Nigerian insurer Veritas Kapital Assurance has signed a bancassurance agreement with Unity Bank to sell its insurance products to the bank’s customers.

Under the terms of the pact, Veritas Kapital formerly known as Unitykapital Assurance will leverage Unity Bank’s distribution channels to market its products to the bank’s customer base.

The insurer plans to offer a host of insurance products and services such as personal accident, motor, house owner, and householder insurance plans.

Unity Bank managing director and CEO Tomi Somefun said the bank’s longstanding relationship with Veritas Kapital Assurance made the implementation of the agreement work best for all parties, particularly, the bank’s customers.

Somefun further stated that the new deal will boost the bank’s agribusiness and its value chain as customers in livestock and crop production will be able to access insurance protection.

Veritas Kapital managing director and CEO Kenneth Egbaran stated that the collaboration will create new opportunities to offer improved financial solutions to customers through insurance plans.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Veritas Kapital Assurance has been providing non-life insurance plans to individuals and institutions across Nigeria since 1984.

Veritas Kapital Assurance was instituted in 1973 as a private liability firm under the brand name Kano State Insurance Company.