AIICO Insurance Plc, one of the nation’s risk underwriting companies, has commenced agriculture insurance business as a strategic option of enhancing its share in the rapidly evolving risk underwriting market space.
The latest step of the insurance company followed its recent approval granted by the National Insurance Commission (NAICOM) to underwrite risks in agricultural sector of the economy.
The company has expressed its competencies to provide cover to Nigerian farmers at all levels, as well as investors looking to tap into the huge potential of the sector, through its value-based insurance propositions.
Commenting on the company’s readiness to play leading role in the agricultural sector risk underwriting market , the Managing Director, Mr. Edwin Igbiti, explained that the industry regulator’s “approval underscores the Regulator’s confidence in the Company’s capacity and competence to support the Agricultural sector”.
Igbiti assured farmers and other stakeholders in the sector that the company possessed all the technical and other skills to ensure that its clients are not exposed to the high degree of risks arising from natural factors like weather conditions, pests and diseases and other environmental forces.
AIICO Insurance Plc commenced operations in 1963. It provides life and health insurance, general insurance, investment and pension management services in order to create and protect wealth for its customers globally.