Royal Exchange Wins Best Transaction Processing Award from Web Jurist

16TH August, 2012
Royal Exchange Plc, Nigeria’s pioneer insurance group, recently won the ‘Best Web Transaction Processing’ website award in the insurance category of the 2012 Web Jurist Award conducted by Phillips Consulting, Nigeria.

Presenting the award to Royal Exchange Plc’s representative at the award ceremony, Mr. Ejike Osisioma, Group Head, Information Technology, was the Honourable Minister of Communications, Mrs. Omobola Johnson, accompanied by the Managing Director of Phillips Consulting, Mr. Folusho Phillips.

The winning of this award is a major endorsement of Royal Exchange’s E-business platform and the management’s investment in the upgrade of its website and information technology tools and processes to ensure  products and services are offered to customers, how and when they want it.

It would be recalled that in 2010, Royal Exchange pioneered the introduction of its scratch card payment solution to cover motor vehicle and personal accident insurance policies.

These policies can now be acquired in a faster, more reliable and convenient manner than conventional methods because of the virtual process that the Royal Exchange scratch card payment system offers.

“Royal Exchange has invested heavily in technology to create seamless and secure platforms through which our existing and potential customers can access Royal Exchange products and services. The objective here is to ensure that every point of interaction is laden with superior value, no matter the type of transaction being done”, a statement from the organisation said.
“We want to continue to deploy the best technology to deliver value to our customers, working through the best, well-trained and motivated people to deliver value and we are happy with the progress we have made so far”.
Royal Exchange Plc started operations in 1921 and continues to be driven by innovation and a determination to offer services that are of exceptional value to its customers. Following the recapitalization exercise in 2007, the company was reorganised into a group structure comprising Royal Exchange Plc as the holding company and five strategic subsidiaries namely:

? Royal Exchange General Insurance Company Limited (Non-Life Insurance Services)
? Royal Exchange Prudential Life Plc (Life Assurance Services)
? Royal Exchange Finance and Investments Limited (Financial Advisory Services)
? Royal Exchange Healthcare Limited (HMO and Health Insurance)
? Royal Exchange Microfinance Bank Limited (Banking Services)

For more information, please contact:

Corporate Affairs Department
Royal Exchange Plc

34/36 Oshodi-Apapa Expressway
Oshodi, Lagos