Afrigather 
Worldwide Power Insurance coverage (IEI) Plc, after its acquisition by Norrenberger, an built-in Monetary Providers Group, is now positioned for progress. That is starting to replicate in its share worth, which started an upward trajectory previously weeks.
With the brand new managing director’s appointment and five-year progress plan, IEI is ready once more to take its rightful place within the nation’s insurance coverage trade.
In line with the corporate, varied measures are to make sure that correct steps are in place for income mobilization for operations, value optimization, and environment friendly methods for the wholesome operating of the Firm.
Olasupo Sogelola possesses twenty years plus expertise supporting group-wide government achievement in Technical Operations, consisting of Underwriting, Claims and Reinsurance and as much as 40 p.c progress in income YOY by way of advertising and enterprise improvement methods to drive income progress. He ensures one hundred pc retention of key enterprise accounts.
Commenting on the appointment, Anthony Edeh, group-managing director of Norrenberger, welcomed Olasupo Oladeinde Sogelola into the Norrenberger household and said that his expertise, tradition, and need make him an ideal match for Worldwide Power Insurance coverage Plc.
He stated Olasupo has the complete assist of the Board of Administrators.
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Sogelola commenting on the acquisition of IEI Plc reaffirmed his delight and dedication to steer the strategic path of the Firm to the following stage.
He stated Norrenberger had held varied engagement conferences with the representatives of the retail shareholders in addition to different stakeholders in direction of repositioning IEI Plc.
He reaffirmed the dedication of the brand new homeowners to increase and strengthen the enterprise fashions of IEI Plc and to enhance its options and repair distribution to its purchasers throughout the nation.
A part of the efforts to get the corporate’s clients again he famous was settlement of excellent claims in extra of a billion naira.
As a primary step within the post-acquisition of IEI Plc, the Firm carried out an Annual Basic Assembly (AMG) whereby members of the Firm accepted the next: (1). 5 Years, Audited Monetary Statements, (2). The appointments to the Board of Administrators have been ratified and (3). According to the Corporations and Allied Issues Act, 2020 the assembly reconstituted an Audit Committee for the Firm.
The Firm has filed its 2021 Audited Monetary Statements with all its Regulators according to its itemizing obligation. In the identical vein, the Administration Accounts for the First, Second, Third and Fourth Quarter, 2022 have been filed with the Regulators.
We’re hopeful to obtain the approval of our major regulator (NAICOM) for the submitting of our Audited Monetary Assertion for the 12 months ended December 31, 2022, on time to allow us to file it with NGX and the Securities and Alternate Fee inside the stipulated statutory time-frame.
