African Alliance Pays Over N27.6 billion Claims In Three Years, Pledges To Do More In 2024
Mrs. Joyce Ojemudia, MD/CEO, African Alliance Insurance Plc
Foremost life insurer, African Alliance Insurance Plc, has reiterated its commitment to timely payment of genuine claims to its teeming policyholders in the years ahead even as the Company said it paid over N27.6 billion in claims in three years (2020-2023)
The Managing Director/CEO of the Firm, Mrs. Joyce Ojemudia disclosed this while speaking at the just concluded strategy session and retreat of the company in Lagos where the board and management came together to review their 2024 outlook and decided on winning customer focused strategies to deliver more value to its customers in the years ahead.
Mrs Ojemudia said the Company will continue to maintain its position as a beacon of unwavering strength and stability in the Nigerian Insurance Industry as it gears towards 2024 business year despite the heightening inflation rate?
She stated that “with a foundation that rests on a bedrock of financial prudence and strategic investments, African Alliance’s success is evident by the lives it has safeguarded, while consistently delivering on her promise to compensate policy holders as at when due”.
Joyce Ojemudia also stated that African Alliance is committed to putting the customer first in all her dealings, while ensuring prompt responses and settlement of claims.
She said “From 2020 till date, African Alliance Insurance Plc has paid out over N27.6 billion in genuine claims to customers and remains committed to doing so in the years to come. We wish you maintain and even exceed our consistent 17% increase in claims settlement year on year which we have maintained since 2020.
“It is therefore not far-fetched to say that African Alliance stands as a testament of resilience and strength. The company is not just a life insurer but a custodian of trust, safeguarding the dreams and aspirations of countless individuals and families in the society.”
Incorporated in 1960, African Alliance Insurance Plc is widely regarded as the strongest and most experienced life insurance specialist in these climes with its head office in Lagos and 18 branches nationwide.
