BY NKECHI NAECHE-ESEZOBOR—African Alliance Insurance Plc, on Tuesday said it paid over N27.6 billion as claims to policyholders between 2020 to 2023.
Mrs. Joyce Ojemudia, Managing Director/CEO, 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.
According to her from 2020, year 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.
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She assured that 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 also stated that the company is committed to putting the customer first in all her dealings, while ensuring prompt responses and settlement of claims. Adding that
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.
