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Tag: Chi

  • CHI pays N1.28b claims in nine months

    CHI pays N1.28b claims in nine months

    Consolidated Hallmark Insurance PLC (CHI) paid N1.296 billion claims to its customers in the first nine months of the year.

    Its Managing Director, Eddie Efekoha, who made this known in a statement in Lagos, said the firm was  excited about payment. He said the fund was expended on the claims during the month ended September 30, 2016.

    Efekoha, also the chairman of the Nigerian Insurers Association (NIA), said the amount paid  represents a 43 per cent increase over the N902,208,592 paid out by the company during the corresponding financial period in 2015.

    He added that this is a trend in line with the prompt claims settlement disposition of the underwriting firm, and assured its clientele of the firm’s best in customer service delivery culminating in prompt claims settlement.

    He further disclosed that there was a modest rise in net underwriting income of the firm from N2.558 billion in 2015 to N3.02 billion as at close of business on September 30, 2016.

    The 18 per cent increase after provisions for reinsurance expenses, commissions and fees is attributable to astute management of the firm, in spite of the prevailing economic situation in the country, which has seen premium rates remaining stagnant or reducing while inflation spirals to double digit. Consolidated Hallmark achieved a gross premium Income rise of N4.88billion when compared with the N4.65 recorded during the nine months period of 2015, he said.

  • Chi connects consumers via social media

    chi Limited, fruit juices and beverages maker, is leveraging on the digital and social networking space to connect with consumers. This, it does by not only rewarding consumers, but activating important consumer touch points in exciting and fun ways.

    Active across all the leading social media platforms like Facebook, Twitter and Instagram, Chi Limited recently concluded a series of social media contest such as ‘My 100% Achievement Contest’ and ‘Tea Side of Life Promo’ for Chivita 100% fruit juice and Chi Ice Tea respectively.

    Other promos include Hollandia Yoghurt’s ‘Colours of Goodness Contest’, Chi Happy Hour ‘Burst of Refreshment Dance Contest’, Chi Exotic ‘My Exotic Weekend Promo’ and Chivita Active ‘Vegetable fruit Mix Promo’.

  • CHI reiterates commitment to youth development

    Chi Limited has said its partnership with King Jaja Hall of Residence at the University of Lagos for its Hall Week was to engage a critical segment of its consumers and support youth development initiatives.

    The partnership is coming a few weeks after the company  supported the university‘s Marine Football Club and the Lagos State Principal’s Cup, one of the biggest grassroot football competitions in Nigeria.

    Inuagurated in 1974, King Jaja Hall is said to be the most famous and prestigious hall in the university and home to over 1,000 students. Its Hall Week activities are annual events that round up the session, which ease academic stress and give opportunities to residents to showcase their talents and socialise with one another.

    Chi Limited, through this partnership, seeks to sustain the brand equity of its Chivita 100 per cent.

    The Chairman, King Jaja Hall, Taiwo Ibrahim Abiola, thanked the management of Chi Limited for coming on board to add excitement to the Hall Week.

    He said: “For a company with a reputation for supporting youth development initiatives across Nigeria, the partnership with King Jaja Hall by Chi Limited to celebrate our weeklong activities comes as no surprise.”

    Also, the Chi Limited’s Managing Director, Deepanjan Roy, said, “our youths are key to our future and we need to do everything we can to help them achieve their full potential so that they in turn can do their own bit to help shape and share in our future success”.

    “For us at Chi Limited, we shall continue to offer the best there is in fruit juices, dairy products and snacks for their wellbeing whilst supporting positive initiatives to ensure an all-round development for the youths,” he said.

  • Chi reiterates commitment to youth devt

    Chi Limited has partnered  King Jaja Hall of Residence in the University of Lagos to celebrate its Hall Week. The event was in line with the firm’s efforts to engage  a critical segment of its consumers, as well as support youth development initiatives.

    This partnership is coming just a few weeks after the company’s support for University of Lagos Marine Football Club and the Lagos State Principal’s Cup, which is renowned to be one of the biggest grassroots football competitions in Nigeria.

    Inaugurated in 1974, King Jaja Hall is home to over 1000 students. Its hall week activities are annual events that round up the session, easing off academic stress and giving opportunities to hall residents to showcase their talents and socialise with one another through various extracurricular activities.

    Chairman, King Jaja Hall, Taiwo Ibrahim Abiola, praised the management of Chi Limited for coming on board to add excitement to this year’s hall week.  “For a company with a reputation for supporting youth development initiatives across Nigeria, the partnership with King Jaja Hall by Chi Limited to celebrate our week-long activities comes as no surprise. Chivita fruit juice is already hugely popular amongst the youths on this campus because it is a 100 per cent fruit juice and contains no added sugar, no preservative and no added colours. It is also refreshing, nourishing, and in affordable packs”, he said.

    According to Chi Limited’s Managing Director, Deepanjan Roy, “Our youths are key to our future and we need to do everything we can to help them achieve their full potential so that they in turn can do their own bit to help shape and share in our future success. For us at Chi Limited, we shall continue to offer the best there is in fruit juices, dairy products and snacks for their wellbeing whilst supporting positive initiatives to ensure an all-round development for the youths.”

    Chi Limited, through this partnership, seeks to bring the brand truth of Chivita 100 per cent to life.

  • Chi promotes youth development

    Chi Limited, producers of Chivita 100 per cent fruit juice, is partnering with King Jaja Hall of Residence, University of Lagos (UNILAG), to promote youth development.

    Managing Director Deepanjan Roy said the partnership was in line with the company’s efforts to engage a critical segment of its consumers.

    “Our youths are key to our future and we need to do everything we can to help them achieve their full potential so that they in turn can do their own bit to help shape and share in our future success.

    “For us at Chi Limited, we shall continue to offer the best there is in fruit juices, dairy products and snacks for their well-being whilst supporting positive initiatives to ensure an all-round development for the youths,” he said.

     Roy added that the partnership would help to bring the Chivita 100 per cent brand to life. “The brand successfully achieved this through direct interaction with the students who are full of vitality and are largely health conscious. They were excited that the brand is made from 100 per cent pure fruit juice which contains “No Added Sugar”, “No Preservative and No Added Colours”.

  • Chi rewards customers via Facebook, Twitter, others

    CHI  Limited is deploying Facebook, Twitter and Instagram, and other digital social networking space to serve and reward its customers. The firm constantly activates all important consumer touch points in exciting and fun ways that also reward the consumer.

    Active across all the leading social media platforms, Chi Limited, a fruit juices and beverages firm,  has concluded a series of social media contest such as ‘My 100 per cent Achievement Contest’ and ‘Tea Side of Life Promo’ for Chivita 100 per cent fruit juice and Chi Ice Tea respectively.

    Other promos included Hollandia Yoghurt’s ‘Colours of Goodness Contest’, Chi Happy Hour ‘Burst of Refreshment Dance Contest’, Chi Exotic ‘My Exotic Weekend Promo’ and Chivita Active ‘Vegetable fruit Mix Promo’.

    “The promotions generated huge interest and tremendous participation even as the number and quality of entries from consumers for the promos also ensured that it remained very interactive and competitive,” Chi Limited’s Head of Marketing, Probal Bhattacharya, said.

    He explained that to stand a chance of winning in the various social media contest, consumers had to like the brand’s page on Facebook and follow it on Instagram and Twitter. He said entries were to be made through the social media platforms. From the submissions, entries were selected and final winners emerged from the overall number of likes and points each of the selected entries received.

  • Chi unveils Come over to the Tea Side of Life Tv ad

    For Iced Tea consumers acrossNigeria, exciting times are here as Chi Limited, Nigeria’s market leader in juice and fruit drinks unveils a new marketing communication campaign for its Iced Tea brand tagged Come over to the Tea Side of Life.

    Meant to promote the culture of tea consumption across various strata of society, the Tv Ad aptly delivers the emotional attributes of refreshment, rejuvenation and naturalness associated with the brand in a resonating manner.

    The advertisement which is being deployed through television, radio, billboards and digital platforms as well as other marketing and trade activations is already receiving wide acclaim for its succinct depiction of the Chi Ice Tea brand with premium and persuasive imagery.

    The Tv Ad highlights an experience with Chi Ice Tea, which is in line with its brand promise of tasty refreshing goodness. Set on a beach, it portrays a lady who is in desperate need of respite and refreshment.

    She stumbles on a pack of Chi Ice Tea to quench her thirst and is instantly rejuvenated. This is dramatically depicted in her morphing and transforming into a refreshing mix of cool ice with hints of natural tea leaves & fruity flavors. This feeling of rejuvenation and refreshment is almost viral and triggers a chain of spontaneous refreshing reactions on the bright sunny beach. The whole crowd is invited to come over to “the tea side of life”, where each one gets refreshed and joins the crowd dancing to the beat of Chi Ice Tea.

    Importantly, the advertisement seeks to attract the attention of its target audience by featuring a diverse race of carefully selected characters, all coming together to celebrate and connect through dance and camaraderie, thus reinforcing the brand as world class and of premium quality.

    The Managing Director, CHI Limited, Deepanjan Roy said: “Ingrained in our processes is the desire to primarily cater to the needs of discerning Nigerian consumers, for high quality, healthy and refreshing drinks. Chi Ice Tea is another brand from CHI Limited that stands out as a world class drink with tasty refreshing value. We are confident that with our commitment to ensuring that consumers get only the best, Chi Ice Tea would continue to remain the number one Ice Tea brand of choice for refreshment and rejuvenation by millions of consumers across Nigeria.”

  • CHI Limited wins 2015 customer service award

    CHI Limited, the makers of Chivita, Hollandia, Capri-Sonne and SuperBite range of products, has won this year’s Nigeria Customer Service Excellence Award for being the best Customer Service Company in the Beverage sector.

    CHI Ltd, known for its quality products, loved brands, and excellent customer service, has received numerous awards over the years as recognition of these values, like The African Quality Achievement Awards in 2014 and The Generation Next Awards in 2013 to name a few.

    The Nigeria Customer Service Awards (NCSA) is a prestigious annual award that celebrates service excellence in Nigeria, by recognizing companies that deliver effective and exceptional customer services. Speaking at an award ceremony held in Lagos, Co-ordinator, Nigeria Customer Service Awards Limited, Dr. Aliyu Ilias, disclosed that the fruit juice market leader was adjudged as the winner of the award having fulfilled all the stipulated criteria and received vast majority of nominations from customers on the various voting platforms.

     

     

     

    According to him, “CHI Limited emerged as the best Customer Service Company in the FMCG/Beverage sector through appreciable feedback from the following criteria: nominations from Nigerians; customer feedback, review of employee job satisfaction/performance standards; and mystery shopping services” he stated

    The Managing Director, CHI Limited, Deepanjan Roy, said the company thrives on the support and patronage of its customers and would therefore stop at nothing in ensuring that customers get excellent product and quality services.

    “This award is a testament to the hard work and strategy employed by the company to satisfy the needs of our esteemed customers and fulfill their expectations. It is dedicated to our numerous customers who believe in our relationship with them and support us to actualize our vision of creating value that is timeless,” Deepanjan stated.

     

  • Chi unveils Chivita 100% or nothing marketing campaign

    Chi unveils Chivita 100% or nothing marketing campaign

    Chi Limited has unveiled its new marketing communication campaign tagged ‘Chivita 100% or Nothing’ as part of effort to reinforce its flagship’s brand proposition and strengthen the credential of the brand in the marketplace. The campaign which is being deployed through television, deigital, out of home, consumer activation and point of sales initiatives demonstrates the brand’s commitment to quality and excellence.

    For a fruit juice, renowned for it’s no added sugar, no preservatives and no colouring, the campaign projects the brand Chivita  as the best quality fruit juice in the market as well as reiterates its partnership with Manchester United in an engaging way.  Already, the television commercial is generating buzz across the digital platform as visits to the Youtube page where the commercial has been uploaded has witnessed an upsurge in viewers. The commercial which is also airing on terrestrial as well as satellite television stations in Nigeria has also created visibility and positive talkability amongst consumers.

    Speaking on the marketing campaign, its Head of Marketing, Mr. Probal Bhattacharya said the campaign highlights Chivita 100% with purity, commitment & nothing but the best which is its recipe for premium quality, thereby providing all the ingredients for success, achievement & leadership

    “We do everything possible to ensure that Chivita 100% lives up to its brand promise of goodness and the best there is. This also explains our partnership with the world’s most valuable football club brand because for us it is the best or nothing” he added.

    The television commercial has already started running on major Television stations in Nigeria featuring top rated football stars like Robin Van Persie, Angel Di Maria, Antonio Valencia, Radamel Falcao, and Jonny Evans. The advert opens with a glistening pack shot of Chivita 100% fruit juice; condensation dripping down the carton and as the hand appears to open the cap the camera zooms inside the pack into a world of juice, wherein superstars of football showcase there soccer skills with a “Juice Ball” on a football pitch filled with pure natural appetising juice.

  • CHI posts N4.6b premium income

    Consolidated Hallmark Insurance Plc has posted a premium income of N4.67 billion in its financial year ended 2014 compared to the N4.15 billion recorded during the 2013 Financial Year.

    The company recorded an underwriting profit of N863.2 million compared to N1.05 billion recorded in 2013.

    Profit Before Tax moved from a loss situation of N 181.1 million in 2013 to N205.6 million in 2014 while profit after tax also grew from a negative position of N200.5 million in 2013 to a profit of N193 million in 2014.

    The Company Chairman, Dr Ugo  Obi Ralph Ekezie who made this known in Lagos, said the results have placed the company again on the path of profitability, a trend which was only broken briefly during the 2013 financial year when significant provision was made for impairment charges.

    He said it is good to know that the temporary setback has now been reversed with these results, adding that the unaudited financial statements of the company for the half year ended June 30, 2015 is indicative of the improved health in its finances.

    He said: “Profit before Tax for the period currently stands at N 469 million with retained earnings of N148 million.

    “It is hoped that this trend will be sustained for the rest of the year, and on the account of that, the board has decided to pay an interim dividend of N120 million upon approval.

    He said that the future economic outlook of the country will be quite challenging, especially against the backdrop of falling crude oil prices and depreciating value of the Naira. Ekezie is however hopeful that the future of the insurance industry remains very bright giving the existing low penetration rate.

    He assured the shareholders that the company will take full advantage of technology to drive the retail segment of the insurance market, and revealed that there are also plans in place to partner with Nigerian banks to drive the Bancassurance model for which the Central Bank of Nigeria recently issued a guideline.

    Managing Director, CHI, Eddie Efekoha, said  the company’s 2014 financial year results do not appear as robust as they expected since the company, like others in the sector and other players in financial services operated under very challenging economic conditions.

    “The power sector reforms that heralded transfer of ownership to the private sector, beginning with the Distribution Companies (DISCOs) came with much hope for a reduction in expenditure on energy in 2014. However, not much progress was recorded as we continued to expend a large chunk of resources to generate our own energy.

    “Also, the devaluation of the local currency which moved the official band to N168 to $1 shot up the rates close to the N200 to $1 mark during the year. This impacted heavily on our expenses as practically all partners adjusted their pricing templates to reflect the new realities,” he said.

    Efekoha said it is pertinent to mention that in spite of the difficult operating terrain, some positive developments are occurring in the industry.

    The regulatory environment in the Nigerian Insurance market helped in no small measure, as envisaged, to minimise the incidence of outstanding premium, he added.

    “Enforcement of the “No Premium, No Cover” provision which began  in 2013 was intensified during the year, hence there has been a remarkable improvement in cash flow.

    “We are happy to report also that conflicts with clients over periodic statement of account positions have been reduced to the barest minimum, and we are confident that reconciliations shall be purely on details and not outstanding premium”, he said.