Claims: African Alliance Pays N4.08 Billion In Six Months

For the first six months of 2022, African Alliance Insurance Plc has paid N4.08 billion claims to its customers across several lines of business.

Joy Ojemudia, the Managing Director/Chief Executive Officer, African Alliance Insurance Plc, speaking on the firm’s claims profile, reaffirmed the company’s commitment to paying genuine claims conformably.

“African Alliance Insurance Plc was built on a solid foundation of claims payment. Year in, year out, we do not shy away from fulfilling this critical obligation to our policyholders as due.”

While expressing the company’s commitment to satisfying its customers, she said, “Our pay-off is not just an empty statement of facts but indeed an assurance, to remain devoted to our policyholders despite unforeseen circumstances which may arise.

"It’s been 62 years, and we have not wavered from our commitment.”

The year-to-date breakdown reveals that the insurer paid N1.81billion in annuity claims; N857.2 million in individual life claims; N765.4 million group life; N436.3 million Takaful, as well as N208 million Esusu payouts.