Union Assurance Company Plc says it has obtained the approval of the Corporate Affairs Commission and the National Insurance Commission to formally change its brand identity to Ensure Insurance Plc.
The company said in a statement, “The brand known as Union Assurance Company Plc is now ‘rested’ and in its stead is a selfless, responsive, innovative and ambitious brand now known as Ensure Insurance Plc.”
“Our clients will ‘ensure’ that in the event of an accident, death, loss of property, business interruption, product recall, property damage and all other risks and hazards, which we accept to carry on their behalf, we shall make certain that their claims will be paid and restored in a responsive and selfless manner,” it stated.
The firm said this new brand was coming with a talented team of insurance practitioners and experienced personnel drawn from the Nigerian and global firms such as Toyota, Mckinsey and Swiss-Re.
In the quest to be different, the firm stated that it was the first company to secure regulatory approval for a motor product that could settle motor accident claims within 24 hours.
“Ensure is also the first company to offer steep discounts for safer drivers. All female drivers and male drivers above 45 years of age can enjoy an additional 15 per cent discount on their insurance premiums,” it stated.
According to the executive team at Ensure, the insurance landscape will witness a much more competitive and innovative brand in 2016 and insurance consumers will benefit more from buying insurance.