With the opening up of the Nigerian economy, exposures to international financial markets and introduction of new products and services, the Nigerian financial sector is moving towards an impressive growth path. This transformation has led to high risk exposures within the industry, be it financial, legal or operational.
Aviva provides structured insurance solutions and risk management services to all clients. Our enriched experience and expertise in this niche sector enables us to understand the risk exposures and manage the same prudently. With increased competition, introduction of schematic products under highly regulated environment increases the complexity of risk management. Insurance solutions are to be structured to provide optimal coverage to Banks and Financial Institutions.
The need of the hour is to have an innovative approach in identifying and covering the risks. Banks and Institutions should maximize the possibilities of de-risking their exposures with an adequate insurance program to protect their balance sheet. Aviva ensures their clients are covered for the exposures it faces in its day to day activities at a reasonable cost. This would enable the client to focus and ensure smooth functioning of their core business activities.