ARK Insurance
SERVICES
Underwriting
General Insurance
Also called Property and Casualty insurance, General Insurance is sold to individuals or corporations and provides cover for events that cause a financial loss to their assets (property damage) or a third party (liability).
Typical policies include Motor Insurance, Commercial Property owners, Home insurance, Employers’ liability or Public liability.
Employee Benefits
Life insurance pays a specified sum upon death of an insured person.
Health Insurance covers the cost of an individual’s medical expenses.
Group Life in Nigeria is a mandatory coverage for companies with more than 5 employees. The benefit is usually 3 times total annual emoluments.
Complex Risks
Complex risks is a generic term to describe atypical or large risk with specific underwriting requirements. Examples include oil and gas operators, large infrastructure companies, industrial companies, power generation companies, construction firms and Engineering.
Claims Management
In line with our resolve to ensure easy and timely resolution of your claims request, our team of dedicated claims experts have developed close working relationships with Insurers and have detailed knowledge of the insurance covers they provide.
This enables us to settle even the most complex and challenging claims in a professional and timely manner. We manage your claim with your insurer and communicate with you throughout the claims settlement process.
Rest assured, we are committed to ensuring that the process is stress-free and seamless.
Report A Claim
Kindly send an email with a description and pictures of the accident to claimsdepartment@arkinsurancegroup.com; and the claim process begins.
We are happy to be of service.
Reinsurance
Treaty & Facultative Facilities
For all types of risks, our reinsurance team combines market expertise to meet insurers’ need to:
● Structure an optimal reinsurance programme
● Price and Place the risk
● Recover losses
Risk Management
Reinsurance and Facilities (Facultative and Treaty)
At the core of our reinsurance broking practice is a deep understanding of how to support our clients—
insurance companies—through every stage of securing optimal reinsurance arrangements. This
includes:
- Negotiation: We assist in negotiating terms, conditions, coverage limits, and pricing to ensure
our clients secure the most favourable reinsurance agreements. - Industry Relationships: Our strong relationships with key industry players allow us to stay
informed about market conditions, trends, and available products, enabling us to offer
valuable insights to our clients. - Treaty Reinsurance Administration: We manage administrative tasks associated with Treaty
Reinsurance contracts, including the preparation of quarterly and annual returns. This ensures
our clients can optimize their capital effectively.
Technology
Understanding the risk of not having insurance when needed, how an individual can be keyed on
getting insurance when they want it, is the drive to make it easy for anyone to GET insurance as once
premium is paid. It’s become a priority to use technology to make insurance purchase and its
management easier and accessible.
Corporate Platform (Arkonline.ng)
Effective management of corporate insurance is essential for ensuring the stability and resilience of a company. The platform ensures transparency on:
● The policy cover and terms of coverage.
● Upload and documentation of policy documents, which allows for easy review of policy documents carefully to understand the terms and conditions, making note of any exclusions or limitations that may affect coverage.
● Easy process for endorsements.
● Access to Policy certificates.
● Documentation and ease of claims handling procedures.
Both the insurer, and the insured have access to necessary details of their insurance. Arkonline.ng
Retail Platform
One of our goals is to offer individuals the simplest way to access insurance; giving the opportunity for
you to get insurance for your or your family.
- Getting a quote is simple and easy and can be accessed anywhere and anytime.
- You are given the opportunity to get insurance online, the minute you need it.
- Ease of premium payments via trusted payment platforms.
- Our client services team is available for information and assistance from process start to finish.