• Contact Us
  • About
  • Advertise
  • Privacy & Policy
Wednesday, July 6, 2022
  • Login
  • Register
Business Post
E3P Motor Insurance
  • Home
  • Insurance
  • Pension
  • Business Unlimited
  • OIL & ENERGY
  • Feature
  • News
No Result
View All Result
  • Home
  • Insurance
  • Pension
  • Business Unlimited
  • OIL & ENERGY
  • Feature
  • News
No Result
View All Result
Business Post
No Result
View All Result
Home Insurance

Bancassurance Deal Puts Access Bank And Coronation On Same Loop

Nwanne Ikemefune by Nwanne Ikemefune
January 22, 2021
in Insurance
0 0
0
Coronation MD/CEO

Mrs. Yinka Adekoya MD/CEO, Coronation Insurance

0
SHARES
75
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

The chairman of board of Coronation Insurance Plc, Mutiu Sunmonu, has announced the bancassurance deal reached between the insurer and Access Bank. This allows the insurer to offer all their underwriting policies to the bank’s customers in all branches of the bank, representing a partnership that feeds mutual benefits and a key partnership for the Nigerian insurance industry.

Sunmonu disclosed this at a webinar on “Managing Risks That Keep CEOs Up At Night,” in Lagos, and stated that the partnership will redefine how insurance services are delivered to corporate customers. Besides, he said boosters of the deal are the insurer’s impressive digital integration and maturity of the organisation and the size of investment it has made in scaling its digital maturity over the last decade. Second, is the corporate governance and financial capacity and last, talent and potentials within the organisation.

The impressive corporate credentials of Coronation Insurance Sunmonu stated, was not a surprise, “it only reflects what we have come to expect from any organisation affiliated to Aigboje Aig-Imoukhuede and Herbert.”

The group managing director/chief executive officer of Access Bank, Herbert Wigwe, said the bank sealed the deal with the expectation that it’s going to be more than a “bank promise” to its customers, where they will “have the best underwriting and claims experiences. We believe that it is possible that with a bancassurance partner in the company like Coronation Insurance, that those things will be achieved.” He emphasised that Coronation Insurance will distance itself from the slow and sluggish response to claims settlement which is prevalent with many insurance companies.

Wigwe said there were several background checks conducted by the bank and Coronation Insurance ticked as the fastest-growing corporate risk underwriter in the last decade and, one of the top three most capitalised insurance companies in Nigeria. Also in the background and subsisting, is Wigwe’s assertion that Wapic Insurance, now Coronation Insurance, was part of Access Bank ecosystem, a boost to their new joint platform. A good take home from that relationship his reminiscence captured, was the “fond memories of the spin off when our shareholders received their dividends after that particular spin off.”

He said the new phase of partnership with Coronation resonates with big banks across the globe. He explains: “In pursuit of our goal of being more than a bank to our esteemed customers, it has come to our notice that the largest banks across the globe with similar ambitions as ours have bancassurance partners who offer their services directly or indirectly through the bank.”

The checks made by the bank, he stated, had to match a couple of identifiers; “the first among them is the underwriters speed of response to customers, and the second, is the financial strength and capitalisation base of the underwriter.”

Wigwe said the bank went to that length because of its customers interest. He bares his mind: “With the strong interest of our customers in mind, Access Bank considered all of these qualities and found Coronation Insurance to be leading within the various categories.”

Previous Post

Nigerian Ship Owners Seek NNPC Patronage

Next Post

NDIC Exceptions Reverberate As Its Boss Leaves The Stage

Nwanne Ikemefune

Nwanne Ikemefune

Next Post
NDIC boss

NDIC Exceptions Reverberate As Its Boss Leaves The Stage

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

NEM INSURANCE NEM INSURANCE NEM INSURANCE
  • Trending
  • Comments
  • Latest
ILAN Picture

Loss Adjusters Receive Charge To Match Speed Of New Developments

April 3, 2022
Custodian Investment To Acquire 51% Stake In UACN Property

Penetration: Operators Call For Insurance-In-Action

April 3, 2022
tope smart NIA former chairman

Insurance Milestone: A Beacon To Follow

April 3, 2022
ncrib logo

NCRIB And Universal In Pictures

August 23, 2020
How Strong Is The Reinsurance Sector Going Into 2021?

How Strong Is The Reinsurance Sector Going Into 2021?

349
Scib CEO Tinubu

Professionals Want Value Dimension Added To Enhance Compulsory Insurance

48
PenCom Trigger Lifts Transfer System Off The Starting Block With Split Responsibilities

Pension Funds Encounter First Waterfall

42
Linkage Assurance Aligns With Brokers For Growth

Linkage Assurance Aligns With Brokers For Growth

41
Road Sanity Bonanza: Nigerians To Be Rewarded For Good Driving

Road Sanity Bonanza: Nigerians To Be Rewarded For Good Driving

July 5, 2022
Inflation To Drive Insurance Protection Gap To New High In 2022: Swiss Re

Inflation To Drive Insurance Protection Gap To New High In 2022: Swiss Re

July 1, 2022
Nigeria’s Babajide-Agbeja Takes The Helm At Africa Insurance Brokers Association

Nigeria’s Babajide-Agbeja Takes The Helm At Africa Insurance Brokers Association

June 30, 2022
Africa And Asia Lead Emerging World On Climate Commitments

Africa And Asia Lead Emerging World On Climate Commitments

June 28, 2022

Recent News

Road Sanity Bonanza: Nigerians To Be Rewarded For Good Driving

Road Sanity Bonanza: Nigerians To Be Rewarded For Good Driving

July 5, 2022
Inflation To Drive Insurance Protection Gap To New High In 2022: Swiss Re

Inflation To Drive Insurance Protection Gap To New High In 2022: Swiss Re

July 1, 2022
Nigeria’s Babajide-Agbeja Takes The Helm At Africa Insurance Brokers Association

Nigeria’s Babajide-Agbeja Takes The Helm At Africa Insurance Brokers Association

June 30, 2022
Africa And Asia Lead Emerging World On Climate Commitments

Africa And Asia Lead Emerging World On Climate Commitments

June 28, 2022
AIO President Says Africa Low Insurance Penetration Is A Challenge To Overcome

AIO President Says Africa Low Insurance Penetration Is A Challenge To Overcome

June 28, 2022
NAICOM Regulation Stirs Clear Of Wild Spin Focuses On Mid-Point With Policyholders And Operators

National Insurance Commission Decommissions Standard Alliance Plc And Niger Insurance Plc

July 1, 2022
AM Best Upticks AIOs Strategic Initiatives

AM Best Upticks AIOs Strategic Initiatives

June 27, 2022
STI Pools Sport Laurels At NCRIB Maiden Lawn Tennis Tournament

STI Pools Sport Laurels At NCRIB Maiden Lawn Tennis Tournament

June 27, 2022
M&A

Merger & Acquisition Transactions Exceed £815bn In 2021

June 24, 2022
Enforcement Of Compulsory Insurances: Abuja Leads States Follow

Enforcement Of Compulsory Insurances: Abuja Leads States Follow

June 27, 2022
Preferred PenCom Logo

Q1 2022: RSA Transfer System Dips, Improving PFA operations Make Early Call

June 22, 2022
Universal Insurance Clinches 2022 Excellence In General Insurance Leadership Award

Universal Insurance Clinches 2022 Excellence In General Insurance Leadership Award

June 22, 2022
Ag PenCom DG

Capacity Building: PenCom X-rays CPS To States With Varied Low Dimensions On Start-Up

June 20, 2022
Image Spin: Financial Inclusion Engaged On All Fronts

NAICOM, Other Regulators Tell Nigeria’s Financially Excluded That Micro Policies Are Lifters And Soft Landing For Their Risks

June 19, 2022
Business Post

We connect brands with buyers and sellers of insurance, pension and also project insurance and allied Businesses to the trending generation. We help the various public to adapt to the constant changes as it would impact, and also enable advertisers to connect, engage and target opportunities on line , in print and in person.

Browse by Category

  • Business Unlimited
  • Feature
  • Insurance
  • News
  • OIL & ENERGY
  • Pension
  • Travel

Recent News

Road Sanity Bonanza: Nigerians To Be Rewarded For Good Driving

Road Sanity Bonanza: Nigerians To Be Rewarded For Good Driving

July 5, 2022
Inflation To Drive Insurance Protection Gap To New High In 2022: Swiss Re

Inflation To Drive Insurance Protection Gap To New High In 2022: Swiss Re

July 1, 2022
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2020 BusinessPost

No Result
View All Result
  • Home
  • Insurance
  • Business Unlimited
  • OIL & ENERGY
  • Feature
  • News
  • Contact Us
  • About
  • Advertise
  • Privacy & Policy

© 2020 BusinessPost

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In