Stanbic IBTC Insurance coverage Brokers educated logistics and provide chain enterprise homeowners on tailor-made insurance coverage options

Enterprise leaders, SMEs, and entrepreneurs gained contemporary insights into danger administration and provide chain safety at a Stanbic IBTC Insurance coverage Brokers webinar just lately, themed “Good Insurance coverage for Savvy Companies: Marine and Items-in-Transit Insurance coverage Defined.”

The digital session make clear how insurance coverage options can function sensible instruments for safeguarding companies in opposition to dangers linked to transporting items domestically and internationally. Discussions centered on the position of Marine Insurance coverage and Items-in-Transit Insurance coverage in decreasing monetary publicity, defending items in movement, and guaranteeing operational continuity throughout Nigeria’s more and more dynamic enterprise panorama.

Delivering her opening remarks, Temitope Popoola, Govt Director, Stanbic IBTC Insurance coverage Brokers, pressured the pressing want for stronger insurance coverage adoption in Nigeria. “Companies face dangers that may come up with out warning. But, insurance coverage sector penetration in Nigeria stays at nearly one per cent, far too low to ensure financial stability. At Stanbic IBTC Insurance coverage Brokers, we’re dedicated to creating insurance coverage extra accessible, fostering a tradition of danger administration, and guaranteeing immediate and truthful declare settlement,” she stated.

Temitope added, “Lately, we efficiently paid a $1.2 million declare to a shopper and prolonged a suggestion of over ₦1.3 billion to a different. Past that, we now have launched a cellular app to allow purchasers to conveniently buy and monitor their insurance coverage insurance policies in actual time. These steps reveal our dedication to constructing belief and guaranteeing that companies can function with confidence.”

The session additionally featured Abiodun Salami, Head, Claims, Stanbic IBTC Insurance coverage Brokers, who supplied technical insights on obtainable protection. “Below marine insurance coverage, we provide three ranges of covers — every designed to guard companies from particular dangers as much as complete danger protection. For Items-in-Transit, we offer two kinds of protection: restricted and all danger cowl. Nonetheless, it’s at all times vital for enterprise homeowners to have interaction with an insurance coverage dealer to establish which protection most closely fits their operations,” he defined.

The initiative reinforces Stanbic IBTC Insurance coverage Brokers’ broader position as a thought chief in company danger administration. By creating platforms for dialogue and training, the organisation continues to bridge data gaps within the Nigerian market and promote insurance coverage adoption as a cornerstone of enterprise resilience.

For extra info on company insurance coverage options and tailor-made advisory companies, the general public is inspired to contact: [email protected] or name +234 (201) 2770 394.