (REPLA) to focus on customer service excellence, among other major initiatives, to drive the firm’s quest for market leadership and enhance status.

Mokwunye who spoke at a national retreat for management staff of the company, encouraged the staffers, especially those in customer-facing departments, to make service excellence their guiding principle and watchword in their interactions and dealings with clients, to enable the firm remain dominant player in the life insurance industry in the next three years.

He said: “The customer is at the heart and soul of every organization’s growth and success and it is very important to keep them satisfied if one wants to remain in operation. If the customer is treated well, he/she stays with you, but if they receive shabby and unsatisfactory treatment, they (customers) will take their business elsewhere.

“The future of insurance in Nigeria is the life business, which has not been fully tapped into, and for Royal Exchange Prudential to seek market leadership, an effective and efficient policy of customer service, loyalty and retention must be in place in the organisation.”

Managing Director REPLA, Wale Banmore, said in addition to service excellence, his company’s focus is also on the deployment of a robust retail marketing strategy to take insurance to the grassroots, as well as training/upgrading of its marketing personnel, in line with current realities.

“The attainment of these goals, amongst others in the current financial year, will impact positively on the fortunes of the company, (profitability), improve service delivery to our clientele and boost our premium income.

 “Management believes strongly in the Royal Exchange brand and its people, it’s most important resource, are more than capable of delivering outstanding service to existing and potential clients, nationwide,” he said.

Banmore, commended the staff for their drive and resourcefulness, which has resulted in ‘winning ways’ for the company.

He challenged them to work harder in the years ahead, to achieve the firm’s objective of becoming a world class company by 2015.

Facilitators invited to deliver papers at the strategy session include, Managing Director, Wema Insurance Brokers, Gbenga Olawoyin, who spoke on communication strategies; Senior Manager, Continental Reinsurance, Abdulrasheed Akolade, who delivered a paper entitled “Profitability in Life Assurance Business” and Assistant General Manager/ Head, Finance, Royal Exchange Prudential, Francis Okoli, whose paper was titled “Bank Alliance and Co-Marketing – A growth area in insurance.”

No comments: