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GNI settles N700m claims in six months

By on September 8, 2016

Great Nigeria Insurance Plc paid N700m claims between January and June to its customers, the company said in a statement on Tuesday.

General business accounted for over 19 per cent of the figure while life insurance business constituted about 80 per cent of the claims, it added.

According to the Managing Director/Chief Executive Officer, GNI, Mrs. Cecilia Osipitan, the insurance works on the promise to pay compensation for any insured in the case of any eventuality.

She therefore urged policy holders to ensure that any losses experienced were reported immediately to the company in order to facilitate prompt settlements.

She added that the GNI had overtime upgraded its processes and Information Technology infrastructure, having realised the importance of improved real time and cutting-edge technology in pushing the frontiers of its operations.

The Chief Technical Officer, GNI, Mr. Folusho Alliyu, was also quoted as stressing the company’s commitment towards prompt claims settlement.

The continuous existence of any underwriting firm, he said, depended largely on its ability to fulfill its obligation customers as and when due.

Alliyu said, “Prompt claims settlement is not just an attribute but a culture that has been adopted by all personnel in the GNI; we do not intend to fall short of this obligation and we will continually strive to make good our promise of exceptional service delivery at every point in time.”

He encouraged Nigerians to imbibe insurance culture as a vital part of their daily existence.