Niger Insurance Settles N1.15bn Policyholders Claims

Between 2020 till date, Niger Insurance has reportedly settled N1.15billion claims to its policyholders.

This is just as the company announced that it is equally working on liquidating some of it’s real estate assets to further alleviate the plight of its policyholders.

It would be recalled that the Nigeria Insurance Association (NIA) has expelled the three troubled companies, Niger, IGI and Standard Alliance.

Reacting to the expulsion of some member insurers by the Nigerian Insurers Association (NIA), on allegation of them failing to meet obligations to policyholers, the managing director/CEO, Niger Insurance Plc, Mr. Edwin Igbiti, promised that his firm will not relent in meeting customers’ expectations.

According to him, “in addition to meeting commitment to our policyholders, we have created customer engagement forum to address customers’ complaints, which has been very effective in addressing concerns and enquires, especially, in the present status of the company and management initiatives.

“Our traction and achieved milestones were also communicated at various conferences and media parley held by the company.”

Niger Insurance, he promised, remains responsible and committed corporate organisation, while assuring the insuring public and all stakeholders that it will ensure all obligations especially, in the area of claims payments are met to the extent of its established liabilities and provision of insurance practices.