Underwriting firm, Equity Assurance plc has announced the settlement of over N630,725,600.52 million as claims to its customers between January 1 and September 30, 2014.
This development, the company states, has again given its customers cause to repose more trust in it when it comes to the business of insurance as demonstrated through its commitment to prompt claims settlement in line with its core values of promptness and excellent customer service.
The breakdown of total claims paid for the period under review, according to facts from the company, show that Motor insurance contributed N292,987,740; Oil and Gas businesses N110,961,260; General Accident businesses N110,199,582, while Fire business contributed N66,530,089; Marine N25,780,228 and Engineering N24,271,704.
The company’s customer friendly claim process ensures timely payment of claims to the delight of its clients in line with the standard operating procedures of Equity Assurance.
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Speaking on the payment, Ekpe Ukpabio, managing director/CEO of the company, says the company has lived up to its responsibility to its customers, saying this goes to show that the company is financially able to stand by its clients and policy holders in the time of their grief over a loss.
He says by saying that by paying promptly, the company’s brand speaks for itself.
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