Insurance Firm Requests NAICOM’S Approval To Underwrite Travel Insurance

By Clement Alphonsus

To extend the financial safety net for both domestic and international travellers, Guinea Insurance Plc have requested for regulatory approval for travel insurance to mitigate risks in the aviation sector.

At a press conference in Lagos, the Managing Director/Chief Executive Officer, Ademola Abidogun, said: “We have a very strong board and workforce that is made up of accountants, lawyers, and other professionals with a strong business experience working together to ensure we are where we are today.”

Abidogun said the underwriter has invested so much in staff training and acquisition of technology that will enhance the performance of the organisation.

“We are also getting new businesses from brokers such as marine insurance for example. This segment is also growing even though there have been a lot of challenges in the areas of dollars and importation. Our oil and gas business portfolio has also picked up because people are very passionate about insurance,” he said.