Niger Insurance Pays N1.15bn Claims Between 2020 And May 2021


Niger Insurance has commenced the liquidation of some of its assets to meet it’s claim obligations to policy holders.

The firm also reported the payment of N1.15 billion to Policyholders between 2020 and now.

Reacting to the recent publication in a national newspaper on 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.

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