The promotion is aimed at giving free branded
The Chief Executive Officer (CEO) of
He said "we are talking about loyalty, reward and safety in the form of support which is the Allianz Cares safety kit."
He stated that the promotion was customer driven and also based on the insights received throughout their years of existence and that his outfit believed in their products and clients adding the "we are a customer-centric organisation.
Mr Munhuwani noted that it was important to build trust, loyalty and transparency because the company collected premiums, invested them and got it back in the form of claims.
According to the CEO of
"To my colleagues don't go and sell the kit but rather the services, which is you and the service the company provides," he stated.
The Senior Manager at the office of the Commissioner,
This, she attributed to some insurance products being similar and that prospective policyholders were finding it difficult to differentiate between the products offered by insurers, thereby causing some insurers to compete on price.
According to
She mentioned that the growth of an insurance company was hinged on the trust and confidence of clients, and in order to sustain the growth, the insurer was expected to meet the risk needs of clients through innovative ways.
She said loyalty and retention were important tools needed to meet or exceed the policyholder's expectations adding that "retaining customers and building customer loyalty is good for any insurance business in terms of the cost of managing accounts and the opportunity for referral business."
She indicated that the increase in population, rising incomes and the relatively low insurance penetration rate in
The NIC,
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