group picture of management of staff of Provident Insurance Company Limited.
group picture of management of staff of Provident Insurance Company Limited.

Mr Atom Ewusie Wilson, Acting Managing Director, PICL said the branch is expected to offer quality services to all who goes to do business with the Company.

group picture of management of staff of Provident Insurance Company Limited.
group picture of management of staff of Provident Insurance Company Limited.
He therefore charged the personnel who would work at the office to strictly observe the core values of hard work, truthfulness to client, clean environment and strong work ethics.

He said opening the branch is the outcome of prudent decision taken by the Board of Directors of the Company with approval by the Regulator, the National Insurance Commission and falls within the corporate objective and strategy of opening offices that can be viable to offer services close to the doorstep of clients.

Mr Ewusie Wilson noted that the Company’s stated capital is now GH¢ 5,400,000, which meets the industry stated capital requirement, total equity is GH¢ 37,777,935 as at December 2015 and total assets of GH¢ 55,080,340 as at December 2015.

He said: “Indeed I can say that at almost 34 years of providing’s existence, our assets and overall investment base is quite formidable and therefore very safe to do business with us and as you know with Provident, man you are covered.”

He mentioned areas like Accra Newtown, Kotobabi, Alajo, Achimota, Dome-Kwabenya, Abelenkpe Roman Ridge, Nima, Airport as well as DVLA offices in 37 and Achimota as areas the branch would specifically serve.

Mr Oliver Akubia, Chief Operating Officer (COO), PICL told the GNA in an interview that it is necessary to open the branch because most of the companies clients have complained about how difficult it is to access the office in Kwame Nkrumah Circle due to traffic congestion.

He said the Company therefore thought it necessary to bring its product close to them to access especially to enable quick processing and payment should any of the customers experience a claim loss.

Mr Akubia said the Company pays claims promptly and also offer services of risk management advice apart from the services standardised for insurance companies.

“This is because in the event of a loss, whether take it or leave it, it may take some time for a claim to be paid and during that time, one may lose even much. Therefore we give advice on how to manage your assets including proper housekeeping.”

The COO noted that the Company’s future plan is to consider areas that have not been looked at by other insurance companies like travelling insurance for different categories of people including sports men and women.

Source: GNA/News Ghana

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