BY NKECHI NAECHE – ESEZOBOR–The National Insurance Commission (NAICOM) on Thursday directed insurance companies to pay all outstanding claims on or before 31st of December, 2024.
The commission further charged operators to ensure that no outstanding claims should be seen in any company financial statement of 2024.
The Head, Communication & Stakeholders Management Sub-committee and Managing Director Rex Insurance Limited Mrs. Ebelechukwu Nwachukwu, disclosed this while briefing journalists on the outcome of the Insurance Industry Committee meeting, held today in Lagos.
According to her the commission encouraged us to defend the insurance industry through payment of genuine claims.
In line with the pillars of 10 year roadmap for the insurance industry, the committee reconstituted the sub-committees which are as follows: Insurance Sector Stability,, Communication & Stakeholders Management, technology & Talent Management and Customer Service & Market Expansion.
