Coronation Insurance Plc has partnered with Access Bank Plc to boost its underwriting operations.
The Group Managing Director/Chief Executive Officer, Access Bank Plc, Herbert Wigwe, has said the bancasurance partnership between the bank and Coronation Insurance Plc will improve underwriting and claims experience in the insurance industry.
He spoke during a webinar on ‘Managing risks that keep CEOs up at night’ where the partnership between the bank and Coronation Insurance was unveiled.
“In fulfillment of more than a bank promise to you, we want our customers to have the best experience in underwriting and claims experience and we believe that it is possible that with a bancassurance partner with a company like Coronation Insurance, it will be achieved,” Wigwe said.
He said he was proud of the great strides recorded by Coronation, one of which was being the fastest-growing corporate risk underwriter over the last decade.
Wigwe mentioned that the underwriter was also one of the top three most capitalised insurance companies in Nigeria.
He said, “In pursuit of our goal of being more than a bank to our customers, largest banks with similar ambition like ours across the globe have bancassurance partners who offer their services directly or indirectly through the bank.
“In selecting a bancassurance partner, we have had to look for a couple of identifiers; the first among them is the underwriters’ speed of response to customers, and the second is the financial strength and capitalisation base of the underwriter.
“With the strong interest of our customers in mind, Access Bank considers all of these qualities and found Coronation Insurance to be leading within the various categories.”