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GRS INSURANCE BROKERS

INSURANCE AND REINSURANCE BROKERS

OUR VISION

To create and nurture a first class professionally driven Insurance and Risk Management Services Company.

OUR MISSION

To be the leader in the provision of a broad range of insurance products along with prompt, accurate and professional advices with fair prices and quality service delivered by seasoned insurance professionals.

OUR VALUES

  • Professionalism
  • Efficiency
  • Transparency
  • Integrity
  • Teamwork

BACKGROUND

  • Established in 2003
  • A firm of incorporated Insurance & Reinsurance Brokers
  • Licensed by National Insurance Commission (NAICOM)
  • Member of Nigeria Council of Registered Insurance Brokers (NCRIB).
  • A Pan-African Insurance and Reinsurance Broker
  • Reputation for high level professionalism
  • We maintain a Professional Indemnity of N1,000,000,000
  • Technical partnership with reputable international insurance and reinsurance brokers registered at Lloyds and with access to, and influence in the global insurance market.
  • Highly motivated workforce; and
  • A strong and virile Board of Directors

OUR BROKING EDGE

  • Provision of insurance and reinsurance broking services and acting as expert adviser and/or consultants in constructing comprehensive insurance programme.

 

With regards to complex commercial & industrial risks, we:

  • Identify the existence of risks and exposures
  • Carry out thorough analysis of possible effects of such risks and exposures
  • Recommend appropriate insurance coverages
  • Negotiate the most competitive price/premium
  • Ensure simplicity in Policy administration

Where necessary, we recommend:

  • The conduct of safety and risk management audit/surveys and make recommendations for risk improvements and thereby achieving premium reduction

 

We also provide:

  • Advices on the most effective & efficient Risk Management Techniques.
  • First-class claims management and recovery services
  • Review the alternative methods of risk financing.

OUR APPROACH

Our approach is to have an understanding of our clients’ needs and tailor their insurance programme to meet the needs and:
  • Identify all areas of risk exposure through risk survey of key locations.
  • Determine the maximum loss exposure potentials.
  • Review loss experience and assess economic loss control.
  • Review clients’ contingency plans
  • Discuss risk financing options.
  • Place the selected insurance programme with adequate security, subject to clients’ approval and consent
  • Ensure that our insurance/reinsurance placements satisfy all regulatory requirements; and
  • Always focusing on the most cost-effective solutions for our clients.

OUR INSURANCE PRODUCTS

General Insurance

  • Property Insurance
  • Money Insurance
  • Fidelity Guarantee
  • Householders Comprehensive
  • Houseowners/Householder
  • Professional Indemnity
  • Goods-In-Transit
  • Private Motor
  • Commercial Vehicles
  • Workmen’s Compensation
  • Personal Accident

Special Risks Insurance

  • Oil and Energy Insurance
  • Marine Hull Insurance
  • Marine Cargo Insurance
  • Aviation Insurances
  • Plant/Machinery All Risks
  • Computer/Electronic Equipment
  • Contractors’ All Risks Insurance
  • Erection All Risks Insurance
  • Bonds
  • Industrial All risks

Life Assurance

  • Group Life
  • Endowment
  • Annuity

Reinsurance Services

  • Specialized Treaties for writing businesses outside the Underwriters primary jurisdiction
  • Conventional Treaty Reinsurance (Life and Non-Life)
  • Facultative Reinsurance
    • Proportional
    • Non-Proportional (Excess of Loss)
  • Line Treaties and Energy Facilities
  • Reinsurance Premium Cession Optimization
  • Local Presence & Global Outreach

SPECIALISTS IN:

  • Energy Reinsurance service
  • Marine & Aviation Reinsurance services
  • Engineering/CAR Reinsurance services

We also carry out Special Risks Consultancy Services

Partnership with and access to specialized Insurance Pools:

  • African Oil and Energy Insurance Pool
  • African Aviation Insurance Pool
  • FAIR Pool

ACCESS TO:

  • Lloyds Market
  • Other international insurance and reinsurance markets

WE ARE MEMBER OF

  • Lagos Chamber of Commerce & Industry
  • Nigerian Council of Registered Insurance Brokers
  • Federation of Afro-Asian Insurers and Reinsurers
  • African Insurance Organization

CONTACT US

+2347034076611, +2348029631539

Email: info@grsbrokers.com; selusakin@grsbrokers.com; niwuoha@grsbrokers.com

Instagram: @grsbrokers1

X: grs_brokers

LinkedIn: GRS Insurance Brokers Ltd

Office Address: 2nd Floor, Investment House Annex, 21/25, Broad Street, Lagos Island, Lagos.

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