Mokwunye |
Chuks Udo
Okonta
Royal Exchange
Plc has set in motion strategies to harness the opportunities provided by the
new business lines in insurance practice – microinsurance and takaful, Inspen
has learnt.
Its Group
Managing Director Chike Mokwunye,
in an interview said the firm would leverage the business lines to increase its
share of the market.
He said: “We are looking at
the businesses, for we believe that they would really help deepen insurance
penetration. They are actually meant to address the un-served markets. If we
have to increase our share of the market, we probably do not have any choice
than to consider the businesses.”
He noted that the underwriting firm is poise to build a
market-oriented organisation that would be responsive to the needs of the
market and the ever-changing demands of customers.
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