BY NKECHI NAECHE- ESEZOBOR— In a bold step towards restoring public confidence and repositioning the company for sustained growth, the Interim Management and Board (IMB) of African Alliance Insurance Plc, has commenced the payment of all genuine claims and annuities with a N780 million.
This has come barely 30 days of the inauguration of the Interim management
by the National Insurance Commission, NAICOM.
This significant move underscores the company’s renewed commitment to upholding its core values of integrity, transparency, and customer-centricity.
The new leadership has reiterated its resolve to address all outstanding claims swiftly, ensuring that policyholders and beneficiaries experience the reliability and trust that have been the hallmark of the company for decades.
Speaking on the development, the Managing Director/Chief Executive of the company, Jacob Erhabor, affirmed the company’s dedication to fulfilling its contractual obligations.
He said “we are taking deliberate steps to ensure that all genuine claims are paid promptly in the new dispensation” This marks the beginning of a new era for African Alliance. We understand the importance of trust in the insurance industry, and we are fully committed to rebuilding confidence amongst our stakeholders. African Alliance will be great again.”
He noted that the initiative is part of a broader strategic plan to stabilize the company, strengthen its financial position, and enhance operational efficiency.
“The management is implementing robust measures to verify and authenticate reported claims with a view to ensuring that only genuine claims are settled by the company.
“Policyholders and other stakeholders are encouraged to remain confident in the brand as the new management and board work tirelessly to restore life company to its rightful place of prominence and reliability in the Nigerian insurance ecosystem.
He stated that African Alliance remains steadfast in its mission to provide dependable insurance solutions that cater to the evolving needs of individuals groups and businesses.
With this renewed focus, the company is set to regain its rightful position as a leading player in the Nigerian insurance industry.
