about us

“ Greetings from The New African Research Development Agency (NARDA). This is to commend the Team at Mutual Benefits Assurance Company for their efficiency in handling our vehicle insurance over the years. We hope this level of professional partnership will continue as we work together for the smooth administration of our insurance coverage. Kind Regards ”
Alveria Morris-Raynes
Administrative associate
about us

how we started

Professionalism, Integrity, and Dynamism

Mutual Benefits Assurance Company (MBA) was incorporated in December 2007 as a composite insurer with an Authorized Capital of US$5,000,000.00 out of which US 3,750,000 is fully paid. The company is therefore licensed to transact all classes of Insurance Business.

We have been in operation for over 14 years with thousands of claims fully settled.

At MBA, our core beliefs are professionalism, integrity and dynamism.

our Mission

To transcend the expectations of our customers for the satisfaction of wealth protection needs through the provision of qualitative insurance and risk management services thereby creating value for all stakeholders.


To act with due care and diligence in the pursuit of excellence in an atmosphere of mutual respect and understanding.


Integrity, Responsiveness, Leadership, Knowledge, Continuous Improvement.

Board of Directors

Amb. Dew Tuan-Wleh Mayson

Board Chair

Dr. Akin Ogumbiyi

Board Vice - Chair

Akin Opeodu

Member of Board

Management team

Specialized team with more than 30 years of experience

S Ignatius Satiah

Acting General Manager


Deputy General Manager, Technical


Finance & Compliance Manager

Jackie C. Smith

Head, Non-Life

Joseph T. Iber

Head Underwriting , Life

Borbor Koryon

Head, ICT

Products that work

Our Products are tailored to meet your every need. We provide all forms of insurance policiy that are flexible and beneficiary