|End-of-day quote - 04/21|
Wapic Insurance : Coronation Insurance, Access Bank Seal Deal On Bancassurance
|12/14/2020 | 05:06am|
The company said the deal would enable it sell its policies through the bank's branches.
Speaking at a webinar on the deal, the Chairman,
He said through the coming together of both organisations, new standard of quality and service delivery would be established within the insurance industry.
At the forum titled 'Managing Risks That Keep CEOs Up at Night," Sunmonu, said the partnership would elevate the level at which insurance services are delivered to corporate customers in the country.
He said he was impressed with the digital maturity, size of investment, financial capacity and talent within the underwriting firm.
Also speaking, the Group Managing Director/Chief Executive Officer,
"In fulfillment of more than a bank promise to you, we want our customers to have the best experience in underwriting and claims experience and we believe that it is possible that with a bancassurance partner with a company like
He said he was proud of the great strides recorded by Coronation, one of which was being the fastest-growing corporate risk underwriter over the last decade.
"In pursuit of our goal of being more than a bank to our customers, largest banks with similar ambition like ours across the globe have bancassurance partners who offer their services directly or indirectly through the bank."
According to him, in its selection of a bancassurance partner, Access bank had to look for a couple of identifiers. The first among them he said was the underwriter's speed of response to customers, and the second the financial strength and capitalisation base of the underwriter.
"With the strong interest of our customers in mind,
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