Underwriting firm unveils Anchor Loss of Employment Scheme

Anchor Insurance Company Limited, one of the vibrant Non-Life insurance has officially launch its innovative insurance product; Anchor Loss of Employment Insurance scheme, popularly refers to as AnchorLoEIS in Lagos.

The chairman, Board of Directors, Anchor Insurance Company Limited, Dr. Elijah Akpan revealed that Anchor Insurance Company Insurance is well known for its innovation and creativity in providing tailored made insurance product to the yearnings of the insuring public. In doing this, we have equally partnered and collaborate with some forward looking organizations to develop a uniquely and refreshingly brand new product for our company and the Insurance industry.

According him, we have an important opportunity to address a real kitchen table issue for families to protect employees employment income and in doing so to provide a measure of financial stability to millions of Nigerians who may be laid off in the most difficult economic time.

Delivering her opening remarks, the chairperson of the occasion, the President, Lagos Chamber of Commerce and Industry, Dr. Nike Akande, said that “The Lagos Chamber of Commerce and Industry has over the last couple of years collaborated with insurance sector to promote and advocate for the best policies and practice that would be beneficial to the insuring public and our economy at large”.

She explained that “Anchor loss of employment insurance scheme is a welcome development as it seeks to protect employees from unforseen circumstances especially as it relates to job losses. This initiative is commendable and will go a long way to provide succor and wide cover for employees that are vulnerable and also stabilize the economic wellbeing of employees and indeed the country”.

She enjoined the media to see to it that this product is given a wide coverage and reportage to ensure that nook and crannies of this great country Nigeria hear and is aware of this unique product. “This is your noble contributions to the economy of this country”, she submitted.
In his keynote address, Dr. Adebayo Musa Obalola, a Senior Lecturer, Actuarial Science and Insurance, University of Lagos, pointed out that Insurance cover is essential for everyone to have as it is a plan to cover an expected eventuality which at the end might not occur.

However, he pointed out most people always seek compensation for what their insurance does not cover and advised that the insuring public should seek to understand the terms and conditions of their insurance policy.

For his closing remarks at the launch, the Managing Director of the company, Mr. Mayowa Adeduro promised that company will continue to introduce more unique insurance products with outstanding benefits like AnchorLoEIS to the acceptance of the insuring public.

He expressed his gratitude to the Company’s Board of Directors, the Management and staff for their support, services and encouragement towards development, introduction and launch of AnchorLoEIS.

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