Access Bank group is mulling the idea of having an insurance brokerage subsidiary soon, in a bid to leverage on the insurance market opportunity of $150bn in countries with Access Bank presence, LEADERSHIP learnt.
Speaking at the virtual ‘Access Bank Investors Engagement Forum’ on Tuesday, the group managing director of the bank, Mr. Herbert Wigwe, said, the proposed insurance brokerage would adopt a dynamic and creative approach to provide a value- added insurance broking services focused to meeting customers’ insurance protection needs.
Believing that this development, coupled with the already existing bancassurance relationship between the bank and Coronation Insurance will fast-track insurance penetration on the African continent, he added that, “Access Bank is in partnership with Coronation Insurance to offer insurance products to the bank’s customers, while Access Bank-Coronation Insurance bancassurance is already available in Nigeria and Ghana.
Access, he stressed, has operated a disciplined growth over time, which has been value accretive, allowing the bank to lead on a number of metrics continent- wide, promising to realign for growth through transitioning to a HoldCo to capture continent-wide opportunities and support the international expansion.
Access Bank are now stealing from the poor and call it stamp deduction. How can you deduct 150 in December and in January 100 twice. Is it only access bank that pays for stamp? myaccessbank access_more accessbank_help Covid bank in Nigeria
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