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Chairman of Jaiz Takaful Insurance Ltd, Hajiya Zainab Abdurrahman, has stressed the value of driving digitalisation and technological integration to beforehand concern maturation and enactment the Nigerian economy.
At the 2023 Surplus Sharing Event held yesterday successful Abuja, Abdulrrahman stated that the organisation volition proceed to optimise its concern strategies and operations by further integrating integer technologies.
“We are pursuing a integer docket by engaging stakeholders much efficaciously done e-channels and enhancing our customers’ acquisition journey. Our operations volition beryllium much digitally customer-centric,” she said.
This year’s lawsuit marks the 4th variation since the institution began operations successful 2017. Hassan expressed gratitude to the stakeholders, highlighting the accidental to fortify partnerships, speech invaluable insights, and research imaginable maturation opportunities.
Reflecting connected the company’s performance, she noted that during the 2022 Surplus Sharing Event, Jaiz Takaful committed to expanding its marketplace stock wrong targeted segments by leveraging its halfway household and wide operations competencies.
In 2023, the institution declared a surplus of ₦8.009 million, representing a important alteration from the ₦230.806 cardinal distributed successful 2022 — a driblet of astir 48.9%.
“We recognize that this diminution whitethorn rise concerns among stakeholders, and we privation to supply immoderate discourse and explanation,” she stated.
She explained that the highly competitory quality of Nigeria’s Takaful industry, combined with macroeconomic challenges specified arsenic ostentation and currency fluctuations, negatively impacted concern returns and wide fiscal performance.
“Notably, the unprecedented fig of Family Takaful claims paid successful 2023 importantly depleted the Risk Fund, resulting successful nary surplus nether the Family Takaful classes,” Hassan added.
Despite these challenges, she reaffirmed the company’s committedness to its ngo of delivering Shariah-compliant security solutions, portion continuing to heighten operational efficiency, amended concern returns, and fortify the worth proposition for participants.
“Our extremity is to present sustainable maturation and semipermanent worth to our stakeholders,” she said.
Abdulrrahman further highlighted the halfway benefits of the Takaful model, stating: “Takaful fosters practice and shared work among participants. It is inclusive and benefits each participants, careless of inheritance oregon beliefs.
“Surplus sharing—guided by Shariah principles—ensures equitable organisation of underwriting profits and concern income betwixt the relation and participants astatine the extremity of each argumentation period.”
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