Underwriting firm, Great Nigeria Insurance Plc reaffirmed its willingness and capacity to honour all genuine claims as and when due, just as it has paid out a total of N501.59 million to her various insured across the country in the first quarter of 2021.
The organization is a composite entity licensed to underwrite both Life and Non-Life insurance business.
Oyinkansola Sobande, corporate communications & brand manager of the Company said that the underwriting firm keen about paying claims and making its customers happy.
She however, stated that the claims experience so far this year has been very alarming which she attributed to the downturn in the economy. According to her, “every insured wants to claim at every given opportunity which impacted the claims figure since the occurrence of the pandemic”.
The ummary of the claims composition paid in the first quarter of 2021, shows that Group Life had the highest figure of N422 million while General Insurance business claims amounted to N79 million.
For the general business, Fire ranked first with total claims of N32.2 million, while General Accident recorded N25.8 million. The total sum of N12 million was paid on Motor Insurance, while Engineering gulped N6.7 million; Oil and Gas Insurance stood at N1.1 million; and Marine Insurance was N0.96 million.
While commenting on the intent of the organization as regards claims settlement, Cecilia O. Osipitan, managing director/CEO, said, “there is no compromise to claims settlement in Great Nigeria Insurance Plc because the major focus of the company is to ensure that our customers get to enjoy the benefits of taking out any form of insurance policy with us through prompt settlement of their claims when the need arises. That to us is the only way to prove that we are well and alive to our responsibilities as an underwriting firm in the country. We intend to uphold this obligation and we will continually strive to make good our promise at all times to delight our esteemed customers”.
Osipitan further stated that the company has put in place a friendly-claim-process with the major aim of putting smiles on the faces of its various customers across the country by ensuring that claims are settled within the shortest period possible on completion of all necessary documentation.
Our commitment to uphold our Vision and Mission has made the company one of the country’s most relevant and responsive insurance companies in the country. Great Nigeria Insurance Plc is no doubt a formidable force to reckon with in the Nigerian Insurance landscape with a network of offices spread across locations in the country buoyed by cutting-edge technology in delivering seamless and convenient insurance service to all teeming customers in the country and beyond.
