Mansard Insurance grows revenue 27 per cent

Mansard Insurance plc., provider of risk and investment management services  has announced a 27 per cent growth in both Gross Premium Written (GPW) and Net Premium Income (NPI)  in its  half year results for the period ended June 30, 2014.

The company said in a statement that its GPW earnings for the period ended June 2014 stood at N9. 61 billion, up from N7.55 billion in the corresponding period of 2013.

In the same breadth, it declared N4.47 billion NPI, as against the N3.51 billion earned in the corresponding period of 2013.

The company stated that the NPI growth was fuelled by on “back of high retention rate due to retail growth.”

Speaking on these successes, Tosin Runsewe, Mansard’s Chief Client Officer (CCO), stated that the company’s positive “Gross Premium Written growth is driven by growth increased patronage from both institutional and retail clients.”

Source : Independent

Tags: No tags

Comments are closed.