BY NKECHI NAECHE- ESEZOBOR–NEM Insurance Plc bi-annual fitness work and awareness creation, which holds in March and October each was held at the weekend, as part of its awareness programme.
Speaking at the event, the Managing Director of Nem Insurance, Mr. Andrew Ikekhua, said that the fitness walk is held twice annually as part of the company’s branding efforts.
“This event serves as a platform for image branding, where we showcase and market our products. People identify with us because they recognize our strong brand.”
He said that the company’s solid capitalization and prompt response to client needs have positioned the company as a leader in the competitive insurance industry.
According to him our customers trust our brand, and we don’t take that for granted. As a leader in the general insurance business, we will continue.
The fitness walk started from the company’s head office on Ikorodu Road, Lagos, passing through Maryland, and then returning to the office. Along the way, staff distributed flyers and promoted the company’s products to residents of the area.
On its financial performance for 2024, he said the company recorded a turnover of N108 billion in insurance revenue, this according to him reflects the company’s commitment to strategic growth and consolidates its position in the Nigerian insurance market.
In the area of claims, the insurer paid a total of N23 billion in claims to policyholders reinforcing its commitment to supporting customers and helping them recover from losses.
Despite operating in a challenging environment, Nem Insurance showed remarkable profitability, recording over N20 billion in profits for 2024, a testament to its resilience and strong market presence.
