Prestige Assurance strategies for profitability

PRESTIGE Assurance plc is redefining its operational strategies that would not only enable it deepen presence in the domestic market, but control a larger share of the nation’s insurance businesses.

The company, which draws its origin from the New India Assurance Company Limited, a global brand in risk management having existed in the Nigerian market for over 63 years, is poised for change, having appointed a new management.

Prestige Assurance, during an evening dinner with top insurance brokers and reinsurance companies in Lagos, and attended by its Global chairman and managing director of New India Assurance Company, Gopalan Srinivasan said it’s a new dawn for the Company.

Balla Swamy, managing director, Prestige Assurance said “We are changing our strategy and building a stronger relationship with the brokers and other stakeholders in the industry”.

Swamy said the Company has just inaugurated a customer portal, broker portal and Agency portal with cutting edge technology that makes that business exciting and interesting for all stakeholders. This will enable them generate insurance certificates online-real time, ones premiums were paid.

He said the Company was working on innovative products that will endear it closer to Nigerians and for the benefit of Nigerians, assuring that it has the capacity to meet all genuine claims with specified time of thirty working days.