Togao Consult’s Corporate Information

Insurance Advisory

With a good understanding of your operations, asset configuration and relevant information relating to your company and its personnel, we are able to recommend relevant insurances that will ensure adequate protection from the identified risks/exposures

Insurance Placement

One of the key services we offer is to place your risks with Insurers that have comparative advantages in each area of insurance. Our good overview and knowledge of the market place us in good stead to provide this important intermediary role for our insureds/prospects so that they will be able to extract maximum benefit from the purchase of insurance. You can rely on us.

Claims Recovery

When we place your risk or purchase insurance products for you, it is an integral part of the services we offer to assist you in processing your claim with the insurance company(ies) and ensure that you get favorable terms using our professional expertise. We would also be willing to pursue claims on your behalf even for policies that you arrange yourself or through other parties subject to terms and conditions.

Personal Financial Planning

The service we offer here transcends insurance to include comprehensive financial advisory services which may include but not limited to insurance, afterwork planning, stocks, investment and work diversification strategies. It is targeted more at those in own businesses; but those in paid employment can also benefit.

Talentpreneurs are persons who make a living from using their natural talents/endowments – sportsmen & women, artistes and performers including musicians and actors/actresses. It is very sad and disheartening to find once successful, acclaimed persons in these areas resorting to begging/alms after their active years. Our intervention will be to assist their plan effectively during their active years whether they are at home or abroad.

Nigerians outside the country can also patronize this service

Life Assurance Plans

Life Assurance is a very important financial planning tool. There are two sides to Life Assurance – the savings aspect by which fund is accumulated in bits for specified purpose or a contingent. The other aspect is the mortality or death aspect which is used by an insured to make provisions for third parties which could be family or business interests/creditors. (a) Individual life products: There are products meant for individual persons for varied situations. - Mortgage protection in the purchase of house with funds from mortgage institutions - Credit life: To make provision in the event that a party that acquires asset on credit has his outstanding balance paid for by an Assurance company. -- Endowment policies are for accumulation of finds through regular savings for a specified purpose. Most popular is Education endowment by which parents can make provision for the education of their children in secondary or tertiary institutions.

(a) Individual life products: There are products meant for individual persons for varied situations.

• Mortgage protection in the purchase of house with funds from mortgage institutions.
• Credit life: To make provision in the event that a party that acquires asset on credit has his outstanding balance paid for by an Assurance company.
• Endowment policies are for accumulation of finds through regular savings for a specified purpose.
• Most popular is Education endowment by which parents can make provision for the education of their children in secondary or tertiary institutions.

(b) Group life products (schemes): There are also various group life products but the most popular are

• Group life Assurance for employees under the pension Act of 2014
• Group life Assurance for associations & societies

Annuity/Retirement Planning

The Pension Act was put in place to ensure that workers who retire at old age have something to live on after retirement. The Act makes provisions for both employees and employer to contribute specified proportions of the employee’s earnings into the employee’s Retirement Savings Account (RSA) during his/her working life. The mount so accumulated in the employees RSA will be available to purchase an Annuity from an insurance company or a Programmed Withdraw from a Provident Fund Administrator. We are in position to guide retirees put in place an Annuity with a reputable insurance company that will pay specified sum worked out by the insurance company for the life time of the retiree.

Insurance Technical Training

The objective is to give back to the industry from our wealth of experience over the years in passing knowledge to the younger persons in the industry at the moment. Apart from the Chief Consultant, carefully chosen faculty members (old experienced and some still serving) are brought to share their wealth of experience. It cannot be overemphasized that training and re-training is a tool for keeping the staff focused and empowered. We have regular Open Class Trainings from the month of April to October every year. On the other hand, companies appraise their needs and come up with areas where they require knowledge deepening. We then design courses that address this identified knowledge gap and train to improve teams in the identified areas. We shall continue to provide technical education to the insurance industry.

+ Please see open class training schedule for 2023

Insurance Enlightenment/Education

This service is more of CSR to the public as it is geared at simplifying the concept of insurance to the members of the public. The Firm will be willing to entertain request from clubs, societies and associations to give talks pro-bono.

Management Training

Training in the area of management is very important for supervisory and management cadre. Training in various management areas: Team work, sales coordination, supervisory skill and strategic management can also be put in place.

General Insurance Consultancy

We can consult for insurance companies that are not doing well or meeting their objectives. The intervention is to discover and investigate variables that are pulling down the organization from attaining the set parameters; which areas constitute a hole or unnecessary expenses. We also offer services for Promoters who wish to register insurance institutions – adjusting, brokerage or insurance companies or investing in existing ones.

Recovery/Subrogation Follow up

We can put our expertise to work to assist insurance companies recover from third parties, salvage proceeds due in the course of claims settlement. Basis of the service/terms are flexible and agreed at inception of the service.

Pre-Loss Survey

This is our flagship service offered to insurance companies to assist them in ensuring that they underwrite their risks with very comprehensive information that would guide them effectively manage their portfolio. For certain large risks, Reinsurers will require a pre-loss survey as a precondition to ceding into the treaty and a condition subsequent to claim under the reinsurance treaty. We would be glad to have the opportunity to serve you in this very critical technical area. Post-loss survey can also be undertaking after a loss to investigate thoroughly and recommend measures against re-occurrence.

+ Please see list of patronizing insurance companies.