Underwriting firm, UnityKapital Assurance Plc in fulfilling its commitment to prompt claims settlement in the Nigerian insurance industry has settled total claims amounting to N193.3 million in the first half of 2017.
Babatunde Oshadiya, acting managing director/CEO of the Company giving a breakdown of the claims paid noted that Oil and Gas insurance tops the list with total claims settlement of N74, 505,292.65, followed by motor insurance with N40, 787,499.00.
Other classes include fire with a total of N33,409,086.00, general accident N18,045,003.40, engineering N17,109,259.00, marine and aviation N5,296,988.00 and N4,205,030.50 respectively.
While reiterating the company’s commitment towards its obligation of prompt claims payment, Oshadiya stated that as a customer-centric organization, UnityKapital Assurance Plc will always pay all genuine claims to its policy holders as at when due.
Assuring the policy holders of peace of mind, he added that the primary focus of the company is the settlement of genuine claims when they arise.
UnityKapital Assurance Plc is a non-life insurance company that underwrites all classes of general insurance business. It has adequate reinsurance treaties with reputable reinsurers locally and internationally with offices in all geopolitical zones of the country.