Press | Custodian Embraces Sustainable Insurance

Custodian and Allied Insurance Plc, a registered member of the Nigerian Insurance Association (NIA), has become the first Nigerian direct underwriter to join the United Nations Environment Programme Finance Initiative (UNEPFI) and is a signatory to its Principles for Sustainable Insurance Initiative launched at the RIO+20 UN Summit on Sustainable Development in June 2012.

Speaking on this development, the Managing Director, Custodian and Allied Insurance, Mr Wole Oshin said “Custodian is committed to the sustainable development of its environment through proper governance and risk engaging methods. We have consistently been environmentally conscious and are determined to contribute our quota to the principles in a responsible manner. The world is facing increasing environmental, social and governance challenges which present diverse, interconnected and complex risks as well as opportunities which must be prudently managed. We recognize that our operations and activities impact our environment, economy and society and realise the importance of ensuring they are carried out positively and in a forward looking manner”

Mr Oshin added “In order to internalise our commitment to identify, assess, manage and monitor the risks and opportunities associated with environmental, social and governance issues, we are continuously putting in place strategies, systems and processes to ensure transparency, traceability, compliance and accountability in a constantly evolving operating environment. We will continue to demonstrate our commitment to sustainable insurance and integrating environmental, social and governance factors in our operations”

Custodian and Allied Insurance is quoted on The Nigerian Stock Exchange (NSE), and is approved by the regulatory bodies in Nigeria to offer insurance services.