BY NKECHI NAECHE-ESEZOBOR—Poised to deepen insurance penetration and awareness in the country, Nigeria’s lead underwriter, Mutual Benefits Assurance PLC, yesterday inaugurated its South-West Region Franchise office.
Speaking at the event, which was held at the Mutual House, Onireke, Ibadan, Oyo State,
the Managing Director, Mr Femi Asenuga, said is aimed at developing the insurance business and also to create and add values.
“The role we all have to play is to be ambassadors of Mutual Benefits. A franchise is a well-known word and the way Mutual Benefits practices franchise is in our normal style of creating and adding value, we never rest.”
He assured that company is working with stakeholders to ensure they improve on insurance penetration and awareness at the grassroots.
He noted that the insurer will provide stakeholders with the platform and support to make them excel as a member.
Also, Mr Adewale Raji, the Group managing director of Odua group, in his address said “the Odua investment is owned by the six South-West government and it is in our interest when economic, businesses and investment spreads across the South-West states. This is an opportunity for us to strengthen insurance penetration within the South-West states. This is why Odua investment is interested in a venture like this because it is helping the economic development of the South-West.
“Beneficiaries are privileged to be associating with a credible brand and it is important they equip themselves with the right knowledge and competencies to relate with the public. in so doing, they should brush on a value coming from this brand for them to increase their economic ethics and deepens their knowledge about insurance.”
The Managing Director of Mutual Benefits Life Assurance, Mr Ademola Ifagbayi, stakeholders to take advantage of the franchise.
