IBN Specialty: Insurance Broking Services
At Insurance Brokers of Nigeria Limited (IBN), we specialize in delivering value-added, industry-specific risk and insurance broking services tailored to meet each client's unique protection needs.
Our areas of expertise include: Commerce and Industry, Energy (Oil, Gas, and Natural Resources), Power and Infrastructure, Construction, Communications, Marine, Aviation & Aerospace, Financial Services, Government and Statutory Corporations, Educational Services , Personal and Private Wealth Insurance.
Our dedicated team collaborates closely with clients to design and implement comprehensive risk management strategies, ensuring optimal protection and peace of mind.
Our areas of expertise include: Commerce and Industry, Energy (Oil, Gas, and Natural Resources), Power and Infrastructure, Construction, Communications, Marine, Aviation & Aerospace, Financial Services, Government and Statutory Corporations, Educational Services , Personal and Private Wealth Insurance.
Our dedicated team collaborates closely with clients to design and implement comprehensive risk management strategies, ensuring optimal protection and peace of mind.
Our Approach
At Insurance Brokers of Nigeria Limited (IBN), we adopt a comprehensive and collaborative approach to risk management, ensuring that your business is protected against potential threats. Our process includes:
- Understanding Your Business and Risk Management Goals: We begin by thoroughly analyzing your business operations and risk management objectives to develop a tailored strategy that aligns with your specific needs.
- Developing a Detailed Risk Profile: In collaboration with you, we identify and assess the unique risks associated with your business and operations, enabling us to craft a customized risk management plan.
- Advising on Effective Insurance Programs: We provide expert guidance on designing insurance programs that offer comprehensive protection for your operations, ensuring that all potential risks are adequately covered.
- Focusing on Total Cost of Risk: Rather than merely considering the amount spent on insurance, we emphasize the total cost of risk, aiming to minimize it through strategic risk management and cost-effective insurance solutions.
- Structuring Competitive Insurance Programs: We design insurance programs that foster competition within the insurance market, ensuring you receive the best possible coverage at competitive rates.
- Leveraging Local and International Reinsurance Facilities: By utilizing both local and international reinsurance options, we maximize our leverage to secure optimal pricing and comprehensive coverage for your insurance programs.
- Negotiating and Implementing Efficient Claims Procedures: We establish clear and effective claims procedures to facilitate prompt and fair claims resolution, ensuring a smooth recovery process when needed.
Our Client Sectors
Our strength lies in our unparalleled local knowledge, combined with global experience, and a steadfast commitment to delivering specialized services. As your invaluable partner, we provide seamless support to meet your risk and insurance management objectives.
Aerospace and Aviation
Local and international aviation
Affinity Groups
Various organization types
Agriculture
Commercial and subsistence farming
Commerce and Industry
Medium and Growing Firms
Construction and Infrastructure
Private and governmental
Educational Services
Early, secondary, higher and specialized
Energy
Oil/gas, petrochemicals, natural resources and power
Financial Services
Banking, investments and other services
Marine Hull & Cargo
Ocean freight and logistics providers
Manufacturing
Various factory types
Professional Groups
Legal Liability
Wealth Protection
Personal/private property insurance
Telecommunications
Various company sizes
IBN Support
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