Mutual Benefits to increase sector’s penetration with new technology

Chairman, Mutual Benefits Assurance Plc, Dr. Akin Ogunbiyi. Photo: Nairametrics

An underwriting firm, Mutual Benefits Assurance has revealed plans to increase insurance penetration by taking advantage of emerging technologies to meet customers’ expectations in the new year.

Speaking at the 28th yearly Thanksgiving ceremony of the company in Lagos, the chairman of Mutual Benefits Assurance group, Dr. Akin Ogunbiyi, also promised to offer affordable insurance policies to its policyholders across the country.


Ogunbiyi said that customers should know that ‘we provide value options at different premium levels to enable you to choose the most appealing and affordable.’

He added that, “For instance, for vehicle insurance, we have different premium levels for the third party, the third party-plus, and of course, the comprehensive insurance policy. We have differentiating offerings in each category and therefore fix premiums that will resonate with each segment.”

Mutual Benefits’ customers, he said, are critical partners and that, from time to time, the insurer even absorbs some costs on packages with appreciable discounted anchor prices.

“Our company has been distinguishing itself with services of immense beneficial value and that was why we deservedly adjudged Africa’s Most Innovative Company by the African Reinsurance Corporation. We will always be upfront in doing our best and transparently communicating the intrinsic and extrinsic values of our offerings,” he promised.

Promising that the company will continue to leverage what it does best, he stressed that the firm is transforming brilliant ideas into beneficial values for its highly esteemed customers, employees, and other stakeholders.

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