President of Nigerian Council of Registered Insurance Brokers (NCRIB),(3rd left ) Ayodapo Shoderu presenting a plaque to the Managing Director Nicon Insurance Plc, Samuel Bayode while Deputy President of NCRIB, Kayode Okunoren; Commissioner for Insurance, Muhammed Kari; Vice President of NCRIB, Shola Tinubu and another Nicon Staff looks with admiration during the August Edition of Broker Evening in Lagos.
Chuks Udo Okonta
The Managing Director NICON Insurance Limited Bayode Samuel, said the company hopes to settle outstanding claims and commissions with accruable interests from the sales of assets estimated at over N15 billion.
He disclosed this at an event organised by insurance brokers in Lagos, stressing that the company's board had granted him an approval to disposed some assets as a means of repositioning the firm. He noted that the expected funds will be realized from planned investment in treasury bills and other money market instruments.
He noted that the firm has recently swung into serious action with concerted efforts aimed at rebranding its operations. This has become pertinent due to the fact that every establishment over time, carries out reforms that will reposition the organization in the comity of equals as wells as clients, he said.
He said since the inception of his tenure, the management had carried out radical structural and human rebranding exercises with the intent of placing the company on a balanced pedestal.
"There is an on-going rebranding exercise, aimed at giving our offices across Nigeria impeccable look, comparable to any world class office.
We have sent our staff to train at various reputable institutions so as to equip them sufficiently for proficient productivity. On a lighter note too, you will agree with me that we have bounced back to professional associations just like we are fraternizing with you today and it is ardent desire that this fellowship is sustained.
"Our operations have so far not been different from what obtains everywhere in the industries. We have always done our best possible to jump across series of hurdles to have come thus far. It has not been rosy more especially with our erstwhile estranged relationship with you our partner and professional associations, but we are confident that the current management team will fix things right in the shortest time possible.
"In our resolve to reposition the company, we have decided to extend our strategies to our 6 Regional and 40 Branch offices across Nigeria for optimal and superior performance," he maintained.
Bayode said the firm had from January this year to date, paid a total claim of over N138.11 million, made up of N50.98 million in general business and N87.13 million in life and pensions businesses.
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