From the GMD's Desk
On behalf of myself, my management team and all the staff at Royal Exchange, I welcome you to the Royal Exchange web portal!!
Having commenced operations in Nigeria in 1918, we are justifiably proud of our heritage and we are equally excited about the path we have chosen to follow into the future. Our strategy moving forward is to constantly re-invent both ourselves and our products to ensure our relevance to the markets in which we operate.
In 2008, the general and special risks insurance business was demerged into a wholly owned subsidiary, Royal Exchange General Insurance Company Limited, whilst the life assurance business was transferred to another wholly owned subsidiary, Royal Prudential Life Assurance Company Plc. Two additional, wholly owned subsidiaries, were opened at the same time - Royal Exchange Finance and Investment Limited which offers niche based financing facilities and solutions and Royal Exchange Healthcare Limited, which offers a wide range of healthcare insurance products. In addition to the above, Royal Exchange also offers wealth and asset management services based upon the many years experience managing an investment portfolio valued at more than N10.0 billion. Trusteeship services are also available at Royal Exchange and is an area where we have more than 40 years experience.
In early 2009, we also received agreement in principle from the Central Bank of Nigeria to establish a microfinance banking operation and which will be fully operational by December 2009. This a significant step in our quest to maximize our value chain, improve our customer service and introduce convenience into all our service delivery systems and processes. Indeed, this web portal will also be constantly improved upon to ensure a high level of interactivity between ourselves and our customers to improve convenience, service response time and accessibility.
We have also just recently launched a GSM based premium payment solution, which allows our customers to activate insurance polices and pay their premiums using our scratch cards. This is another first for us as well as the insurance industry in Nigeria. Initially, only four life products are available on the platform but very shortly all our life, general and healthcare insurance products will be added.
Please feel free to browse our portal and get to know Royal Exchange and its very wide range of products and services. Enjoy!!!
We are tried and tested. We build enduring relationships. We are.....
ROYAL EXCHANGE Plc
Regards,
Allan Walmsley
Group Managing Director |
Mr. Allan Walmsley
Group Managing Director |