AIICO INSURANCE SURPASSES N200BN IN CLAIMS PAYMENTS
AIICO Insurance Plc has paid out over N200 billion in claims and benefits over the past five years, highlighting its commitment to customer satisfaction and reliability.
Key Details:
- Total Claims Paid: N200.9 billion from 2019 to 2023.
- Highest Annual Payouts: N47.3 billion in 2021 and N46.5 billion in 2023.
- Annual Breakdown:
- 2019: N30.6 billion
- 2020: N31.6 billion
- 2022: N44.9 billion
Statements from Management:
- CEO Babatunde Fajemirokun: Emphasized the firm's dedication to customer service, ensuring swift and fair settlement of genuine claims. He also highlighted the use of advanced technology to enhance claims processing.
Company Overview:
- Founded: 1963
- Products: Life and general insurance, health insurance, and investment management services aimed at wealth creation and protection for individuals, families, and corporate clients.
AIICO Insurance Plc has paid out over N200 billion in claims and benefits over the past five years, highlighting its commitment to customer satisfaction and reliability.
Key Details:
- Total Claims Paid: N200.9 billion from 2019 to 2023.
- Highest Annual Payouts: N47.3 billion in 2021 and N46.5 billion in 2023.
- Annual Breakdown:
- 2019: N30.6 billion
- 2020: N31.6 billion
- 2022: N44.9 billion
Statements from Management:
- CEO Babatunde Fajemirokun: Emphasized the firm's dedication to customer service, ensuring swift and fair settlement of genuine claims. He also highlighted the use of advanced technology to enhance claims processing.
Company Overview:
- Founded: 1963
- Products: Life and general insurance, health insurance, and investment management services aimed at wealth creation and protection for individuals, families, and corporate clients.