BY NKIRUKA NNOROM
The Nigerian Stock Exchange, NSE, has named Mansard Insurance Plc as one of the companies quoted on the Exchange with outstanding good corporate governance practices. Mansard received the accolade alongside seven other pilot companies that were announced at the launch of the NSE’ newly introduced Corporate Governance Rating System (CGRS), designed to rate companies listed on the Exchange based on their corporate governance and anti-corruption culture.
According to the CEO, NSE, Mr. Oscar Onyema, upholding high level of good corporate governance is mandatory for all quoted companies, even as he said that the practice would improve the overall perception of and trust in Nigeria’s capital markets and businesses.
The NSE’s recognition comes on the heels of two other outstanding awards the company added to her growing list of 2014 awards and recognitions, which came in just one week.
Specifically, the company emerged the first place overall winner in Insurance & Pensions category at the 2014 Nigerian Risk Awards which held on the 5th of November.
Also, Omokayode Oluwole of the Enterprise Risk Management Unit of Mansard emerged the 1st Runner Up for the Risk Manager of the Year award. The Nigerian Risk Awards organized by Conrad Clark Nigeria Ltd. in collaboration with Business Day and UK Institute of Risk Management is dedicated to rewarding organizations and individuals who have achieved results through the effective implementation of enterprise risk management principles.
Winners of the Nigerian Risk Awards were chosen by a panel of 18 high caliber judges from Risk Management Consultants background in the UK, USA, Cyprus, Germany and Nigeria.
Initiatives deployed by the company which were key to its emergence as the first place overall winner in Insurance & Pensions category include, reinforcement of risk culture & awareness and building of capacity through communication and training, both local and overseas.
Also, at the fourth edition of Marketing World Awards, which held on November 7, 2014 in Lagos, Mansard Insurance Plc was adjudged Insurance Brand of the year.
The Marketing World Awards is an annual event organized by Instinct Wave Group to reward, recognize and celebrate companies with outstanding marketing initiatives.
Mansard Insurance Plc was incorporated in 1989 as a private limited liability company and is registered as a composite company with the National Insurance Commission of Nigeria (NAICOM). The company offers life and non-life insurance products and services to individuals and institutions across Nigeria whilst also offering Investment Management and Health Maintenance solutions through its two subsidiaries, Mansard Investments Limited and Mansard Health Limited respectively. The company also recently received NAICOM’s approval for Micro Insurance Operations.