AIICO Insurance Plc, said is policyholders were redeemed from losses with N90 billion claims and benefits in the past five years in the company’s unwavering commitment to fulfilling its obligations to its teeming customers.
A breakdown of the company’s claim profile shows that in 2014, AIICO paid N10.5 billion claims and it has since continued to rise from N13 billion in 2015 to N14.6bn in 2016, N23.3 billion in 2017 and N29.1 billion in 2018, represent an average annual growth of 27.7 percent. This year-on-year increase is an indication that the company has kept its focus on superior service delivery for differentiation.
Executive Director/Chief Operating Officer, Mr. Babatunde Fajemirokun, said the essence of the company’s existence is to make the policyholders happy and protect them from unexpected happenstances.
“As a company, we exist not just to create wealth, but to provide protection for our clients in return for premium payments. In the past 5 years, we executed our transformation plan and within the period, the improvements in our performance has also reflected in the growth of our claims and benefit payments. We are relentless in our resolve to continue to hold up our end of the bargain; through promptness in claims settlement.”
Head, Strategic Marketing & Communications Department, Segun Olalandu said the company is positioned for industry leadership by leveraging on the strength of its sales force and excellent service delivery.
AIICO, a leading composite insurer in Nigeria, commenced operations in 1963. AIICO provides life insurance, health insurance, general insurance, wealth management and pension management services as a means to create and protect wealth for individuals, families and corporate customers.
Comments are closed.