NAIC States Readiness To Provide Security For Agric Investors – DG | Independent Newspapers Limited
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NAIC States Readiness To Provide Security For Agric Investors – DG

Posted: Oct 22, 2015 at 6:00 pm   /   by   /   comments (0)

Nigerian Agricultural Insurance Corporation (NAIC) on Thursday pledged to provide adequate security for all Allied Investors in the agricultural sector.

The Managing Director, Mr Bode Opadokun, made this pledge in an interview in Abuja.

He said that NAIC had vast experience in the business of agricultural risk management for over two decades now.

“We have substantial understanding of the dynamics of the risks inherent in the agricultural sector and proffer the appropriate risk management solutions.

“In line with the current trend in the agricultural market place, we have designed and deployed various categories of agricultural insurance products, services and policies to manage risk across the entire agricultural value chain.

“These products will compensate agriculture investors in the advent of an event which may adversely affect their businesses,” he said.

He further stated that new insurance software was purchased and deployed to facilitate the corporation’s operational processes.

“With a view to enhance our visibility and create the necessary awareness among the farmers and Insurance practitioners; we engaged the services of a branding firm to conceptualize and design the template of our communication strategy.

“Comprehensive review and overhaul of our business operational procedures has been concluded.

“The end result is the achievement of a standardised delivery model that has greatly reduced the turnaround time in our business transactions.

“The new business model will surely ensure service excellence, customer satisfaction and competitive pricing of our products and services,” he said.

The managing director explained that the corporation has invested in human capital through training and job improvement programmes in order to increase efficiency.

He also said that NAIC has improved its staff skills and their knowledge on modern risk management, especially as it relates to agricultural risks across the country.

Opadokun added that the Corporation also has the licence to underwrite non-agricultural related risks such as Motor, Fire, Marine, Goods in Transit, Bonds, including Micro- Insurance.

“We, therefore, passionately appeal and solicit for all Insurance brokers support and patronage as we drive the new NAIC to the rightful position that it rightfully belong.”