Unitrust Insurance settles N1.39bn claims as at Q3 2022

Management of Unitrust Insurance Company Limited.

Kindly leave a comment and share

Chuks Udo Okonta

Unitrust Insurance has continued to demonstrate unwavering commitment and capacity to obligate claims as at when due by paying N1,390,870,779.56 as claims from January 1, to September 30 2022.

According to the Chief Marketing Officer Dele Oyetunji, a significant number of customers appreciates the role Unitrust plays in underwriting their insurance risks that accounted for the sum paid as claims during the 3rd Quarter.

He furthered said; “Claims payment is a very important responsibility because our major focus is to ensure that our customers enjoy the benefits of taking all forms of insurance with Unitrust Insurance Co. Limited.”

The Managing Director, John Ijerheime said; “We also understand the importance the National insurance Commission (NAICOM), places on claims payment. in 2021 Q3, we paid a total of N1,094,964,131.42 but as of September Q3 2022, we have already paid N1,390,870,779.56.

We entered into strategic partnerships with various organizations to broaden our visibility and accessibility and we are developing in-house platforms to ensure a seamless end-to -end customer journey,” he stated.

Unitrust Insurance Co. Ltd has earlier on secured the approval of the National Insurance Commission to underwrite agricultural risks.

Among the products approved for Unitrust Insurance are Multi -Perils, Livestock Insurance, Poultry, fishery and Fish Farm, Area Yield Index agricultural insurance with the approval, Unitrust Insurance Co. Ltd is now well-positioned to broaden its product offerings to consumers in line with the federal government’s objective to deepen insurance penetration.

Unitrust was founded in 1981 and commenced operation in 1986, with branches spread across Nigeria, carrying out contracts of general Insurance business.

Leave a Comment

Your email address will not be published.