Every
business environment has got its own rules and regulations governing its
operations. Having afore knowledge of this will help in the making of right
business negotiations and participation.
As
a tool of business, the insurance models adopted in various economies aren’t
similar. Definitely, it’s about risk taking, premiums and claims. Having such
diversified will give intending firm an edge. The question is can one invest in
Insurance offshore without been there? Off course you can. It’s a matter of
understanding the economic policies as regards the sector and the various
products that supports such within the region.
For
instance a nation like Nigeria has got a robust room for investment in this
sector, as the insurance policy is experiencing a revamping and 100% political
will to making impact in the nation. The days of ill activities are long gone,
as the sector has been neatly sanitized. The power of choice and information by
clients lies within their reach.
One
of the best places to have an investment in such a sector is a developing
nation like Nigeria. With a vast population of over 160million people, and
still growing, its impact in global economy cannot be overemphasized.
Currently
the level of insurance penetration is less than 20% and this has a lot of
positive impact for growth in the sector, for the firms as well as investors
alike. The insurance sector has got a lot of products that suite every life
style, from cradle to death.
One
of the firms that has got such a robust product and pedigree is Royal Exchange
plc. Its products are such that suites diaspora and foreigners.
There
are quite a lot of issue that are peculiar to off shore investment, yet the
culture within the Nigerian people makes it difficult for abnormalities.
Its
policy on offshore divestment in the insurance sector has been tightened,
thereby creating excessive room for foreign investment in this regard.
The
interest rates paid on some of the products purchased are encouraging, compared
to other regular savings.
Hurricane
sandy has thought everyone in the world a lesson, especially the insurance
sector. The beauty in this regard is that, it has also created room for loop
holes to be found and anomalies corrected.
Nigeria
as a nation as gone digital in most of its sectors, the era of paper proof of
policy payment is fading away. It does matter the location the insured is,
anywhere in the world. It takes the click of the mouse to discover your account
details.
It
is in this light, you need to give a rethink of having your business and
investment offshore. A learning nation is the best place to invest; with less
than $90 you can get a cover of over $2,880.
Take
your insurance offshore and make your family happy.
Would
be more than glad to help.
Ghomorai Williams Ebimobowei
ghomoraie@gmail.com
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