Underwriter receives MSME insurance company award

Underwriting firm AXA Mansard Insurance Plc has been announced as the ‘Best MSME Insurance Company of the Year’ by leading business publication Nairametrics and the Economic Forum Series (EFS).

The announcement was made at the yearly MSME Finance Awards 2024, held in Lagos.

The recognition, which is endorsed by the office of the Vice President on MSMEs and Job Creation, underscores AXA Mansard’s continued dedication and innovations to strengthen MSMEs in Nigeria.

According to the organisers, the decision for AXA Mansard nominations was reached based on its preliminary scores on an initial assessment as well as extensive deliberations by the Editorial Board of Nairametrics Financial Advocates and the Editorial Advisory Board of Economic Forum Media.

Speaking after receiving the award, Chief Marketing Officer, AXA Mansard Insurance Plc, Adebola Surakat, said the award was another testament to the continued commitment of the insurer to provide the right level of support for MSMEs in Nigeria.

She explained that the company recognises the power of MSMEs and continues to innovate to support them through solutions that can mitigate the impact of the volatile business environment.

“We are all aware that MSMEs are the backbone of the economy, especially an emerging economy like Nigeria. As a company, we are aware of the different risks that threaten these businesses and their potential to create jobs and improve our economic indices.

So, at AXA, we have committed ourselves to ensuring that we design solutions that can mitigate those risks so this business can grow and scale sustainably.

“We are extremely happy that today, these solutions that we create in the corners of our offices are generating so much impact, so much that we were shortlisted, and after going through the rigorous process, we are pronounced winner of the award tonight. We take this honour very seriously. It signals the trust that the market has in us and will serve as another reminder that we must not rest on our oars,” she said.