SUNU Assurances Calls for Government to Drive Insurance of Public Buildings,Sympathies With Families of ItaFaji Building Collapse Victims

SUNU Assurances Nigeria PLC, a pan African insurance company with presence in 14 African countries has sentout its deepest sympathy to the Government of Lagos state and the families of victims of the tragic building collapse which took place on Wednesday, March 14th 2019 at ItaFaji area of Lagos Island.

Pic.9. A child being rescued from the scene of a building, which collapsed at Itafaji on the Lagos Island on Wednesday (13/3/19).02149/13/3/2019Kayode Oladapo/JAU/BJO/NAN

As rescue efforts officially come to an end and we await the final number of casualties sustained, the company’s hearts and prayers go out to the victims and their families while praying for swift recovery of those injured and commiserating with those who mourn the loss of their loved ones, family members and friends, and the fortitude to move on in this trying times.

While it is imperative at a time like this to rally round and support each other as is being done through the blood donation drive, we need to look inward to forestall such tragic occurrence in the future. This is why we would like to implore the Government to look into the issue of public safety in its entirety and enforce the insurance of every public building. Regulations are made to protect the people, and at times like this, it is necessary to block every loophole that can mitigate such tragedy from happening again.



About SUNU Assurances Nigeria Plc


SUNU Assurances Nigeria Plc. is a member of SUNU Group and it has the vision to be a leading African Insurance Company. It is on a mission to be an insurance company recognized for excellent client services, using cutting edge technology, motivated workforce and good business ethics to meet stakeholders’ expectations. This is being driven by innovative service delivery, products development, cost management, customers experience and ensuring proper balance in all dealings.

SUNU Assurances Nigeria Plc was incorporated as Equity Assurance Nigeria on December 13, 1984 and was licensed to underwrite all classes of general business. The company operates with a recently increased authorized share capital and shareholders fund. The company is a corporate member of the West African Insurance Company Association (WAICA) and the Nigeria Insurers’ Association (NIA), the official umbrella of registered insurance companies in Nigeria, as well as The Africa Insurance Organisation (AIO). SUNU Assurances Nigeria Plc is the parent company of SUNU Assurances Limited, a Ghanaian subsidiary that started operations in Ghana in 2008.

The company changed its name from Equity Assurance Plc to SUNU Assurances Nigeria Plc with due approval from the shareholders and its regulator, National Insurance Commission (NAICOM).  The approval was dated 29th March, 2018 and a new license was issued by NAICOM.

The name change was necessitated as a result of SUNU Group’s (a foremost Pan-African Insurance Group), recent acquisition of majority stake in Equity Assurance Plc., With operations in 14 African countries and 23 office locations spanning West and Central Africa, this acquisition positions SUNU Assurances Nigeria Plc., to leverage SUNU Group’s vast network of knowledge capital, financial strength and technical resources in our quest to differentiate our offerings and service standards in the Nigerian marketplace.

In addition to strengthening the company’s balance sheet, this strategic investment and name change also provides SUNU Assurances Nigeria Plc. with critical organizational capabilities & competencies which will be harnessed to create and deliver value to our esteemed brokers and clients.

This new name reflects its pan African presence as a full-fledged member of the SUNU Group. The company will continue to operate in its current structure, and our phone contacts remain unchanged. Other than the name change, there is no change in management and we will be providing tailored made products and better service on which SUNU Group has built its reputation across Africa.

Recently, SUNU Assurances Nigeria Plc announced the launch of its innovative mobile (USSD) Insurance solution. It is a simple, ‘first of its kind’ self-service solution which enables car owners / users to purchase authentic 3rd party Auto Insurance with the use of their mobile phones in less than 5minutes. This mobile (USSD) application also serves as a platform for customer engagement, claims payment and other after-purchase services.

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