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Breaking News | Universal Insurance Takes Keke Pass To Abuja

Views: Visits 10 Universal Insurance Plc has taken its  ‘Keke Pass’  campaign to Abuja as part of efforts to safeguard the lives of tricycle (popularly called  Keke  in Nigeria) riders and their passengers in Abuja. Speaking at the event, the Managing Director/ CEO, Universal Insurance, Mr. Benedict Ujoatuonu, said the product became necessary because the conventional insurance products does not take into account the peculiarities of ordinary Nigerians. READ ALSOPSN dissociates self from call to legalise Indian Hemp Ujoatuonu said: “Keke Pass  is  Keke  Passenger Assurance Safety Scheme and it is intended to provide some personal accident cover for the riders and their passengers in terms of injury, death and third party liability while riding their  Keke. Beyond the unique benefits this product provides for the riders, it makes it affordable because it is cheaper. It is also very flexible. This is because we are dealing with people in the lower cad

Cornerstone Insurance reports 47% profit decline

Punch Newspapers Sections Published 17 May 2021 Cornerstone Insurance Plc has reported a profit after tax of N2.19bn for the financial year 2020, down by 47 per cent from N4.11bn in 2019. The company said its profit before tax fell by 56 per cent to N1.77bn last year from N4.01bn in 2019. Its gross premium written, however, increased to N17.54bn in 2020 from N13.06bn a year earlier while its gross premium income rose to N15.72bn from N13.29bn, according to its audited financial statements released on Sunday. Its claim expenses increased by 29 per cent to N3.96bn last year from N3.07bn while underwriting expenses rose to N2.18bn from N1.99bn.

Universal Insurance launches cover for Keke operators

Vanguard News Universal Insurance launches cover for Keke operators On By Rosemary Iwunze Universal Insurance Plc has unveiled personal accident cover called ‘Keke Pass’ for tricycle operators, also known as Keke. According to the company, Keke riders are important transport operators in Nigeria as they provide alternative transportation for people and goods when the need arises. Consequently, they said, Keke Pass plan was uniquely designed to provide cover for personal accident to the insured rider. Commenting on the product, Managing Director/CEO, Universal Insurance, Mr. Benedict Ujoatuonu, said that Keke Pass is targeting the numerous Keke riders in the country.

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