By Rukayat Adeyemi
Universal Insurance Plc, has won the 2022 ‘Insurance Brand’ award of the Independent Newspapers, in addition to its growing lists of laurels.
Dr Benedict Ujoatuonu, Managing Director of the insurance company in a statement made available on Tuesday in Lagos, said the recognition was earned as a result of the growth and expansion the company was experiencing.
Ujoatuonu stated that the insurer has consistently, in last five years, been on the upward movement of both top and bottom lines.
“Our products are geared towards meeting the specific aspirations and needs of the insuring public.
“At Universal insurance, we have peculiar products that are in the market and are mostly unique to our brand.
“We have consistently been doing this to ensure that the insuring public get what they need and not actually what we think they need. These are part of the things that gave us an edge for this award,” he said.
According to him, universal insurance brand has an asset base in excess of N11 billion, authorised and share capital of N16 billion units and N8 billion paid-up respectively.
Commenting, Mr Steve Omanufeme, Managing Director/Editor-in-Chief, Independent Newspapers, said Universal Insurance, as one of the oldest insurance companies in the country, was selected based on its exceptional performance in the insurance industry.
Omanufeme stated that the media fim’s board of editors specifically embarked on a thorough and painstaking assessment before selecting the recipients of the award.
“We celebrate you for your services to Nigeria, our country, in your chosen field. Indeed, you have a rich resume of achievement worthy of emulation.
“This award is just a token of our appreciation of your rich achievement and we pray that it motivates you to a greater height,” he added.
Universal Insurance is a foremost underwriting firm in Nigeria, licensed to cover all cases of non-life insurance for individual, commercial and institutional sectors, general insurance products, banking products and risk management services.
