• Saturday, May 18, 2024
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BusinessDay

African Alliance Insurance pays N27.6bn claims in 3 years

Life insurance is ray of hope in tough times, says African Alliance CEO

African Alliance Insurance Plc reaffirmed its position as a beacon of unwavering strength and stability in the Nigerian insurance industry with the payment of N27.6 billion in the past three years.

“From year 2020 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”.

Read also: How insurance keep businesses growing in tough times

Joyce Ojemudia, managing director/CEO, African Alliance Insurance Plc said it remains firm with its unwavering strength and stability in the Nigerian Insurance Industry as it gears towards 2024 business year despite the heightening inflation rate.

Ojemudia made the remark at its 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.

She stated “with a foundation that rests on a bedrock of financial prudence and strategic investments, African Alliance’s success is evident by the lives it has safeguarded, while consistently delivering on her promise to compensate policy holders as at when due”.

Joyce Ojemudia also stated that African Alliance is committed to putting the customer first in all her dealings, while ensuring prompt responses and settlement of claims.

Read also: Olabisi Adekola Executive Director, African Alliance Insurance Plc

“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.”