Dike said: "Acknowledging the dense competitive environment we operate in, our focus for the future is simply innovation. This will encompass innovation in processes, ensuring simplicity in all areas of the company.
"The uncertainties in the global and domestic economies have introduced additional negative dimensions to the challenges facing insurance companies in
"These uncertainties and challenges have been further exacerbated by the recapitalisation order announced by the
"We are judiciously and diligently working to meet the capital required for our company to continue to operate as a composite insurance company. Our financial advisers,
Also speaking at the AGM, the Managing Director/Chief Executive Officer,
"Consequently, the company was able to pay claims and benefits totalling N1.7 billion in 2019 against N1.6 billion paid in 2018. In 2019,
"These changes were necessary to boost growth, simplify our ways of working, and improve operational efficiency and resilience.
"We now have greater focus, commercial rigor and accountability throughout the organization. These fundamentals will help us build momentum for current and future earnings growth.
"Notwithstanding the economic headwinds and legacy issues facing the company, we are committed to the swift turnaround and transformation of this great company."
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