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Insurer pays n501million claims in q1

Insurer pays N501million claims in Q1

Great Nigeria Insurance Plc uncovered its obligation to respecting certified cases as and when due, as its quarterly complete cases pay was N501.6 million.

Addressing The Guardian, the Head of Corporate Communications and Brand Manager (GNI), Oyinkansola Sobande, said guarantee commitments have expanded, which he ascribed to the financial decline.

As per her, "each guaranteed needs to guarantee at each given chance, which has affected the case figures since the event of the pandemic."

The rundown of the cases paid in the principal quarter of 2021 shows that bunch life had the most elevated figure of N422 million while the overall protection business added up to N79m.

While remarking on the goal of the association as respects claims settlement, the Managing Director/Chief Executive Officer, Cecilia Osipitan, said: "There is no trade-off to guarantee settlement in GNI because each guarantor wishes to guarantee that supporters appreciate the advantages of taking any type of the protection strategy."

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