AIICO Insurance Plc, a prominent composite insurer in Nigeria, has achieved a significant milestone by surpassing N200 billion in claims and benefits payments over the past five years. This achievement underscores AIICO’s steadfast commitment to ensuring financial security and peace of mind for its policyholders.
From 2019 to 2023, AIICO demonstrated consistent excellence in claims management, with a detailed breakdown of settlements as follows:
- 2019: N30.6 billion
- 2020: N31.6 billion
- 2021: N47.3 billion
- 2022: N44.9 billion
- 2023: N46.5 billion
These figures highlight AIICO’s dedication to promptly disbursing claims to both individual and corporate clients, reinforcing its reputation as a reliable partner in safeguarding financial well-being.
Babatunde Fajemirokun, Managing Director/CEO of AIICO Insurance Plc, emphasized the company’s customer-centric approach, stating, “At AIICO Insurance, our commitment revolves around our customers. We are here to serve and protect them, ensuring that their legitimate claims are settled swiftly and fairly. This five-year achievement underscores our promise to maintain trust and deliver exceptional service. We continue to enhance our processes and services to meet the evolving needs of our valued policyholders.”
Fajemirokun further highlighted AIICO’s future plans to leverage advanced technology and innovative solutions to further improve claims processing efficiency, aiming to provide seamless support to customers during critical times.
Founded in 1963, AIICO Insurance Plc boasts a 60-year track record of excellence in delivering comprehensive insurance and investment management services. The company remains committed to its core values of integrity, professionalism, and customer-centricity, aiming to create and protect wealth for individuals, families, and corporate customers alike.
