Niger Insurance Reveals 5 Year Development Strategy
Niger Insurance Plc, one of the leading insurance companies in Nigeria has revealed a growth and transformation plan that will see the company return to profitability as well as expand its market share.
At a breakfast meeting with the media in Lagos on Friday, the company unveiled a well-developed and articulated strategy with the Theme: Transforming & Repositioning Niger for Service Excellence & Profitable Growth.
According to Mr. Edwin Igbiti, the company’s managing director and chief executive officer, explained that the move was specifically designed to reposition the firm for service excellence and competitiveness in a rapidly changing operating landscape.
The transformation blueprint spans over the next 5years (2020 to 2024) and focuses on operational and technological advancements in delivering bespoke Insurance solutions to businesses, institutions and the growing populace of Nigeria.
The implementation of the transformation plan began in the fourth quarter of 2019 following the appointment of the company’s new MD/CEO – Mr. Edwin Igbiti, a vastly experienced and well- respected business leader who recently completed five meritorious years as MD of AIICO Insurance Plc.
The need for Niger Insurance Plc’s transformation is underscored by a combination of market & regulatory changes and having been in operations for 57years, it had become imperative to address legacy challenges as well as innovate to achieve service excellence, agility and & competitiveness.