Leading businesses in Nigeria are now using extended healthcare coverage to boost their employees’ productivity and boost their profits and growth, the Senior Vice President of Reliance HMO, Leila Abu, has said.
Abu, who disclosed this in an interview, added that there is a direct and strong connection between employee well-being driven by comprehensive health insurance plans and overall business profitability.
“Investing in employee healthcare and ensuring their well-being creates a positive environment for employees to thrive and deliver the highest quality of service to clients, thereby ensuring business goals are achieved,” Leila stated.
With one of the lowest insurance penetration rates in Africa, reported by a global insurance market report to be 0.5% compared to 12.2% for South Africa, the Nigerian insurance industry has struggled with significant trust and confidence issues dating back to the early 19th century.
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