By Ngozi Onyeakusi—Brokers under their umbrella body, the Nigerian Council of Registered Insurance Brokers (NCRIB), Lagos Area Committee has commended Coronation Insurance Plc’s strong financials mostly its Total Assets which records N43bn.

Addressing brokers today at their September 2023 general meeting sponsored by Coronation Insurance Plc, the Managing Director, Olamide Olajolo, noted that the firm which had proudly concluded its recapitalisation exercise in line with National Insurance Commission NAICOM directives has grown its shareholders’ fund to N26 billion.

He equally disclosed that Coronation General Insurance assets stood at N29 billion, while its shareholders’ fund N17 billion and closed business in 2022 at N13 billion.

Olajolo pointed out that Coronation Insurance had been known for its sound corporate governance adding that every operations of the firm is guided by that even as he assured that the firm has robust risk management structure and triple A ratings by Augusto & co.
He equally assured said the firm settles processed claims within 48 hours

Speaking further, he hinted that Coronation Insurance as digital savvy company has over the years invested heavily in technology and infrastructure.

Earlier in his presentation, the President of NCRIB, Rotimi Edu said that theme of the meeting which is ” Taxation in the New Dispensation, As it affects Insurance Broking In Nigeria” was apt. He urged brokers to always fulfil their tax obligations.

He commended Coronation Insurance Plc for its impressive financial performance as well as playing host of the meeting.