Guinea Insurance Plc’s gross premium income decreased by 2.05 per cent from N1.20 billion in 2018 to N1.17 billion in 2019.
He said this was made possible by the operational efficiency of its management in terms of people, processes and technology, Ugochukwu said the company during the period under review, written premium of N1.29 billion was recorded, as against N1.24 billion in 2018.On steps taken by the company to beat the recapitalisation deadline, he stated: “We are sure not to be left behind, discussions are ongoing and our preparedness has reached an advanced stage but could not be discussed prematurely. We are also looking the way of merger and the company is in discussion with core investors”.
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