ADVERTISEMENT
The Sun Nigeria
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
The Sun Nigeria
No Result
View All Result
ADVERTISEMENT
Ley Your Dreams Come Alive – With FCMB Loans
Home Business

African Alliance hosts brokers, commits to prompt claims settlement

25th February 2021
in Business
0
African Alliance hosts brokers, commits to prompt claims settlement
0
SHARES
107
VIEWS
Share on FacebookShare on Twitter

African Alliance Insurance (AAI) has reiterated its commitment to prompt claims settlement to policyholders, pledging to continually collaborate with the Nigerian Council of Registered Insurance Brokers (NCRIB) to raise business patronage.
Managing Director/CEO, African Alliance, Joyce Ojemudia, gave this assurance recently when the underwriter played host to the “Members’ Evening” of the Council in Lagos.
Ojemudia, while appreciating the brokers for their continued support and patronage noted that in the first 40 days of 2021, (AAI) paid N967 million claims to policyholders.
Breaking down the payment, she said, “we paid N148.2 million to 155 individual life customers, N307.5 million to 141 Group Life claimants, N124.1 million to 168 Takaful claimants; N387.3 million to our annuitants and in the last quarter of 2020, we paid over N2.3 billion claims in line with our continued drive for customer satisfaction. As at today, our gross written premium has increased by 105 per cent compared with the same period last year.”
Speaking on the recapitalisation plans of the company, she said the firm was adopting three strategic directions including: Assets conversion, Rights issue/new investor and business combination.
According to her, the company last year concluded the sale of one of its main assets to raise more funds all of which have been reinvested into the business while its Board of Directors and targeted significant shareholders are on the verge of injecting additional funds into the company through private placement to further improve the capital base of the company ahead of the exercise due to be concluded before the end of Q2 2021.
She however noted that the option of business combination which is the last resort, would be considered in the event that the first two options fail to pull through.
On the company’s focus for 2021 and beyond, she said the firm will continue to excite its customers with stakeholder-focused innovation, constant claims payment whilst using technology to scale up its operations.
“Our strategy is clear and simple: customer satisfaction at all cost. As you may know, we were recently certified by the International Organisation for Standardisation and awarded the ISO 22301, a testimonial to our highly effective competitive advantage with respect to organisational reputation, credibility, process, and resilience to environmental volatility. This is an assurance of our business continuity. “We have also restructured our claims department and customer services unit to give top of the range service to our esteemed customers and shortly we will be launching a claims app to ease filing of claims with quick response.”
She thereafter solicited the support of brokers on all fronts especially, on increased business patronage even as the company remains steadfast to its commitment to becoming a better insurer.

Partner with me, let's get you making N500K to N500K a month! Skills open the doors to financial opportunities Click here to learn it .
100% Natural Herbs to Finally End Premature Ejaculation, Weak Erection and Small Manhood. >>>Click Here for Details<<< .
Cyril

Cyril

Related Posts

2021: FBNInsurance declares 74 kobo dividend
Business

2021: FBNInsurance declares 74 kobo dividend

27th May 2022
New Year: Jonathan, Atiku, Kalu, Oyetola, Tinubu, Anyim, others preach hope, peace
Business

Atiku releases 5-point agenda on economy

27th May 2022
MAN projects improved economic performance in Q1
Business

13% MPR hike’ll reduce real sector’s contribution to GDP –MAN

27th May 2022
Next Post
2 killed,10 injured in Texas shooting

Prolong pre-trial detention: US Embassy donates $3.9m to train NCS officials

Bandits kill 10, kidnap 24 others in Niger

EndSARS panel Submits reports in Niger

Kogi guber: Disqualified aspirants accuse APC of favouring Bello

Amaechi, Abe, others know fate on Rivers APC crisis next week

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT

Highlights

2023: Labour party foresees victory as Peter Obi’s joins fold

Security: Osun NSCDC partners Nigerian navy

Citizens’ right to vote shouldn’t be treated lightly, Buhari warns African leaders

2023: We will go ahead with convention – PDP

2023: Why APC must adopt Jonathan as consensus candidate — Pastor Prize Aluko

Nasarawa Speaker wins APC primary election unopposed to seek third term

Trending

Children’s Day: Ex-beauty queen, Nwadike celebrates with motherless children
Lifeline

Children’s Day: Ex-beauty queen, Nwadike celebrates with motherless children

28th May 2022
0

From Fred Itua, Abuja Former beauty queen and founder of Kelechi Nwadike Foundation, Miss Kelechi Nwadike, at...

asup

ASUP calls off two-week warning strike

28th May 2022
Sen Nwaogu declares for Senate, promises to re-introduce gender equality bill

Abia Central: Why I withdrew from APC primaries – Senator Nwaogu

28th May 2022
Ex-Gov Obi to speak at Chrisland varsity maiden convocation

2023: Labour party foresees victory as Peter Obi’s joins fold

28th May 2022
Security: Osun NSCDC partners Nigerian navy

Security: Osun NSCDC partners Nigerian navy

28th May 2022

Follow us on social media:

Latest News

  • Children’s Day: Ex-beauty queen, Nwadike celebrates with motherless children
  • ASUP calls off two-week warning strike
  • Abia Central: Why I withdrew from APC primaries – Senator Nwaogu
  • 2023: Labour party foresees victory as Peter Obi’s joins fold
  • Security: Osun NSCDC partners Nigerian navy
  • Citizens’ right to vote shouldn’t be treated lightly, Buhari warns African leaders
  • 2023: We will go ahead with convention – PDP
  • 2023: Why APC must adopt Jonathan as consensus candidate — Pastor Prize Aluko
  • Nasarawa Speaker wins APC primary election unopposed to seek third term
  • Black Saturday in Rivers: 31 feared dead in stampede
  • Abaribe makes U-turn, to contest Senate seat against Ikpeazu on APGA platform
  • PDP Primaries: Saraki remains the candidate to beat, Earl Onaiwu boasts.
  • Parents cautioned against shifting onus to teachers, caregivers
  • Police confirm one killed, four injured, houses razed in fresh crisis in Bauchi
  • HEDA condemns court order to pay Nyame’s pension arrears
  • Road to 2023: Why I withdrew from PDP presidential race – Hayatu-Deen
  • Bode George appeals to aggrieved PDP members not to defect
  • 2023: Stop waiting for inclusion, join younger parties – Rose Gyar urges women
  • Crisis mars APC House of Representatives Primaries in Niger
  • INEC’s extension of party primaries’ deadline, worrisome – TMG

Categories

  • Abuja Metro
  • Anambra Watch
  • Arts
  • Broken Tongues
  • Business
  • Business Week
  • Cartoons
  • Citizen Joe
  • Columns
  • Cover
  • Culture
  • Duro Onabule
  • Editorial
  • Education Review
  • Effect
  • Elections
  • Entertainment
  • Events
  • Features
  • Femi Adesina
  • Food & Drinks
  • Frank Talk
  • Funke Egbemode
  • Gallery
  • Global Square by Kenneth Okonkwo
  • Health
  • Insights
  • Kalu Leadership Series
  • Kunle Solaja
  • Kunle Solaja
  • Letters
  • Lifeline
  • Lifestyle
  • Literary Review
  • Marketing Matters
  • Muiz Banire
  • National
  • News
  • Offside Musings
  • Opinion
  • oriental news
  • Politics
  • Press Release
  • PressClips
  • Public Sphere
  • Ralph Egbu
  • Shola Oshunkeye
  • Sideview
  • South-west Magazine
  • Sponsored Post
  • Sporting Sun
  • Sports
  • Sun Girl
  • Tea Time
  • The Flipside – Eric Osagie
  • The Sun Awards Live
  • The Sun TV
  • Thoughts & Talks
  • Time Out
  • Today's cover
  • Tola Adeniyi
  • Travel
  • Travel & Tourism
  • Trending
  • TSWeekend
  • Turf Game
  • Uncategorized
  • Updates
  • Views from Abroad
  • Voices
  • World
  • World News
  • Home
  • About Us
  • Paper Ad Rate
  • Online Ad Rate
  • The Team
  • Contact Us
  • Privacy Policy

© 2019 The Sun Nigeria - Managed by Netsera.

No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun

© 2019 The Sun Nigeria - Managed by Netsera.

Posting....