Sunday 29 June 2014

NIA limits claims to customers’ complaints bureau to minimum of N100m


Thomas
Chuks Udo Okonta

The Nigerian Insurers Association (NIA) has said only claims issues that are N100 million and above should be referred to its Customers’ Complaint Bureau, saddled with the responsibilities of resolving problems between insurers and the insured.

Its Director-General, Sunday Thomas, disclosed this at the association’s annual general meeting in Lagos, adding that the resolution was reached in the review of the operation guidelines for the NIA customers’ complaint bureau.

He noted that the desire to review the guideline was informed by the need to widen the scope and enhance the efficiency of the established alternative dispute resolution mechanism.

He said: “The association’s desire to widen the scope and enhance the efficiency of the established alternative dispute resolution mechanism required that the operational guideline for the resolution of customers’ complaint bureau be reviewed. This was effected, to include the resolution of disputes between members companies.

“A mediation advisory committee was established with the responsibility for reviewing disputes between members companies. Where however an insurer is not satisfied with the decision of the committee, such insurers shall be free to lodge its complaint with the association’s customers’ complaint bureau.

“The review also included the introduction of a limit on the value of claims that should be referred to the bureau; this was set at a minimum of N100 million.”

Former Chairman of the association Olusola Ladipo-Ajayi, said the bureau was not established to witch-hurt anybody or to de-market any company, but to provide fast dispute resolution mechanism between insurer and their clients.

“What we suffer is that when one insurance company does extremely well, the members of the public would say this is rather an exception, the company takes the credit alone, but when one company does exceptional bad, rather than seen that as an exception, the public would say that is the way insurance industry behaves. So, this is our concern and it was generally agreed that we submit to the jurisdiction of the customers’ compliant bureau.”

He said a number of cases have been resolved amicably through the bureau.      

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