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 annual 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 health care service sectors,” he said.
Noting that the IGI Board of Directors has been strengthened with new members of high professional standing, Fashola explained that the move was part of a plan to reposition the company, with the aim of making it more vibrant to vigorously pursue the late founder’s vision of a world-class organisation.
“We are poised to setting 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 materials, intellectual and human resources for driving this transformation. We are, therefore, approaching the future with confidence and great expectations,’’ he said.