AXA Mansard Promotes SMEs in Nigeria; Launches Business Insurance Plan

Wednesday, March 31, 2021 / 12:12 PM / byAXA Mansard / Header Image Credit: businessday.ng

In line with company's strategy of fostering the growth of Small andMedium Enterprises in the country, AXA Mansard Insurance PLC, a member of theAXA Group and global leader in insurance and asset management, wishes toannounce the launch of its 'Business Insurance Plan'. The official launch ofthis product took place on the 25^th of March2021 at AXA Mansard's office at Ozumba Mbadiwe Road, Victoria Island.

The BusinessInsurance Plan (BIP) is a one-stop insurance solution that addresses thebusiness risk exposures of small and medium enterprises. It is a pot-pourri of highlybeneficial insurance risks management solutions bundled together. These solutionsinclude Business Content, Group Personal Accident, SME Life, Health Care,Public Liability, Optional Covers, Professional Indemnity, Comprehensive Motor,Stock and General Conditions.

Every business comes with a certain amount of risk. Although pitfallsand challenges cannot be avoided, but they can be mitigated with the properprecautions, planning, and Insurance coverage. These risks and pitfalls arewhat the Business Insurance Plan seeks to address.

The BIP is available for purchase seamlessly on the company's transactionwebsite. www.axamansard.com. Purchasescan also be made through sales agents and at any of our offices nationwide.

Speaking at the event, the ChiefExecutive Officer of the company,Mr Kunle Ahmed stated, "Ouraim is to deliver the appropriate solutions for small to medium enterprisesat a competitive price. It is our expectation thatthis product will enable the SMEs hedge the risks they face and focus on strategizingand growing their businesses knowing that they are protected."

With 17.4 million SMEs in Nigeria, the role they play in the growth& development cannot be overemphasized. They are a significant force inreducing unemployment and accelerating GDP growth. We are therefore very excitedto be able to provide this innovative solution that ensures they continue tothrive.

The Chief Client Officer, Mrs Rashidat Adebisistated that "the driving force behind the development of this product is AXA'spurpose which is to "Act for human progress by protecting what matters". AtAXA Mansard, we care about people and their businesses, therefore we constantlylisten, think and innovate."

AXA Mansard is registered as a composite company with the NationalInsurance Commission of Nigeria (NAICOM). The Company offers life and non-lifeinsurance products and services to individuals and institutions across Nigeriawhilst also offering asset/investment management services and health insurance solutionsthrough- AXA Mansard Investments Limited and AXA Mansard Health Limited respectively.The parent company was listed on the Nigeria Stock Exchange in November 2009.