‘Insurers Pay 54% Of Income As Claims To Policyholders In 2023’ …C0NTINUE READING HERE >>>
Of the over N1 trillion Gross Premium Income of the insurance industry in 2023 financial year, insurance companies paid N536.5billion translating to 54 per cent of the income generated, as claims in 2023 financial year, says the chairman, Nigeria Insurers Association(NIA), Mr. Kunle Ahmed.
Ahmed, who is also the managing director/CEO of AXA Mansard Insurance Plc, noted that allocation of such huge money from its income for payment of claims, shows that the insurance industry has improved and has always been paying genuine claims.
Speaking at his pre-Investiture media unveiling as…
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