Niger Insurance Pays N1.15bn Claims In 18 Months
Mr. Edwin Igbiti, MD/CEO
The Managing Director, Niger Insurance Plc, Edwin Igbiti, said the Company has paid N1.15 billion claims to Policyholders between 2020 to date.
He noted that the company is equally working on liquidating some of its real estate assets to further alleviate the plight of its policyholers.
Reacting to the recent publication in a national newspaper on expulsion of some member insurers by the Nigerian Insurers Association (NIA), on allegation of failing to meet obligations to policyholers, Igbiti, promised that his firm will not relent in meeting customers’ expectations.
It would be recalled that Niger Insurance was mentioned along other two Insurance Companies as those expelled from membership of the Nigerian Insurers Association (NIA) by the Leadership of the association for failing to meet their obligations to policyholders.
According to him, “in addition to meeting commitment to our policyholders, we have created customer engagement forum to address customers’ complaints, which has been very effective in addressing concerns and enquires, especially, in the present status of the company and management initiatives.
“Our traction and achieved milestones were also communicated at various conferences and media parley held by the company.”
Niger Insurance, he promised, remains responsible and committed corporate organisation, while assuring the insuring public and all stakeholders that it will ensure all obligations especially, in the area of claims payments are met to the extent of its established liabilities and provision of insurance practices.
