African Alliance Insurance coverage pays N780m to annuitants

The interim administration/board of African Alliance Insurance coverage has paid about N780m to annuitants.

This was disclosed in an announcement made accessible to The PidomNigeria on Tuesday.

In October, the Nationwide Insurance coverage Fee sacked the board and administration of African Alliance Insurance coverage Firm.

Asserting the sack on the fee’s Lagos workplace, the Commissioner for Insurance coverage, Olusegun Omosehin, stated that the motion was taken to guard the boldness of the purchasers.

In line with the brand new administration, annuitants with real claims are being paid.

Talking on this improvement, the Managing Director/Chief Govt of African Alliance, Jacob Erhabor, affirmed the corporate’s dedication to fulfilling its contractual obligations.

“We’re taking deliberate steps to make sure that all real claims are paid promptly within the new dispensation” This marks the start of a brand new period for the African Alliance. We perceive the significance of belief within the insurance coverage business and we’re absolutely dedicated to rebuilding confidence amongst our stakeholders. ”African Alliance shall be nice once more,” Erhabor stated.

The interim administration/board stated this initiative is a part of a broader strategic plan to stabilise the corporate, strengthen its monetary place, and improve operational effectivity.

He added that the administration was implementing strong measures to confirm and authenticate reported claims to make sure that solely real claims are settled by the corporate.

Policyholders and different stakeholders are inspired to stay assured within the model as the brand new administration and board work tirelessly to revive the African Alliance to its rightful place of prominence and reliability within the Nigerian insurance coverage ecosystem.