Mascot Brokers is a leading Insurance Brokerage company in Nigeria.
The company has been in business for over 25 years and has a proven track record of success and continuity Mascot Brokers is committed to providing its clients with the best possible insurance experience.
In a recent interview, Mascot Brokers Founder/Promoter, Olatoye Odunsi, shared his insights on the Nigerian Insurance industry and the company’s position as a thought leader in the space.
What are the biggest obstacles you’ve overcome in positioning Mascot Brokers as a leader in the Nigerian insurance industry?
One of the biggest obstacles we have faced is getting the right manpower and efficiently managing lean resources. The insurance industry is a complex and ever-changing field, so it is important to have a team of highly skilled and experienced professionals. However, attracting and retaining top talent can be challenging in a competitive market.
The Nigerian insurance industry has experienced its fair share of ups and downs over the years. However, Mascot Brokers has remained strong and resilient throughout. We have been able to achieve this by providing our clients with top-notch professional insurance services and by building strong relationships with our partners.
What are your key accomplishments as Founder/Promoter of Mascot Brokers?
I am proud of the many things that we have accomplished at Mascot Brokers over the years. However, some of my key accomplishments include:
• Growing the company’s revenue by over 100% in the last two years.
• Expanding our team of professionals to include some of the brightest minds in the industry.
• Developing innovative ways of distributing insurance services through the use of technology.
• Building strong relationships with our partners and stakeholders.
What are your predictions for the future of insurance brokerage?
I believe that the future of insurance brokerage is very bright. The insurance industry is growing rapidly and there is a growing demand for professional insurance brokers who can defend the integrity of the industry while protecting the interest of the buyers of insurance.
I also believe that the future of insurance brokerage will be increasingly digital. More and more clients are looking to purchase insurance online and to manage their policies electronically. Mascot Brokers is well-positioned to capitalize on this trend, as we have invested heavily in our digital infrastructure.
What are the biggest challenges facing insurance brokers in Nigeria, and how is Mascot Brokers addressing them?
One of the biggest challenges facing insurance brokers in Nigeria is the lack of awareness of insurance. Many Nigerians are not aware of the importance of having insurance nor do they know what types of insurance are available and how to choose the most suitable plan to meet their needs.
This is where Mascot Brokers comes in.
Mascot Brokers is addressing this challenge by educating the public about the importance of insurance. We also offer free expert advice to ensure that clients select the most suitable insurance plan at the best rates.
Another challenge facing insurance brokers in Nigeria is the lack of trust in insurance companies to deliver on their promises. This gap is filled by the existence of insurance brokers such as Mascot Brokers who act as intermediaries between the insurance companies and the buyers of insurance to hold insurers accountable and ensure that clients enjoy the full benefits of their insurance policies.
What advice would you give Nigerian businesses when choosing an insurance broker?
When choosing an insurance broker, it is important to consider the following factors:
• Experience and expertise: The broker should have a strong understanding of the insurance industry and the specific needs of Nigerian businesses.
• Reputation: The broker should have a good reputation in the industry and among its clients.
• Range of products and services: The broker should offer a wide range of products and services to meet the needs of your business.
• Customer service: The broker should provide excellent customer service.
Mascot Brokers meets all of these criteria. We have a team of highly skilled and experienced professionals who are dedicated to providing our clients with the best possible products and services. We also have a wide range of products and services to meet the needs of Nigerian businesses of all sizes.
What are the top 3 benefits of having insurance for Nigerian businesses?
The top 3 benefits of having insurance for Nigerian businesses are:
1. Financial protection: Insurance can help businesses protect themselves from financial losses caused by unexpected events, such as fire, theft, and natural disasters.
2. Peace of mind: Insurance can give businesses peace of mind knowing that they are financially protected in the event of an unexpected event. This can allow businesses to focus on their core operations.
3. Compliance: Many Nigerian businesses are required by law to have certain types of insurance, such as Workers’ Compensation Insurance.
Mascot Brokers can help Nigerian businesses to choose the right insurance coverage to meet their needs and budget. We also offer risk management services to help businesses to reduce their risks and avoid claims.
Mascot Brokers is a leading insurance brokerage company in Nigeria. The company is committed to providing its clients with the best possible insurance products and services at highly competitive rates. What sets us apart is that Mascot Brokers provides exceptional services with utmost professionalism and excellence and our services are without any charges to our clients.
