Union Assurance Company Limited is an Associate of Union Bank of Nigeria Plc. The Company was registered as an insurer in November 18, 1993 and commenced business in 1998. It is Nigeria’s first bank-owned underwriting firm.
Union Assurance is peopled with some of the best professionals from various fields, all engaged in core competencies that add value to overall output.
A change management re-engineered the businesses processes and people culture and bringing about competitive advantages. With an authorized capital of N10billion and paid-up capital of N5.2billion, the company provides customized and efficient risk management solutions, which support business growth as well as supporting individuals and groups with customized financial services.
Union Assurance as part of its strategic change process has implemented a cutting edge IT enabled business solutions made up of process automation and integrated insurance software extending to the web.
This system will enable customers and brokers access services online. Other deliverables include electronic funds transfer system and Micro Insurance services enabled by mobile technologies and POS systems.