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Punch Newspapers Sections Published 7 May 2021 The Nigerian Insurers Association has said insurance companies have so far paid N4bn claims from the estimated losses from #EndSARS protests in October last year. The Chairman, NIA, Mr Ganiyu Musa, disclosed this during a virtual press briefing in Lagos on Thursday. He said, “The number of insured ac that were affected at the last count was about 2,000 insured losses and the industry has settled over N4bn claims in respect of the #EndSARS protest. “Once they are documented and completed, we have the commitment of our members that claims will be paid timely. ....
#EndSARS: Insurance companies paid N4 billion claims – Insurers’ association The Nigeria Insurers Association (NIA) says about 2,000 insured businesses were affected by the violence that erupted during #EndSARS protests last year. 2 min read The Nigerian Insurers Association (NIA) said Thursday that insurance companies have paid N4 billion as claims as a result of last year’s #EndSARS-related violence. Addressing journalists in Lagos, Ganiyu Musa, Chairman, NIA, said about 2,000 insured businesses were affected by the violence. Mr Musa also assured customers that all genuine claims resulting from the protests would be paid. He said insurance operators were still collating claims stressing that every genuine claim would be settled. ....
#EndSARS: Insurance companies pay N4bn claims â NIA Mr Ganiyu Musa, Chairman, NIA, disclosed this at a news conference in Lagos on Thursday. Musa also assured customers that all genuine claims emanating from the protests would be paid. He said insurance operators were still collating claims stressing that every genuine claim would be settled. âThe number of insured businesses that were affected at the last count was about 2,000 insured loss and the industry have settled N4 billion claims out of N4.5 billion in respect of the #EndSARS protests. â Once they are documented and completed, we have the commitment of our members that the claims will be paid timely,â he said. ....
Wed Apr 28 2021 The Group Managing Director/CEO, Cornerstone Insurance Plc, Mr Ganiyu Musa, has said the company paid N4.6 billion as claims to its clients in 2020. The CEO disclosed this at the Nigerian Council of Registered Insurance Brokers (NCRIB) Abuja Area Committee Annual General Meeting (AGM)/Election sponsored by Cornerstone Insurance held in Abuja. He also stated at the event that his company grossed about N20bn in premium income in 2020 and raised its capital base to over N9bn. “In terms of the strength of our finances, within 2020, we grew our gross premium by more than 30 per cent to close at N20 billion. And we made a total comprehensive income of almost N3bn in 2020 and that’s coming on the back of 2019 that was also a very stellar performance.” ....