Corporate Focus

QUOTE

“Some of the insurance products which Adaobi and her Heirs Insurance have succeeded in reshaping thereby making them more customer-friendly include Third Party Motor, Flexi & Comprehensive Motor, Home Protect, Tenants insurance, Personal Accident as well as Fire & Special Perils insurance policies. Part of the work plans of Heirs Insurance under Adaobi is to ensure that business proposal forms are completed within five minutes while payment of genuine claims are settled within 24 hours”

Adaobi Nwakuche and Heirs Insurance:

Setting new standards in insurance business

William Shakespeare in the book; Twelfth Night challenged the ingenuity of men when he said “be not afraid of greatness: some are born great, some achieve greatness, and some have greatness thrust upon them”

Dr. Adaobi Nwakuche is one of the many insurance professionals in Nigeria’s insurance industry who had desired greatness in their chosen profession and she had set out early in her career to accomplish this feat. This, she has done through the dint of hard work laced in her dedication to the principles and practice of insurance which is one of the few professions which strive to ensure the existence and survival of other professions and businesses.

It is only but a handful of business technocrats and professionals in Nigeria, if any that is, that expressed surprises at the choice of Dr Adaobi Nwakuche as the frontline manager at Heirs Insurance Limited, the newest and perhaps the most charismatic insurance company in the country considering the loud applause which greeted Tony Elumelu’s choice of Adaobi as the Managing Director and Chief Executive Officer of Heirs Insurance even though in an acting capacity. Tony Elumelu who is the chairman of Heirs Insurance Limited is desirous of building Africa’s global insurance brand as is with the bank and Adaobi is the pick for accomplishing this mission, courtesy of Heirs Insurance Limited.

It was said in The Ladder of Saint Augustine  that “the heights by which men reach and kept were not attained by sudden flight, but they, while their companions slept, were toiling upward in the night”.

Adaobi and her Heirs Insurance Limited are in a hurry to set new standards in insurance business. From the official unveiling of the company on June 1, 2021 to the presentation of the company to insurance brokers on Tuesday, July 6, 2021, the company succeeded in enthroning itself as a hybrid insurance institution with the determination to challenge tradition.

Adaobi says that “Heirs Insurance is a general insurance company challenging traditional insurance by providing simple and accessible protection for vehicles, homes, business and more. We are a team of professionals who believe that there is a simpler and better way to do insurance.

“At Heirs Insurance, our simple and affordable plans offer comprehensive protection, shielding you from the anxiety associated with risks and the despair from losing cherished assets and property.

“Our service is built around our promise to you—we promise to always listen, to maintain an exceptional client experience and to act swiftly when you need us”.

For those who understand and indeed appreciate insurance as an issue of trust and integrity, Adaobi appear to be saying that Heirs Insurance Limited is the place to go. Be it for assets protection, investment decisions and or risk management advise, Heirs Insurance and its managers say that they will always be there as a prime choice.

Some of the insurance products which Adaobi and her Heirs Insurance have succeeded in reshaping thereby making them more customer-friendly include Third Party Motor, Flexi & Comprehensive Motor, Home Protect, Tenants insurance, Personal Accident as well as Fire & Special Perils insurance policies. Part of the work plans of Heirs Insurance under Adaobi is to ensure that business proposal forms are completed within five minutes while payment of genuine claims are settled within 24 hours.

“We are on a mission to democratise insurance and make it accessible to any and everyone. To achieve this, we paid careful attention to the needs of every customer across all the social circles, while building our products. We are pleased to say that we have simple and affordable insurance plans for everyone and we are confident that with the support from NCRIB, we will deliver on our promise of excellent service delivery to the public”, she said.

With a paid up share capital of N10 billion and reinsurance treaty provided by some of the most functional reinsurance companies in the global insurance market, Adaobi says that the business environment is just too good for Heirs to provide a safe and mutually beneficial insurance undertaking.

Although the chief executive officer of Heirs Insurance Limited is not known to occupy the back seat but she had maintained a low profile of recent until the recruitment consultants working for Heirs Insurance insisted on having her as the Managing Director or no one else. Her portfolio of excellent work experiences, particularly in the insurance sector has ensured that her name is always ahead of her as testimonial.

Adaobi who is a professional with a PhD in Insurance, Risk Management and Corporate Governance started her insurance career at Standard Alliance. The company retained her services after her one-year mandatory National Youth Service Corps thus beginning a refreshingly rewarding career in insurance. She grew to become the company’s General Business Group Head.

She later migrated to become a Deputy Director at Staco Insurance from where she joined Equity Assurance Plc as its Executive Director in 2013. Her quest for greater heights saw her closing ranks with Heirs Insurance Limited in 2016. With this work record which totals almost 20 years of active experience within the insurance sector, she can be said to be good to go as a successful manager of men and resources. Adaobi combines brain, beauty and professionalism in fostering a successful career. She is a graduate of Government and Public Administration from the Abia State University with a Masters’ degree, in Business Administration from the Enugu State University of Science and Technology and a PhD in Insurance, Risk Management and Corporate Governance. Simply put, Adaobi  and Heirs Insurance are set for a win-win situation in what looks like a mutually beneficial relationship