• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Thursday, June 26, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Universal Insurance boasts of capacity

Insurance

The Matters Press by The Matters Press
July 23, 2023
Reading Time: 2 mins read
0
CIIN president tasks Insurance directors on manpower development

Lagos, July 23, 2023: The Universal Insurance Plc has said it has built capacity over the years through a robust and well-structured reinsurance programme to bear diverse risks from the insuring public.

RELATED POSTS

N1.5trn recapitalisation of Agric bank will herald food security – TMV

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope

The Managing Director of the insurance company, Dr Ben Ujoatuonu stated this at a media briefing in Lagos.

Ujoatuonu disclosed that the company had garnered positive recognition in the international reinsurance market since he came on board.

“Since I came on board as managing director of Universal Insurance, we have been able to arrange very robust and well-structured reinsurance programme.

” I am a technical person and understand the trajectory of the business, which has helped us to build capacity over the years.

“We don’t play with our reinsurance. Our reinsurance broker have attested that in the international market, our company is the only insurer that does not waste time in paying its reinsurance premium.

“We have a well arranged and structured reinsurance programme, where we can easily fall back on, as over the years, we have built retention that enable us carry diverse risks from the insuring public,” he said .

According to him, the underwriting firm has been working round the clock to build strong units and departments that can deliver value to customers.

The managing director stated that the efforts put in for over six years to build the units and departments were now yielding positive results.

Ujoatuonu said that in creating insurance awareness, which was germane to the industry, the insurer had embraced opportunities beyond its digital operations and presence on the social media.

He said : ” We are trying to have physical presence as much as possible in areas that we operate.

“ We also seek to support some ideas such as the Chartered Insurance Institute of Nigeria (CIIN) programme of reaching out to people such as the secondary schools reach-out programme.

“We also visit the NYSC camps during its orientation programme to sensitise the corp members about insurance. Although we are not expecting to get any business in terms of naira and kobo, but to create awareness.

“This is because there are situations where graduates of Nigerian universities do not even know anything about insurance.

“We have programmes of such from time to time and we collaborate with other arms of the industry to create the needed awareness.’’

Tags: Insurance
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

ActionAid, SWOFON call for urgent completion of BOA recapitalisation
Agriculture

N1.5trn recapitalisation of Agric bank will herald food security – TMV

June 26, 2025
Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF
Energy

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

June 25, 2025
Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope
News

Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope

June 25, 2025
79 candidates for presidential election
News

Tinubu’s new INEC building: A consolidation of democratic institutions, legacy in Nigeria – TDF

June 23, 2025
Gombe: Troops take over to enforce peace
News

Nigerian Army kills 6,260 terrorists, rescues 5,365 civilians in 2 years

June 20, 2025
ECOWAS, Sahel states in deal to  confront terrorism
Foreign

ECOWAS, Sahel states in deal to confront terrorism

June 20, 2025
Next Post
Value of China’s export to US dips

Yuan strengthens to 7. 1456 against dollar

NERC declares meters free under mass scheme

Energy activist kicks against $155m meter importation

Recommended Stories

Infrastructure gulp N2,7tn in Nigeria

Umahi seeks N217bn to fund 260 roads, 8 roads, bridge

October 6, 2023
Nigeria showcases minerals to woo investors

Lull in solid minerals sector causes concerns

June 27, 2022
PENCOM launches radio programme

PenCom approves acquisition of Access Pension by First Pension Custodian

September 12, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • N1.5trn recapitalisation of Agric bank will herald food security – TMV
  • Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF
  • Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

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

Log In
Call Us