Law Union & Rock Insurance reviews growth strategy
… Gets BBB+(NG) rating
LAW Union & Rock Insurance PLC, has reviewed its business strategies, systems and processes in order to meet immediate and long term goals of the company.
In a statement by the Managing Director/Chief Executive Officer of the company, Jide Orimolade, said “Our customer-centred strategy is to ensure long term growth through policyholder satisfaction and prompt response to changing market needs. He also mentioned some of the key focus areas to include “product innovation and customer service”.
In another development, Law Union & Rock received a BBB+(NG) rating on Claims Paying Ability (CPA) by Global Credit Rating Co, a South African based credit rating Bureau.
Speaking on this rating, Orimolade said “Prompt claims payment to our customers remains our topmost priority and our simplified claims settlement process and prompt service delivery made this rating by GCR possible and this has really encouraged us to do even better”.
Law Union & Rock PLC is a major Underwriter of Motor, Fire, Oil & Gas, Marine and other classes of insurance in Nigeria and has been solidly on ground for over 63 years.
The company is also known for financial stability, underwriting expertise and experienced management team.