In spite of the economic meltdown, Niger Insurance Plc achieved a gross premium income of N7.2 billion in 2009 compared to N5.2 billion it realised in 2008. The company’s net premium income was N6.4 billion in 2009 as against N4.7 billion recorded in 2008.

In keeping faith with the company’s promise to ensure that all genuine claims are promptly paid, the underwriting firm paid a total claims N519.14 million in 2009.

In appreciation of the need to constantly improve the financial base of the company, Niger Insurance ranks amongst the financially solid insurance companies in the country with an asset base in excess of N15 billion.

Dr Justus Uranta, Managing Director of underwriting firm assured that the insurance firm is quite aware of the financial implications of this reality and the need to maintain an effective financial management to be able to weather this storm, adding that Niger Insurance successfully maintained its core operations of risk bearing and claim settlement due to its financial stability and operational efficiency.

In view of the fact that Niger Insurance prioritises human capital development, the company has in its employment well qualified and seasoned professionals willing to go extra mile to exceed customers expectations.

The importance placed on human capital development has seen its staffs exposed to both international and local training. Recently, 15 of the company’s staff passed the examinations of the Chartered Insurance Institute of Nigeria (CIIN) to become chartered insurers.

Determined to continue rendering excellent services to the customers, the company is currently undergoing a corporate transformation and re-engineering which is termed Niger Enterprise Strategy Transformation (NEST).

The key elements of this project are networking through strategic partnership, integrity being the hallmark of its corporate stewardship, having a global competitive outlook, empowerment to build a successful future and reliability being its signpost for excellent service delivery.

The current transformation process is also reflected in the new vision of the organisation which is: to become the insurance company of first choice in Nigeria noted for high level transparency, efficiency, capacity and superlative customer service.

Besides, the objective of Niger Insurance is to become the insurance company of first choice in Nigeria by 2012 through various programmes such as strategic partnership with stakeholders in the industry, re-engineering through human capacity building and acquisition of up to date information and communication technology facilities, and an improved investment policy through strategic horizontal and vertical diversification.
Towards this end, plans have been concluded to ensure that customers are able to communicate and relate with the company on line real_time through its recently acquired platform within a very short time from now.
The 48year_old company has also repackaged its travel insurance cover in partnership with MapFre/Asistencia, a Spanish company which is one of the best travel insurance providers in the world. The travel insurance is valid for use in any of the shengen countries and other European countries.