Claims: African Alliance Insurance PLC Pays N780m to Annuitants
By Andrew Ikehi
ASABA/Nigeria: In its poise at awakening public confidence and repositioning the company for sustainable growth and development, the Interim Management and Board (IMB) of African Alliance Insurance has commenced the payment of over N780 Million genuine claims and annuities.
Coming barely 30 days post-inauguration of the IMB, the payment, which is the first tranche in the series, according to the Managing Director/Chief Executive Officer of the company, Mr. Jacob Erhabor underscores the company’s renewed commitment to upholding its core values of integrity, transparency, and customer-centricity.
According to Erhabor, the company is irrevocably committed to resolving all outstanding claims swiftly and ensuring that policyholders and beneficiaries experience the reliability and trust that have been the hallmark of the company.
Reaffirming the company’s dedication to fulfilling its contractual obligations, Erhabor said, “We are taking deliberate steps to ensure that all genuine claims are paid promptly in the new dispensation” This marks the beginning of a new era for African Alliance.
“We understand the importance of trust in the insurance industry, and we are fully committed to rebuilding confidence amongst our stakeholders.
”African Alliance will be great again. “This initiative is part of a broader strategic plan to stabilize the company, strengthen its financial position, and enhance operational efficiency.
“The management is implementing robust measures to verify and authenticate reported claims to ensure that only genuine claims are settled by the company.
“Policyholders and other stakeholders are encouraged to remain confident in the brand as the new management and board work tirelessly to restore African Alliance to its rightful place of prominence and reliability in the Nigerian insurance ecosystem.
“African Alliance remains steadfast in its mission to provide dependable insurance solutions that cater to the evolving needs of individuals groups and businesses. With this renewed focus, the company is set to regain its rightful position as a leading player in the Nigerian insurance industry” Erhabor posited.
