L-R: Managing Director/Chief Executive Officer! Mutual Benefits Life Assurance Limited, Ademola Ifagbayi; Commissioner for Insurance, Sunday Thomas and Managing Director, Mutual Benefits Assurance Plc, Femi Asenuga at the event.
The National Insurance Commission (NAICOM) on Thursday appluded the effort of Mutual Benefits Assurance Plc in driving retail business in the country.
The Commissioner for Insurance, Sunday Thomas, gave the commendations during a visit to one of the retail outlets of the firm located at Challenge Bus-Stop, Mushin, Lagos.
According to him the Mutual Benefits has chosen the right path as retail remains the sustaining force for insurance.
His word: “I’m very excited with what I’m seeing here. This is because retail business is what will sustain insurance business. It is amazing seeing what you have here.”
He noted that the insurance industry is leading the way through firms like Mutual Benefits Assurance in pulling out over
100 million Nigerians out of poverty.
He urged employees of the firm who where all delighted to see him, to sustain their contributions to the insurance sector and by extension the economy, stressing that the people is what makes Mutual Benefits Assurance unique, and not the offices and buildings.
Also, Managing Director, Mutual Benefits Assurance Plc, Femi Asenuga, appreciated the Commissioner for his leadership style, which he said has brought relative peace to the industry.
He noted that with the structures being put in place by the commissioner, Mutual Benefits Assurance and other underwriters are better equipped to thrive and soar to lofty heights.
He said that with the commitments being exhibited by the employees, the company has gained national popularity as it is well received in every parts of the country.
He maintained that the firm would continue to sustain it leadership role in retail marketing, adding that the firm would continue to open new grounds for insurance growth in the country.
Speaking also the Managing Director/Chief Executive Officer! Mutual Benefits Life Assurance Limited, Ademola Ifagbayi, said the visit of the commissioner heralds a new beginning in the company.
According to him the endorsement received from the commissioner acts as a moral booster to the management and staff who are ever prepared to do more.
He assured the commissioner that the company would continue to operate in line with regulatory principles, whilst doing more to provide best insurance products and services to the citizenry.
