ZAKARIYA’U:
- Urbane professional
Niger
Insurance Plc is like the River Niger in more ways than one.
The River Niger is one great river which flows across the
length and breadth of
Nigeria
providing nourishment for its people and business.
Niger Insurance Plc in like manner, has succeeded in
meandering its way through the entire landscape of
Nigeria
,
touching her citizenry, assuring their future and gingering up
prosperity.
What
else can you expect from an insurance company which has worked
tirelessly for over 38 years guaranteeing the wealth of Nigerians.
Like the great river, Niger Insurance Plc provides superior
insurance services across
Nigeria
and beyond.
This
is, indeed, not surprising in view of the fact that Niger
Insurance Plc is in the top bracket of insurance firms in
Nigeria
which place high premium on its human resource base.
Insurance, it has been said, is a business requiring high
integrity precision and higher ethical standing.
It
is therefore not surprising that the board of directors of Niger
Insurance Plc found in Bala Zakariya’u enough testimony to
appoint him the Chief Executive Officer of the Company.
Since
April, 1997 when Bala Zakariya’u took over Niger Insurance Plc
as Managing Director, the big
Niger
,
like River
Niger
has never flown backwards. Rather Niger Insurance Plc has since
1997, been roaring like a lion.
Typical of the River Niger, Niger Insurance Plc today has
its tributaries sustaining a whole lot of other businesses.
Established
as Yorshire Insurance Company in 1962, it was a specialist in Life
Insurance. Niger Insurance Company assumed its present status of a
publicly quoted composite insurance company as a result of the
indigenisation Decree of 1976. Niger Insurance Plc now ranks among
the leading providers of a wide range of insurance and related
financial services in
Nigeria
with total assets in excess of N2.8 billion.
Niger
Insurance Plc has consistently achieved superior returns on
shareholders equity, relative to competition since its listing on
the floor of the Nigerian Stock Exchange.
Niger Insurance Plc is one of the first companies to meet
the new capital requirements of the Insurance Decree of 1997. It
currently operates with a paid up share capital of N200 million.
The
Company’s mission is to be a customer oriented provider of
Superior Services, using well motivated employees and technology
in a conducive working environment, thereby creating long term
value for shareholders through sustained return on investment.
The Company had, effective from 1995, began a process of
reforming its strategic policy for the years ahead, a process of
restructuring and repositioning, designed as a response to the
changes affecting its market.
Under this policy, capital is being allocated to business,
products and markets where the company can excel, to the
acquisition of improved data processing equipment (automation) all
geared towards improved service delivery.
Niger
Insurance Plc transacts all classes of insurance business,
offering a wide range of specialised insurance products and
services to corporate clients, parastatals, institutions, families
and individuals.
The
policies are designed to provide indemnity against material and
primary losses arising from various risks, such as fire and allied
perils, consequential loss, motor, burglary and house-breaking,
group and personal accident, workmen’s compensation, money,
goods-in-transit, public liability, professional indemnity,
fidelity guarantee, marine cargo, house owner/holders, personal
liability, and product liability.
The
Company offers specialised policies to cover losses arising from
risks, such as bonds, oil and energy, aviation and marine,
engineering, contractors all risk and so on.
Niger Insurance Plc offers the most competitive rates as
well as policies that provide the best form of insurance
protection and a very efficient and considerate claims settlement
process.
Bala
Zakariya’u, a Chartered Insurer has over 25 years working
experience in the industry. He is an Associate of the Chartered
Insurance Institute,
London
and holds a Masters Degree in Business Administration (MBA) from
Bayero
University
,
Kano
and Diploma in Insurance from
Ahmadu
Bello
University
,
Zaria
as well as being an alumnus of the prestigious
Lagos
Business
School
.
Zakariya’u’s working experience cuts across both the
underwriting and broking sectors of the industry as well as
organisations and institutions.
Niger
Insurance Plc, with one of the largest integrated branch networks
within the industry, desires to reach and serve all the nooks and
crannies of
Nigeria
.
Newswatch Special Feature, Friday, 15 November 2002
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