lEI partners FADE on desert encroachment in Kano State TNTEItNATIONAl Energy lIruur.mce demorutrilfed to all Nigerians that It Is a true' frlemfof thl! environment and real preserver of the eanh. In partnership with FADE (Figh t Against Desen En~hmt:nt~ organiSt:d a prize RMng ceremony on tree pl.mtlng competition for secondary schools In Kaoo State. Thl! idea, according to the company, is to ~ a ~nefil donal message of creaong sustainabili~ as well as sensitise them on the: need [0 preserve the environment through tree planting. TIlt: t:vent Glme on the heels of the United Nations Day on dtseniflcado~
A day the entire work! focuses on thl! impact of desen encroachment disrupts Ufe, where It beromes so difficult to culdvatf: fanning, llve-stock, lITigation, and other anivities towards sustenance. care for the environment is ar LIle hean of lEI, that is why in 2004, the company first j)!Innered with Dr. Newton Jlbunoh by embarking on rree. planting campaign In the remOle village of Makoda, in Kano SloUe. This village is Just mill'S away from the Sahar.l desen, Vlere desen encroom.. ment isa real wue to this community and others within the
region. various Iype5 of trees were planted, rekvant to the neros of tht: communities. The IEl wall of trees, seemingly puny linle s«dlings then, have become hard woods, sand and wind breakers. Fruit trees were also p\a!lt· «I [0 providl! sustenance for the people. In a bid to reward the sec· ondary school students for Lhdr ~at efforu in thl! fight against desert encroachIm'nt. the company in [onjunct:lon with FADE. used the UN World !ksertiflc;uion Day as a prize giving ceremony 10 the vari· ous secondary schools. The t:vent was held at the Emir's Palace in Kano. Prizes like laptops, computer accessories, pro)t'CtOTS. GlSh and olhervery attractive gifts were given. IEl has ~n an act:lvr C'XectJ. (Or of IThlny eco-investment Initiatives thai havt: impactrd on the Nigerian society and life. In 2009, lEI sponsored the "'Going Grem~ programme on the cable News Network, CNN. The first insur.mct:[ompany round Ihe globe' 10 do so. It was CNN's environment conscious initiative. The programme spotUght is designed toaddress LIle issues of the ec~em. divers pollutions and global WilfTTling. The
problem of global wannlng has led ttl lntl!r\SC melting oT the polar region, which culm" nates Into SI.'.1 rise ~lting 10 flooding of coastal settlrmenlS, poor agricultural output due to 1f!t'KUlar "'lnfa1~ depletion of ozone layu, which also leads lO ultra violet ",diatlon. according 10 ~peru. The programme Inspiro chailenge towanis renewable energ}\ a depanure from tor.aI dependence: on fDSsll . fuel lEI had exrUldcd its phllanthroplcgesrure lO the needy in tJle basketball fraternity where twelve nuxlem ~ket0011 wheelchairs wm' donated to the Nigerian Wheelchair Baskel Ball AssoCiation.
the human resource Is the most va luab le asset of Ihe orpnisation.
'Todays buslnl!SS is knowlSO you need to mm and reualn your manpower 10 bt' able 10 compete globally having S«II that the world has berome a global vii· Iage. As II Is today, mere is no diH'ert:nce Mlween those of us operating in Nigeria and our counterparu In london, if we are able to drive our knowledge some where dose to thl!ir ~inL Therefore, we need this funding to improve on our bottom line,~ hI! stat· ed~NinVl'n,
Niger Insurance Pk was Inidally established as Yorkshire Insurance Company Umlted in 1961. It Is flOW a fully privatised Composltl! Insur.mce Company quotrd on the floor of Nigerian Stock Exchange. Niger r.nks a mongst the flnandaJly solid first genera· tion Insuranct: companies
WIth an asset base of over N15 billion. In spite of the global meltdown, in 2010, NIgl!r Insurance successfully maintained It COI"t' operations of risk IJeJringand claims settlement due 10 its financial stability and oprrational emden-
PUBLIC NOTICE NIA CUSTOMER COMPLAINT BUREAU THE NIGERIAN INSURERS ASSOCIATION (NIA) TAKES THIS OPPORTUNlTY TO INFORM THE INSURING PUBLIC THAT THE ASSOCIATION HAS ESTABLISHED A CUSTOMER COMPLAINT BUREAU TO
Niger InSllr.lnce paidcialnu ofNlbilllon in 2009 represent· Ing 15yer cent incrrase from 2008 ligUres. and generated iI premium income or over N6.6 billion representing 25 per ct:nt increolSl! from 2008 fig·
RESOLVE DISPUTES BETWEEN INSURANCE COMPA-
Underwriting profits rose from N2.4 billion in 2008 to Nl.4 billion In 2009 rep~ Senting over 40 per cent Increase. Consequently, the insurance outfit has con tin· ued to sustain customers' confidence OVf' r the years.
THE BUREAU, WHICH IS AN INDEPENDENT BODY. IS
Japan disaster poses high risk to eurozone insurers "TliE European CenmJ Bank J. saJd on Wednesday that thl! March earthquake and tsunami disaster In Jayan could "materially impair" the solveocy of eurozone Insur· ers due 10 an upected Incruse In Insured losses. "Some euro area insurers' earnings are likely ro be a ffected by large losses caused by natural Gltastroes. In panicolar the apanese eanhquilke In 2011," tht: ECB said in its biannual ftnandal stability review in the 17-natfon eurozone_ The ECB noted the risk of losses caused by the Japanese disasterC'Xceeding projea:ion due chiefly to difficulty in assessing InSUfilDce. daims reialld to bUSiness interru~ tlon losses nOf only in Japan but across the globe, saying. "many elearonics factories. car manufacturers and 011 reflneJies had to stop production." Italsosald that losses from the Japanese disaster are · compfex to estimate as dam-
NIA HOUSE, 42, SAKA TINUBU STREET, VICTORIA ISLAND, P.O. BOX. 9551, LAGOS. TEL: 234-1- 7743813,8043840, E-mail: email@example.com Website: www.nigeriainsurers.org
]nternationai Energy Insuranct: Pic (18) is a living proof of the saying LIlat sue· cess is nOl counted in years" but by Ihe number of soUd corporale achit'VWlents in a given period ]t is thUt'fore iI remarkable story thai lessthan 10 fleetingye.arsafter. when many orsanlsatlon would be struggling with teething pmblemsJEI IsshootIng straight up likr: a ml!reor, giving a dear signals that the game changl!r has arrived the Insurance market o f the West C~st of Africa.
Niger pledges improved services to customers "TliE management of Niger J. lnsurance Pic is constantly str.uegtsing on how to render improved services to its teem· ing customers, the company's Managing Director, Jusrus Uranta has said. speaking on deve.lopmem5 lhat horos taken p lace in the company recently, Uranta disdosed thatlhe underwriting flnn has redeployed Its erstwhile Corporate Affairs Manager, Tony Ojeme back 10 the saml! posillon because the insw-er is always lOOking for ways 10 satisfy all itsnaKeholders. Olemc was mo...e:d to head anolher depa,nmt:nt in the organisation ft:o.v years ago to put Ihe depanment on a snong foodng. and now hay.. ing completW the assignment, he was returned back 10 the Corpofilte Affairs Deparrmcnt. Uranta explained that the company has to embark on restructuring exercise so as to ensure that the customers get qualitative services from the Insurance finn at aU times. HI! also said the company's IThln· agemem appreciates the fan that Niger Insurance is In business primaJiI~ to meet the needs and SilIiSIy the aspirations of Its esteemed policyholders. 8esldl!S, he saki, the Insurance outfit will always striV(' to ensure thill the shareholders keep getting better rerurns on (flefr In~ent on a timely basis. Ufilnra lunhersaid thai the Income being generated by thl! insurance outfil at the mome.nt justifies Its capital base, pointing out that unllkt: some operators, who are in the habit of shying away from research, becaUSt'lt reqwres a lot of ~dJng. Niger Is always spending a IOl of money on product research so as to satIsfy lIS customers. He added that the company has a colley to (rain and
NIGERIAN INSURERS ASSOCumON
age was not only caused dIrectly by the earthquake. but also indirectly via fires and nuclear power-related
NIES AND THEIR CLIENTS.
HEADED BY RTD. JUSTICE ADESOLA OGUNTADE, CON, WILL ENSURE SOUND, FAIR AND PROMPT RESOLUTION OF DISPUTES IN AN AMICABLE AND ACCEPTABLE MANNER.
THE PRINCIPAL OBJECTIVE OF THE lN1TIATIVE IS TO
ibe potentlallnsured 1os$es resufting from the disaster at the Fulrushlma nuclear tadlities are particularly dim. cult to assess,-It saJd, dtlnga possibility of the Japan disastrr Ming the costliest quake for insurers In hlstOiY. As foreumzone reinsull!lS, the ECB said catastrophiC eve:nlS durlng2010 and so far In lOIt haVf' aused severe losses. significantly reducing capItal reselVes for some of ",,,,,-
·A1though t:heyare~ed to be able to withstand the losses, some might need to bolster their capital pos... Dons, in particular if further severe catastrophic ev\!nts wen to occur duJing the mnainder or 2011,· the bank said. adding that they would sufft:c ~e-I~ in
of a high level of activity duro Ing the20u the Atlantic humcanl! season.
CLAIMS. MEMBERS OF THE PUBLIC ARE ENCOURAGED TO SEND THElR COMPLAINTS TO: THE CHAIRMAN. Nlll CUSTOMER COMPJUNT B1IREl!.U
c/o NIA HOUSEl 42, SARA TIN'UBU STREET, VICTORIA. ISLAND I P. o . BOX, 9551 , LAGOS.
TEL: 234·1- 7743813 , 8043840, E-mail: complaint@ nigeriainsurers.org Website: wwwnigeriainsurers ·org