In its determination to plan effectively for the post-consolidation era, Niger Insurance has embarked on branch expansion. According to Clinton Uranta, managing director of the company, its branch network has extended to Enugu, Yenogoa, Akure and Port Harcourt.
Uranta, who said that Niger Insurance is striving hard to meet the expectations of its shareholders disclosed that its shareholders funds rose from N2.1 billion in 2005 to N5.5 billion in 2006.
The gross premium income also rose from N2.3 billion to N3.1 billion while total assets went up from N8.5 billion to N11.2 billion during the period under review.
Having successfully recapitalized, Uranta disclosed that the company’s major focus is now strategic alliance, expansion of branch network and human capital development.
