Staco Insurance plc in the 2013 financial year paid out claims amounting to N1.87 billion, assuring consumers that the company would remain at its best in prompt settlement of all genuine claims, and other vale additions in insurance.
Sakiru Oyefeso, managing director/CEO of the Company said the insurance firm has already paid about N900 million claims during the first six months of the current year, pointing out that the company’s strength lies in its passion for high standards and prompt claims settlement.
These notable quality services has enabled us win numerous awards and we shall not relent, Oyefeso promised.
He added that “the modest achievements recorded by the company since its establishment had been possible through foresighted leadership and excellent team spirit by the staff of the company. Our vision is to be a world class provider of insurance and other financial services and we pursue this vision vigorously.”
While enjoining insurance operators to take insurance to the grassroots in order to increase the level of insurance penetration and density in the country, he said “We must all reckon with the fact that the insurance industry has remained underdeveloped because we have over the years placed more emphasis on large government and corporate accounts, leaving the grassroots unattended to.”
“This is not the case in advanced countries where insurance is the way of life and the last hope of all citizens. The efforts of our regulator in deepening insurance penetration by introducing the six compulsory insurances and anchoring sustained campaigns should be supported by other key stakeholders like underwriters, brokers and loss adjusters.”
The STACO boss added that “We, as insurance marketers need to evolve strategies, structures and capabilities to ensure that we align our selling processes with the latest technology in order not to lose significant income to technological advancement.”
Modestus Anaesoronye
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