Niger, NEM Insurance firms pay claims to policyholders

Niger  and NEM insurance companies have paid N9.55 billion as claims to their policy holders from 2020 to date.

While Niger Insurance paid N1.15 billion, NEM paid N8.4 billion for the financial year ended Dec. 31, 2020, an increase of 15 per cent against N7.3 billion achieved in 2019.

Mr Edwin Igbiti, Managing Director and Chief Executive Officer of Niger said they were also working on liquidating its real estate assets to further alleviate the plight of its policy holders.

According to him, the firm would not relent efforts in meeting the expectations of its customers.

“In addition to meeting our commitments of our policy holders, we have created customer engagement forum to address customers’ complaints.

“This have been very effective in addressing concerns and enquires, especially, in the present status of the company and management initiatives, ” Igbiti said.

He emphasised that the company would remain a responsible and committed corporate organisation.

The managing director assured its stakeholders that all obligations, especially in the area of payment claims, would be met in line with the provisions of insurance practices….


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