The Lion of Africa - Insurance Company LTD

The Lion of Africa Insurance Company Limited

OUR COMPANY

- Our Origin
- Our Culture of Service
- Our Corporate Values
- Our Service Charter
- Our Track Record
- Our Product Mix

SERVICE INFRASTRUCTURE

- Human Capital
- Our Financial Strength
- Ownership
- Technical Back-up
- Intermediaries
- Bankers

MANAGEMENT STRATEGIES

- Our Process
- Information Technology
- Underwriting Strategies
- Customer Base

CLIENTS

CORPORATE GOVERNANCE

THE BOARD

MANAGEMENT TEAM

SERVICE INFRASTRUCTURE

Human Capital
Our greatest asset is the quality of our workforce. We have a pool of highly qualified, well trained, experienced and motivated staff comprising scores of professionals across the relevant fields of insurance, accounting, law, business administration and information technology. Our staff enjoy the best of training development programme necessary for continuous customer service.

Our Financial Strength
The financial strength of an insurance company is a critical success factor to passing the "litmus test" of good service i.e. the ability to settle genuine claims in the shortest time possible. We pride ourselves in this strength. The Company is recapitalized in line with the statutory requirement of the federal government of Nigeria through the National Insurance Commission (NAICOM). Our success in over 50years of providing tested and proven services to Nigerian households, business and government organizations, is based on a dynamic financial strategy. Our financial management strategies are driven by our commitment to meet customers' needs for early settlement of their claims and maximizing the after tax returns on our investment while maintaining working capital at an appropriate level. We make deliberate efforts at maintaining the growth of the Company at a sustainable level while offering highly competitive remuneration to our workforce.

Ownership
Our shareholder-base is well diversified, and includes a set of result-oriented and supportive institutional investors who have maintained their commitment to back up the Company at all times. We manage our relationship to retain their support.

Technical Back-up
Right from the days we had relationship with Guardian Royal Exchange of the United Kingdom, both as majority shareholders and re-insurers; we have continued to enjoy strong technical back-up from leading foreign local re-insurers. Our foreign re-insurers are Munich-Re, Swiss-Re and Africa-Re complemented by local re-insures such as Nigeria-Re, Globe-Re, Universe-Re and Continental-Re.

Intermediaries
To support our marketing outreach, we are in partnership with a network of highly acclaimed professional and experienced firms such as insurance brokers, consultants and agents.

Bankers
With the support of some first generation banks, complemented by other well regarded Commercial Banks, Merchant banks and Discount Houses, we are always assured of the high degree of financial flexibility that insurance services require.