IGI assures shareholders of better performance

INDUSTRIAL And General Insurance Plc (IGI) has launched initiatives aimed at improving its service delivery and financial performance to ensure robust returns to shareholders.

Speaking at the company’s 21st yearly general meeting in Lagos, the Managing Director, Mr. Rotimi Fashola, said: “We have restructured our operations to meet the needs of both developed and emerging markets. There is strong commitment to regaining market leadership and delivering value to our shareholders and all stakeholders.”

According to him, IGI is consolidating its various investments in order to further its innovation capabilities that will enable it take maximum advantage of the growing opportunities in the industry. “We are focusing on strategic innovations in the insurance, asset management, financial technology and healthcare service sectors,” he said.

Noting that the IGI board of directors has been strengthened with the injection of new members of high professional standing, Fashola explained that the move was part of a phased repositioning of the company aimed at engendering a more vibrant company that will pursue vigorously the late founder’s vision of a world class organisation.

“We are poised to set new standards for competition in product innovation, service delivery and best practice, while delivering great value to all stakeholders. IGI is equipped with all the essential material, intellectual and human resources for driving this transformation. We are therefore approaching the future with confidence and great expectations.”

The new members on the IGI Board of Directors are: former Secretary to the Government of the Federation, Alhaji Yayale Ahmed, former Head of Service of the Federation, Prof. Oladapo Afolabi, a professional banker, Mr. Kenneth Aigbinode, and an information communication technology expert, Mrs. Foluso Gbadamosi.