Monday 28 July 2014

AIICO Insurance leads on claims payment with N10.18b in 2013

AIICO Insurance Plc is leading other underwriters in claims payment as it paid N10.18 billion to claimants last year.

The claims payment status released by the National Insurance Comission (NAICOM) stated that the firm made the largest claims amidst the 22 firms that have secured approval for their last year's accounts.

The firm was followed by Leadway Insurance with N6.84 billion, Continental Re N5.9 billion, Custodian and Allied N5.76 billion, Mansard Insurance Plc N4.7 billion, Sovereign Trust Insurance N2.90 billion, Zenith Insurance N2.82 billion.

Others are Cornerstone Insurance N2.80 billion, Niger Insurance Plc N2.72 billion and NSIA formerly ADIC Insurance Limited N2.58 billion.

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