Historical Background
As the need for increase in safeguard of financial assets and other valuable property, came the wise idea of Mr. Johnson chukwu Emeka Ilubisi, the General Manager of African Alliance Company Plc. John Chukwuemaka Illubisi was a student of Accountancy in Institute of Management and Technology (IMT), Enugu, where he obtain his Higher National Diploma in Accountancy in 1971, he proceed his education at University of Nigeria Nsukka where he got his BLC Certificate. He traveled to United State of America in 1980 where he obtain his Master Degree in Kashidel University London, Mr. Johnson Ilubisi was saving with Reinsurance Company a Germany Owned Company, after his graduation, he got employed in the company as an Assistance Accountant, from then, he got a lot of experience in banking and insurance sector. He worked with the company for many years before he to continued the business in his own country Nigeria. In 1980, he came beck to Nigeria and established his own company known as African Alliance Insurance Company plc in partnership with Munich Reinsurance Company in Germany. The company African Alliance Issuance Company was formerly commissioned in Nigeria in 1987 as first indigenous life Insurance Company to carryout the business of life Assurance, the largest insurance company in Nigeria. Munish Reinsurance still retain a minority interest in the company and also provide technical support to the company on need basis.
Currently, African Insurance Company plc has a share holders fund without N10.27 billion. Their cross premium income and asset base stand at about N2.6billion and N14.9billion, respectively while claims paid about N1.9billion (figure as at 31st December, 2010Nnadited).
In 2005, African Alliance Insurance Company plc entered a joint venture with First Securities Discount House Limited (FSDH) to set up pension Alliance Limited (PAL) a Licensed Pension Fund Administrator and on the 17th of September, 2010, African Alliance Insurance Company Plc was listed on the floor of the Nigeria Stock Exchange.
MARKETING STRATEGY
A marketing strategy is a process or model to allow a company a organization to focus limited resource on the best opportunities to increase sales and thereby achieve a sustainable competitive advantage. Your marketing strategy is the way you make sure you are getting the maximum impact from your limited marketing budget and time. Example, of there is a single influence who touches all your influence who touches all your customer and has a significant your customer and has a significant impact on the way these customers try to solve their problem, one of your strategy may be to focus on building a strong relationship with that influential individual or company.
A company strategy also indicate the choice its manager have made among alternative market competitive approach and way of operating. It is partly the result of trial and error organizational learning about what worked in the past and what did not and partly the product of managerial analysis and strategic thinking about all their circumstance sounding the company’s situation.
The strategies adopted by the company is what gives that the insight and ideas on how to win a comparative advantages over their composition in the market.
Disclaimer: Note this academic material is intended as a guide for your academic research work. Do not copy word for word. Note: For Computer or Programming related works, some works might not contain source codes
CITE THIS WORK
(2014, 12). Marketing Research (a Case Study Of African Alliance Insurance Company Plc).. ProjectStoc.com. Retrieved 12, 2014, from https://projectstoc.com/read/5286/marketing-research-a-case-study-of-african-alliance-insurance-company-plc-2387
"Marketing Research (a Case Study Of African Alliance Insurance Company Plc)." ProjectStoc.com. 12 2014. 2014. 12 2014 <https://projectstoc.com/read/5286/marketing-research-a-case-study-of-african-alliance-insurance-company-plc-2387>.
"Marketing Research (a Case Study Of African Alliance Insurance Company Plc).." ProjectStoc.com. ProjectStoc.com, 12 2014. Web. 12 2014. <https://projectstoc.com/read/5286/marketing-research-a-case-study-of-african-alliance-insurance-company-plc-2387>.
"Marketing Research (a Case Study Of African Alliance Insurance Company Plc).." ProjectStoc.com. 12, 2014. Accessed 12, 2014. https://projectstoc.com/read/5286/marketing-research-a-case-study-of-african-alliance-insurance-company-plc-2387.
- Related Works
- The Impact Of Road Transportation Mode On The Marketing Of Consumer Goods In Nigeria (a Case Study Of Enugu Metropolis)
- Marketing Of Financial Services In Our Banking Industries Today
- The Impact Of Marketing In The Development Of Tourism In Enugu State
- Consumer Protection And Drug Marketing In Nigeria (a Case Study Of Juhel Pharmaceutical Company Enugu)
- An Evaluation Of The Contribution Of Salesmanship To Marketing Of Consumer Goods (a Study Of Unilever Nigeria Plc)
- Impact Of Marketing Research In A Small Scale Company (a Case Study Of Juhel Pharmaceutical Enugu)
- The Marketing Of Commercial Bank Services In Nigeria An Apprasial
- The Impact Of Nafdac On The Consumption Of Consumer Goods (beverage) In Nigeria
- Impact Of Information Technology In Banking Industry (a Case Study Of Skye Bank Enugu)
- Consumer Preference On Tooth Paste Brands In Enugu Metropolis