Home   >>   Investor Relations   >>   Financial Information   >>   Our Strategy(Summary Of Strategy)

Our Strategy

In the past years, Wapic Insurance performance has been at the middle of the competitive table. It has recognized that in order to meet its ambitious targets and aspirations, it would need to revolutionalise the insurance industry through simple processes, whilst maintaining its core values – Excellence, Professionalism, Innovation, Sustainability, Teamwork, Leadership and Empathy – in order to achieve our anticipated strategic results

Based on the long term trends identified and Wapic’s competitive position, our strategy is divided broadly into:

Strategic Themes Strategic Results
Customer Experience Leadership Easiest company to do business with
Operational Leadership Getting it right the first time, every time
Financial Leadership Top 2 in the insurance industry by GWP, ROE and total assets
People Leadership Best people in terms of quality talent, engagement and productivity

Our Business

Division Institutional Commercial & Government Individual & SME Bancassurance
Business Focus Focus on large corporates in Nigeria with annual turnovers in excess of NGN5billion as well as businesses of Asian origin (Orientals) Focus on clients within the identified sectors with an annual turnover of >NGN500million -
Provide insurance and risk management services to individual and SME companies across Nigeria
Focus is the Individual and SME customers of Access Bank plc. Including customers of other prospective four Banks
Products & Services Corporate Insurance Services
Commercial Insurance offerings Retain and personal Insurance offerings Retain and personal Insurance offerings