Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has unveiled its insurance subsidiary in Nigeria, called Stanbic IBTC Insurance.
The launch of the insurance brand followed regulatory approvals as well as the issuance of a license from the National Insurance Commission (NAICOM) which granted the new entity the right to commence its business operations.
Speaking at the launch of the new business, Akinjide Orimolade, Chief Executive, Stanbic IBTC Insurance stated that the new business will continue in the vision and tradition of the Group through the provision of innovative and customer-friendly insurance products.
Stanbic IBTC Insurance has developed a variety of simple Life insurance products that will address the unique insurance needs of its customers. It will also facilitate long-term insurance for individuals by offering them innovative and seamless insurance solutions that can be accessed electronically with ease. This means that consumers will be able to purchase insurance products, make timely claims submissions quickly and efficiently from wherever they are.
