NSIA: non life insurance subsidiaries

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Atlas Magazine is offering its readers a detailed on NSIA Group and its insurance subsidiaries. The latter are gathered in a document including information sheet for each non life insurance subsidiary.

You will find an overview of each company of the group with among others, its main technical indicators, its management, its capital and shareholding.

NSIA Assurances, Côte d’Ivoire

Presentation

Date of creation
1995
Number of employees in 2014
97
Shareholder’s equity in 2014
16 446 092 USD

Management

General manager
Olivier Nébout Keytasso
Finance and administration manager
Guy Koreki Morron
Head of communication de-partment
Jean-Michel Ateby
Direct business development manager
Delphine Diby Koffibra
Brokerage manager
Hélène Asquet
Health manager
Lucienne Koutouan
Marine manager
Nicole Coulibaly
Head of human resources department
Carine Edi
IT manager
Mohamed Coulibaly

Capital and shareholding

NSIA Participations
95.68%
Minority shareholders
4.32%
Share capital
4 679 955 USD

Main technical indicators: 2010-2014

in USD
 20102011201220132014
Gross written premiums
34 086 922
30 941 246
27 434 172
35 105 834
35 577 600
Net written premiums
26 950 340
23 319 556
20 076 936
25 817 988
25 102 591
Gross earned premiums
33 008 496
31 124 247
27 201 987
35 013 522
37 334 244
Gross incurred losses (1)
12 996 786
13 570 228
11 356 875
14 251 714
25 917 911
Net incurred losses
11 650 300
12 031 813
7 674 219
13 353 770
15 025 977
Management expenses (2)
13 934 996
11 872 944
12 037 278
13 414 612
6 622 622
Gross loss ratios
39.38%
43.60%
41.75%
40.70%
69.42%
Expenses ratios
40.88%
38.37%
48.81%
38.21%
18.61%
Combined ratios
80.26%
81.97%
90.56%
78.92%
88.03%
Technical results
2 280 572
1 775 713
1 625 295
1 252 506
2 084 625
Financial income
305 176
345 892
492 636
-360 856
221 434
Pre-tax results
3 286 828
3 943 571
2 376 363
1 281 878
591 107
Net results
2 686 786
3 074 819
1 936 221
1 007 040
526 252
(1) Claims paid + variation of outstanding claims reserves
(2) Overhead expenses+ operating costs

Contact NSIA Assurances Côte d’Ivoire

Head office
B.P.: 01 B.P 1571 Abidjan-Côte d’Ivoire
Tel
(225) 20 31 75 00 / 20 31 98 00
Fax
(225) 20 31 76 20
E-mail
nsiassurence [at] groupensia [dot] com (nsiassurence [at] groupensia [dot] com )
Website

 

NSIA Assurances, Gabon

Presentation

Date of creation
2000
Number of employees in 2014
73
Shareholder’s equity in 2014
11 965 162 USD

Management

General manager
Sévérin Anguilé
Administration and finance manager
Hermann NZoundou
Direct business manager
Bruno Ontsuma Okogo
Brokerage manager
Andréa Bagwendy
Technical manager
Vincent De Paul MVola NDong
Claims manager
Ernestine MBori
Head of human resources department
M. Diane Prisca Oulabou
IT manager
Hugues Davy Endama Ndong

Capital and shareholding

NSIA Participations
85.76%
NSIA Assurances (Benin)
5.45%
Minority shareholders
8.79%
Share capital
4 076 600 USD

Main technical indicators: 2010-2014

in USD
 20102011201220132014
Gross written premiums
32 761 056
35 130 159
34 363 380
39 140 288
41 043 950
Net written premiums
23 842 906
25 308 435
22 659 237
23 690 616
26 818 469
Gross earned premiums
32 660 018
35 449 908
33 761 718
38 204 580
40 569 582
Gross incurred losses (1)
10 718 276
13 226 347
14 825 517
16 742 040
15 403 989
Net incurred losses
9 740 888
11 724 130
10 288 824
13 813 232
13 039 561
Management expenses (2)
11 994 654
11 730 163
12 136 209
13 238 380
13 619 550
Gross loss ratios
32.82%
37.31%
43.91%
43.82%
37.97%
Expenses ratios
36.61%
33.39%
35.32%
33.82%
33.18%
Combined ratios
69.43%
70.70%
79.23%
77.64%
71.15%
Technical results
3 422 920
3 454 898
2 206 767
-931 512
2 753 558
Financial income
622 724
1 387 590
805 581
572 754
1 121 065
Pre-tax results
4 559 082
4 735 905
2 969 949
3 153 294
5 210 636
Net results
2 987 838
2 823 444
1 881 708
2 028 766
3 728 236
(1) Claims paid + variation of outstanding claims reserves
(2) Overhead expenses+ operating costs

Contact NSIA Assurances Gabon

Head office
B.P.: 2221 Libreville
Tel
(241) 01 72 13 90 / 01 76 00 54
Fax
(241) 01 74 17 02
E-mail
nsiagabon [at] groupensia [dot] com (nsiagabon [at] groupensia [dot] com )
Website

 

NSIA Assurances, Bénin

Presentation

Date of creation
1998
Number of employees in 2014
40
Shareholder’s equity in 2014
6 031 515 USD

Management

General manager
Alfred Yaméogo
Financial manager
Didier Gankpézoundey
Head of communication department
Nina Koudjo
Head of Internal audit department
Romaric Houndolo
Direct business manager
Moussouloumi Soumanou
Brokerage manager
Fabrice Agbota
Administration and human resources manager
Fortunée Capo-Chichi
Head of IT department
Brice Ahouansou

Capital and shareholding

NSIA Participations
45.67%
other shareholders
54.33%
Share capital
4 169 250 USD

Main technical indicators: 2010-2014

in USD
 20102011201220132014
Gross written premiums
14 466 992
14 923 631
15 001 170
18 026 016
15 791 266
Net written premiums
11 953 414
12 436 024
12 937 752
14 958 740
12 715 286
Gross earned premiums
14 450 496
15 189 083
14 964 828
17 161 640
16 048 833
Gross incurred losses (1)
7 592 284
7 893 175
7 864 005
9 206 024
10 330 475
Net incurred losses
6 720 058
8 104 330
7 520 775
8 788 522
7 245 230
Management expenses (2)
5 315 836
5 787 658
6 050 943
6 596 112
5 805 449
Gross loss ratios
52.54%
51.96%
52.55%
53.64%
64.37%
Expenses ratios
36.74%
38.78%
40.34%
36.59%
36.76%
Combined ratios
89.28%
90.74%
92.89%
90.23%
101.13%
Technical results
167 022
-291 595
-456 294
-549 676
129 710
Financial income
527 872
1 367 480
961 044
704 928
893 146
Pre-tax results
1 127 914
1 355 414
1 118 526
1 051 098
1 400 868
Net results
948 520
1 242 798
890 379
832 906
972 825
(1) Claims paid + variation of outstanding claims reserves
(2) Overhead expenses+ operating costs

Contact NSIA Assurances Bénin

Head office
B.P.: 08 BP 0258 Tri Postal-Cotonou
Tel
(229) 21 31 33 69
Fax
(229) 21 31 35 17
E-mail
nsiabenin [at] groupensia [dot] com (nsiabenin [at] groupensia [dot] com )
Website

 

NSIA Assurances, Guinée Bissau

Presentation

Date of creation
2007
Number of employees in 2014
13
Shareholder’s equity in 2014
1 256 334 USD

Management

General manager
Amadou Thiam
Head of administration and finance department
Leonel V. Almeida De Pina
Head of technical and commercial department
Abdoulaye AW
Head of IT department
Gilson Aldemir Almeida Sa Nogueira

Capital and shareholding

NSIA Participations
59.44%
Fernando GOMES
29.76%
NSIA Assurances (Senegal)
10%
Jean Kacou DIAGOU
0.8%
Share capital
926 500 USD

Main technical indicators: 2010-2014

in USD
 20102011201220132014
Gross written premiums
952 644
1 055 775
1 066 032
1 749 732
1 545 402
Net written premiums
835 110
874 785
819 714
1 439 228
1 310 071
Gross earned premiums
886 660
1 112 083
1 088 241
1 600 774
1 563 932
Gross incurred losses (1)
49 488
180 990
62 589
224 486
137 122
Net incurred losses
43 302
170 935
52 494
209 800
98 209
Management expenses (2)
600 042
601 289
839 904
1 030 118
982 090
Gross loss ratios
5.58%
16.27%
5.75%
14.02%
8.76%
Expenses ratios
62.98%
56.95%
78.78%
58.87%
63.55%
Combined ratios
68.56%
73.22%
84.53%
72.89%
72.31%
Technical results
191 766
140 770
2 019
146 860
268 685
Financial income
16 496
40 220
78 741
86 018
68 561
Pre-tax results
70 108
187 023
80 760
356 660
416 925
Net results
65 984
172 946
60 570
268 544
311 304
(1) Claims paid + variation of outstanding claims reserves
(2) Overhead expenses+ operating costs

Contact NSIA Assurances Guinée Bissau

Head office
B.P. : 27 Bissau
Tel
(+245) 580 31 31/ (+245) 617 57 57
E-mail
nsiabissau [at] groupensia [dot] com (nsiabissau [at] groupensia [dot] com )
Website

 

NSIA Assurances, Cameroun

Presentation

Date of creation
2007
Number of employees in 2014
43
Shareholder’s equity in 2014
3 229 779 USD

Management

General manager
Esther Tiako NGOUANG
Central manager, administration and finance
Norbert NGniwaké
Head of direct business development and marketing department
Maïrama Icare
Head of technical and reinsurance departement
Césaire Waton
Yaoundé direct space manager
François Binam
Head of human resources department
NGaï NGaï
Head of brokerage department
Sébastien Atee
Head of marine division
Aicha Lamaro
Head of IT department
Edouma M Bassi

Capital and shareholding

NSIA Participations
70%
Esther TIAKO NGOUANG
21.88%
Jean Kacou DIAGOU
5%
The company LAPEYERE CAPITAL M.
3.12%
Share capital
2 964 800 USD

Main technical indicators: 2010-2014

in USD
 20102011201220132014
Gross written premiums
10 510 014
15 933 153
16 160 076
19 179 916
12 011 146
Net written premiums
6 678 818
12 132 363
12 588 465
15 170 638
8 742 454
Gross earned premiums
9 945 026
16 248 880
16 586 085
19 007 880
11 998 175
Gross incurred losses (1)
2 412 540
7 784 581
6 485 028
9 713 740
4 938 245
Net incurred losses
2 853 808
7 213 457
7 100 823
9 084 340
4 211 869
Management expenses (2)
3 662 112
5 051 632
6 111 513
6 887 734
5 349 611
Gross loss ratios
24.26%
47.91%
39.10%
51.10%
41.16%
Expenses ratios
34.84%
31.70%
37.82%
35.91%
44.54%
Combined ratios
59.10%
79.61%
76.92%
87.01%
85.70%
Technical results
1 070 178
695 806
454 275
-241 270
-272 391
Financial income
74 232
172 946
102 969
213 996
185 300
Pre-tax results1 350 610981 368310 926-306 308213 095
Net results1 068 116567 1026 057-461 560-353 923
(1) Claims paid + variation of outstanding claims reserves
(2) Overhead expenses+ operating costs

Contact NSIA Assurances Cameroun

Head office
B.P.: 2759 Bonanjo-Douala
Tel
(+237) 33 42 24 35
Fax
(+237) 33 43 32 10
E-mail
nsiacameroun [at] groupensia [dot] com (nsiacameroun [at] groupensia [dot] com )
Website

 

NSIA Assurances, Congo

Presentation

Date of creation
2004
Number of employees in 2014
54
Shareholder’s equity in 2014
5 730 656 USD

Management

General manager
Alfred Yaméogo
Finance and accounting manager
Joël Ellah Kouassi
Head of communication department
Itcha Djata
Technical and reinsurance manager
Richard Mouambouma
Regional manager PNR
Dieudonné MBoukou MBoungou
Head of human resources department
Cady Diafouka Epse Goma

Capital and shareholding

NSIA Participations
50.62%
EM Entreprise Congo
20.48%
NSIA Assurances (Gabon)
4.29%
NSIA Assurances (Benin)
2.70%
NSIA Assurances (Senegal)
2.16%
Minority shareholders
10.75%
Share capital
4 632 500 USD

Main technical indicators: 2010-2014

in USD
 20102011201220132014
Gross written premiums
16 735 192
16 198 605
17 476 464
23 390 602
22 773 370
Net written premiums
10 788 384
9 968 527
12 457 230
16 053 896
14 907 385
Gross earned premiums
15 530 984
15 921 087
18 374 919
23 493 404
22 302 708
Gross incurred losses (1)
5 602 454
3 847 043
12 723 738
7 458 390
21 407 709
Net incurred losses
3 517 772
4 011 945
9 081 462
5 033 102
8 114 287
Management expenses (2)
6 144 760
6 417 101
7 167 450
8 519 978
7 908 604
Gross loss ratios
36.07%
24.16%
69.25%
31.75%
95.99%
Expenses ratios
36.72%
39.61%
41.01%
36.42%
34.73%
Combined ratios
72.79%
63.77%
110.26%
68.17%
130.72%
Technical results
1 181 526
1 397 645
-1 996 791
5 102 336
1 126 624
Financial income
24 744
138 759
343 230
444 776
644 844
Pre-tax results
1 402 160
1 745 548
589 548
4 065 924
1 752 938
Net results
859 854
1 118 116
193 824
2 444 170
1 185 920
(1) Claims paid + variation of outstanding claims reserves
(2) Overhead expenses + operating costs

Contact NSIA Assurances Congo

Head office
B.P.: 1151 Brazzaville
Tel
(242) 22 282 24 92
Fax
(242 )22 282 24 93
E-mail
nsiacongo [at] groupensia [dot] com (nsiacongo [at] groupensia [dot] com )
Website

 

NSIA Assurances, Ghana

Presentation

Date of creation
2010
Number of employees in 2014
13
Shareholder’s equity in 2014
2 142 918 USD

Management

General manager
Linda Osei-Akoto
Finance senior manager
Basil Atitso
Head of marketing and business development department
Benjamin K. Amoako
Head of publicity and special projects department
Bianca Noshie Ribeiro
Human resource manager
Charles Appiah-Sam
Head of IT department
Edmund Opoku

Capital and shareholding

NSIA Participations
93.78%
Minority shareholders
6.22%
Share capital
1656 490 USD

Main technical indicators: 2010-2014

in USD
 20102011201220132014
Gross written premiums
3 534 268
3 824 922
4 167 216
3 942 142
1 693 642
Net written premiums
3 169 294
3 398 590
3 581 706
3 365 192
1 437 928
Gross earned premiums
2 255 828
3 334 238
4 046 076
3 929 554
2 253 248
Gross incurred losses (1)
1 037 186
2 602 234
1 005 462
2 912 024
1 408 280
Net incurred losses
546 430
830 543
938 835
2 005 688
1 393 456
Management expenses (2)
2 765 142
2 545 926
2 467 218
3 868 712
2 095 743
Gross loss ratios
45.97%
78.04%
24.85%
74.10%
62.50%
Expenses ratios
78.24%
66.56%
59.20%
98.13%
123.74%
Combined ratios
124.21%
144.60%
84.05%
172.23%
186.24%
Technical results
-1 420 718
-309 694
129 216
-2 475 640
-1 447 193
Financial income
375 284
172 946
1 265 913
1 124 528
737 494
Pre-tax results
-977 388
16 088
1 516 269
-1 195 860
-
Net results
-802 118
-46 253
900 474
-1 200 056
-1 536 137
(1) Claims paid + variation of outstanding claims reserves
(2) Overhead expenses + operating costs

Contact NSIA Assurances Ghana

Head office
P.O. Box GP 3114 - Accra
Tel
(233) 21 249 500
Fax
(233) 302 249504
E-mail
nsiaghana [at] groupensia [dot] com (nsiaghana [at] groupensia [dot] com )
Website

 

NSIA Assurances, Guinée

Presentation

Date of creation
2009
Number of employees in 2014
44
Shareholder’s equity in 2014
2 527 536 USD

Management

General manager
Momar Seck
Administration and finance manager
Victor Faya Ifono
Direct business manager
Mohamed Kaba
Brokerage manager
Madiou Bah
Human resources manager
Victor Faya Ifono
Head of IT department
Mamady Koulibaly

Capital and shareholding

NSIA Participations
69%
Jean Kacou DIAGOU
0.93%
Séré Mady KABA
10%
Sakho DIAKITE
10%
Ansoumane KABA
10%
Janine-Bénédicte DIAGOU
0.07%
Share capital
1656 490 USD

Main technical indicators: 2010-2014

in USD
 20102011201220132014
Gross written premiums
2 383 672
6 646 355
10 525 047
10 462 726
9 496 625
Net written premiums
1 437 214
5 409 590
8 473 743
8 517 880
7 636 213
Gross earned premiums
1 591 864
6 413 079
10 250 463
10 741 760
9 283 530
Gross incurred losses (1)
253 626
2 897 851
3 083 013
5 064 572
1 762 203
Net incurred losses
253 626
2 849 587
2 830 638
3 912 770
1 832 617
Management expenses (2)
1 276 378
2 290 529
3 468 642
4 032 356
4 569 498
Gross loss ratios
15.93%
45.18%
30.07%
47.14%
18.98%
Expenses ratios
53.55%
34.46%
32.96%
38.54%
48.11%
Combined ratios
69.48%
79.64%
63.03%
85.68%
67.09%
Technical results
-515 500
540 959
2 473 275
1 004 942
55 590
Financial income
12 372
62 341
230 166
524 500
218 654
Pre-tax results
-556 740
581 179
2 604 510
1 260 898
116 739
Net results
-556 740
581 179
1 687 884
782 554
35 207
(1) Claims paid + variation of outstanding claims reserves
(2) Overhead expenses + operating costs

Contact NSIA Assurances Guinée

Head office
B.P. : 5884 Conakry
Tel
(224) 66 18 12 82
E-mail
nsiaguinee [at] groupensia [dot] com (nsiaguinee [at] groupensia [dot] com )
Website

 

NSIA Assurances, Mali

Presentation

Date of creation
2009
Number of employees in 2014
17
Shareholder’s equity in 2014
1 848 340 USD

Management

General manager
Constant Yao Djeket
Deputy general manager
Chantal Bosso
Head of commercial department
Modibo Koureichy
Head of claims department
Marie Jeanne Cissé
Head of general services and HR department
Hamadoun Haïdara
Head of IT department
Issiaka Traoré

Capital and shareholding

NSIA Participations
66%
Cesse KOME
20%
Saïdou SYLLA
10%
Minority shareholders
4%
Share capital
4 076 600 USD

Main technical indicators: 2010-2014

in USD
 2011201220132014
Gross written premiums
1 920 505
3 139 545
2 830 202
3 843 122
Net written premiums
1 224 699
2 525 769
2 045 550
3 133 423
Gross earned premiums
1 699 295
3 151 659
2 714 812
3 759 737
Gross incurred losses (1)
307 683
860 094
1 508 462
1 545 402
Net incurred losses
178 979
779 334
1 078 372
1 213 715
Management expenses (2)
2 095 462
2 000 829
2 578 442
2 247 689
Gross loss ratios
18.11%
27.29%
55.56%
41.10%
Expenses ratios
109.11%
63.73%
91.10%
58.49%
Combined ratios
127.22%
91.02%
146.66%
99.59%
Technical results
-957 236
-149 406
-1 588 186
-231 625
Financial income
4 022
20 190
8 392
-7 412
Pre-tax results
-953 214
-125 178
-1 317 544
37 060
Net results
-973 324
-155 463
-1 344 818
-264 979
(1) Claims paid + variation of outstanding claims reserves
(2) Overhead expenses + operating costs

Contact NSIA Assurances Mali

Head office
B.P. 1627 Bamako
Tel
(223) 20 23 24 40
Fax
(223) 20 23 24 41
E-mail
nsiamali [at] groupensia [dot] com (nsiamali [at] groupensia [dot] com )
Website

 

NSIA Assurances, Sénégal

Presentation

Date of creation
2002
Number of employees in 2014
47
Shareholder’s equity in 2014
5 490 439 USD

Management

General manager
Sidy Faye
Deputy general manager
Ibra Mamadou Kane
Financial manager
Assane Diaw
Head of communication in charge of quality
Binette Diouf
Direct business manager
Momar Seck Ifono
Brokerage manager
Ousmane Diouf
Head of general services and HR department
Souleymane Gueye
Head of IT department
Khadime Leye

Capital and shareholding

NSIA Participations
66.94%
NSIA Assurances (Gabon)
7.78%
NSIA Assurances (Benin)
7.78%
Jean Kacou DIAGOU
7.5%
Ramatoulaye NDIAYE
5%
Sidy FAYE
5%
Share capital
4 632 500 USD

Main technical indicators: 2010-2014

in USD
 20102011201220132014
Gross written premiums
15 473 248
14 527 464
11 867 682
15 546 180
17 147 662
Net written premiums
11 606 998
10 394 859
8 405 097
9 472 470
11 138 383
Gross earned premiums
15 774 300
14 260 001
12 051 411
15 575 552
17 142 103
Gross incurred losses (1)
8 033 552
11 263 611
6 075 171
5 158 982
6 174 196
Net incurred losses
6 482 928
4 383 980
3 783 606
2 765 164
4 426 817
Management expenses (2)
5 470 486
5 467 909
5 330 160
6 296 098
6 411 380
Gross loss ratios
50.93%
78.99%
50.41%
33.12%
36.02%
Expenses ratios
35.35%
37.64%
44.91%
40.50%
37.38%
Combined ratios
86.28%
116.63%
95.32%
73.62%
73.4%
Technical results
921 714
1 168 391
573 396
1 814 770
1 221 127
Financial income
241 254
273 496
133 254
94 410
370 600
Pre-tax results
1 408 346
1 677 174
775 296
1 143 410
1 256 334
Net results
1 053 682
1 260 897
518 883
746 888
837 556
(1) Claims paid + variation of outstanding claims reserves
(2) Overhead expenses + operating costs

Contact NSIA Assurances Sénégal

Head office
B.P. 50225 Dakar
Tel
(221) 33 889 60 60
Fax
(221) 33 042 64 64
E-mail
nsiasenegal [at] groupensia [dot] com (nsiasenegal [at] groupensia [dot] com )
Website

 

NSIA Assurances, Togo

Presentation

Date of creation
2005
Number of employees in 2014
39
Shareholder’s equity in 2014
2 629 064 USD

Management

General manager
José Syménouh
Finance and administration manager
Koffivi Agbonegban
Head of commercial and marketing department
Goudjo Afinou-Akakpo
Technical manager
Abel Zotchi
Communication manager
Justin Quam Gbadago Ifono
Head of administration and human resources department
Kossi Darius Yamajako
Head of IT department
Antoine-Marie Houngbo Vienyessi

Capital and shareholding

NSIA Participations
65.89%
NSIA Assurances (Senegal)
3%
NSIA Assurances (Gabon)
3%
NSIA Assurances (Benin)
3%
Minority shareholders
25.11%
Share capital
1 853 000 USD

Main technical indicators: 2010-2014

in USD
 20102011201220132014
Gross written premiums
12 409 116
13 423 425
13 634 307
15 252 460
14 042 034
Net written premiums
8 511 936
9 644 756
9 063 291
10 871 836
10 708 487
Gross earned premiums
12 221 474
13 574 250
13 721 124
15 101 404
13 727 024
Gross incurred losses (1)
5 429 246
6 672 498
4 498 332
7 695 464
7 617 683
Net incurred losses
4 598 260
5 142 127
4 760 802
6 652 758
6 465 117
Management expenses (2)
4 385 874
4 538 827
4 908 189
5 438 016
5 121 692
Gross loss ratios
44.42%
49.15%
32.78%
50.96%
55.49%
Expenses ratios
35.34%
33.81%
36%
35.65%
36.47%
Combined ratios
79.76%
82.96%
68.78%
86.61%
91.96%
Technical results
226 820
673 685
452 256
-501 422
-548 488
Financial income
55 674
68 374
268 527
329 386
435 455
Pre-tax results
305 176
742 059
712 707
163 644
1 095 123
Net results
222 696
468 563
458 313
52 450
987 649
(1) Claims paid + variation of outstanding claims reserves
(2) Overhead expenses + operating costs

Contact NSIA Assurances Togo

Head office
B.P. 1120 Lomé
Tel
(228) 220 81 50
Fax
(228) 220 81 52
E-mail
nsiatogo [at] groupensia [dot] com (nsiatogo [at] groupensia [dot] com )
Website

 

NSIA Assurances, Nigeria

Presentation

Date of creation
2011
Number of employees in 2014
135
Shareholder’s equity in 2014
50 974 335 USD

Management

General manager
Chioma Sideso
Head of finance department
Deborah Omotayo-Johnson
Head of technical operations
Abideen Musa
Head of communication department
Vivian Ikwuneme
Chief Risk Officer/ head of Western region
Mustapha Kola
Head of alternative distribution channels
Francis Kalaiwo
Head of life division
Kehinde Omoregie
Head of corporate services department
Vivian Ikwuneme
Head of IT department
Ambrose Ugwu

Capital and shareholding

NSIA Participations
96.15%
Minority shareholders
3.85%
Share capital
34 586 848 USD

Main technical indicators: 2010-2014

in USD
 2011201220132014
Gross written premiums
20 713 300
24 688 332
30 074 830
29 905 567
Net written premiums
14 989 994
16 888 935
19 276 424
21 016 726
Gross earned premiums
20 305 067
23 519 331
28 742 600
27 807 971
Gross incurred losses (1)
6 596 080
10 391 793
18 061 682
8 640 539
Net incurred losses
2 952 148
5 952 012
7 991 282
5 584 942
Management expenses (2)
9 093 742
7 454 148
90 33 988
13 328 629
Gross loss ratios
32.48%
44.18%
62.84%
31.07%
Expenses ratios
43.90%
30.19%
30.04%
44.57%
Combined ratios
76.38%
74.37%
92.88%
75.64%
Technical results
2 535 871
2 311 755
918 924
1 387 897
Financial income
3 137 160
6 139 779
6 140 846
6 059 310
Pre-tax results
5 043 588
8 405 097
6 761 854
7 202 611
Net results
2 791 268
6 212 463
5 654 110
6 024 103
(1) Claims paid + variation of outstanding claims reserves
(2) Overhead expenses + operating costs

Contact NSIA Assurances Nigeria

Head office
P.O Box 5061 Lagos
Tel
+234-1-2805378-9
Fax
01–2798258
E-mail
nsiainsurance [at] groupensia [dot] com (siainsurance [at] groupensia [dot] com )
Website
Source: NSIA
Exchange rate
FCFA/USD as at 31/12
2010
2011
2012
2013
2014
0.002062
0.002011
0.002019
0.002098
0.001853

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Thu, 17/03/2016 - 17:48
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