Insurance companies beckon policyholders with outstanding claims

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Chuks Udo Okonta

Kindly leave a comment and share

Chuks Udo Okonta

Complying with the directives given by National Insurance Commission (NAICOM), insurance companies have started reaching out to policyholders with outstanding claims, to come and resolve pending issues inhibiting payments of their claims.

Findings by Inspenonline revealed that the operators are reaching the affected policyholders through emails and telephone calls.

Inspenonline gathered from two Managing Directors of insurance firms, that matters related to outstanding claims in the books are being looked into to ensure those with bottlenecks are resolved, while those that the policyholders have not come for, they are contacted to submit the required documents for payment.

“We also reached out recently on all outstanding motor claims with pending documentation, via emails and telephone calls,” a Managing Director said.

NAICOM recently said it has mandated all insurance companies to commence publications of all outstanding claims in their records.

The Commissioner for Insurance Sunday Thomas, noted that the Commission had written the operators and given them enough time to sort out all outstanding claims and begin publications in national dailies.

Thomas noted that there would be consequences for hot adhering to the mandate. Of which Inspenonline learnt is naming and shaming erring firms.

He submitted that NAICOM has done a lot to ensure insurance companies live up to their responsibility as regards payment of claims.

He urged the public to revalue their assets due to inflation so as to have claims that meet the present cost of the asset.

The NAICOM boss implored Nigerians to manage their risks through insurance, especially now that cost of replacement of lost or damaged assets is at the rooftop.

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