The Company's affairs are conducted through seven key divisions, namely:
Marketing Division
The Marketing Division is the pivot of IGI's robust and innovative approach to insurance marketing.
Apart from giving the Company the edge in premium revenues, the Division was the first in the industry to introduce Maintenance Marketing services through which it provides unique after-sale advisory services to clients.
Technical Division
The Technical Division provides IGI with its cutting edge insurance underwriting skills. Fully computerized, the division comprises risk management, oil and energy, claims, motor, marine & aviation, re-insurance, fire & accident and contractors-all-risks (CAR)/engineering departments. The Division is the anchor of the Company's product innovation efforts. Some of the new products developed by the division are Environmental Insurance, School Fees Insurance Scheme, IGI Leasecare, IGI Estate Fire Insurance Scheme, IGI Morecare, IGI Estate Comprehensive Insurance Scheme, IGI Integrated Benefits Plan, IGI Dividend Plus Plan and IGI Personal Pension and Annuity.
Life and Pensions Division
This Division provides high quality Life Assurance and Fund Management services to individuals and corporate clients. Apart from being a major premium income earner through its various innovative products, it serves as a vehicle for the payment of the pensions of retirees of several government establishments and private sector organizations in Nigeria. The Division provides quality financial planning services to its teeming individual policyholders, pensioners and corporate clients.
Some of the products of the Division are: IGI Integrated Benefits Plan, IGI Dividend Plus Plan, IGI Personal Pension and Annuity Plus Plan, IGI Multi-Investment Plan, IGI School Fees Policy, Education Endowment Assurance, Mortgage Protection Assurance, Individual Term Assurance, Group Term Assurance, Endowment Assurance, Whole Life Assurance and Deposit Administration.
Corporate &. Legal Services Division
This Division provides high quality corporate back-up services for IGI and its subsidiaries and associated companies. Serving as Corporate Secretariat for the Company, the Division also provides in-house legal services and coordinates the activities of the Administration, Human Resources and Corporate Communications Departments.
The Corporate and Legal Services Division has grown to become a cost saving centre for IGI by providing expert legal advisory and consultancy services to the Company and its subsidiaries.
Finance Division
The Finance Division is structured into two departments responsible for Accounts and Investment functions. This Division is staffed with highly experienced investment bankers, financial analysts and professionally qualified accountants. The diversified investment portfolio and remarkable growth in investment income has resulted from the investment and finance policies initiated and executed by the Division.
Management Information System I Information Technology Division
The MIS/IT Division is responsible for the overall management of our Information Systems and Technology Infrastructure. In addition, the division also manages the data centre which is linked to both internal and external systems. This division is manned by highly qualified and certified personnel both in hardware and software. The division is in the process of upgrading our IT platform to an enterprise wide system that will be able to integrate all processes within the group with multi currency and multi country capabilities.
International Division
The group's International Division is responsible for managing our foreign interests and presence across the globe. The Division is divided into regional and product focus areas. The regional focus areas are: EMEA (Europe, Middle East & Africa), Asia and North America and our product focus areas are Insurance, Telecommunication and Banking. These areas are managed by experienced professionals with years of international experience both in the insurance industry and other investment areas that we are currently engaged in.
VISION
The vision of Industrial And General Insurance Plc. is to be the professional Insurance Company that leads in the provision of the highest standard of Financial Protection and Risk Management Services.
MISSION
We are a company with a global outlook, employing highly skilled and motivated professionals for efficient delivery of excellent services and products which are designed for customer satisfaction and creating wealth for national development. |
