International Energy Insurance (IEI) Plc paid N1.29 billion claims last year.
In a statement made available to newsmen, Interim Managing Director, Peter Irene, said the claims paid are categorised into motor, fire, oil and gas, general accidents, marine hall, aviation, industrial risks and public liability.
He said the company is determined to keep its promise to deliver on prompt claims payment to its clients.
According to him, this is no mean feat considering the harsh economic condition in the country.
Irene said: “This singular act demonstrates that the company is committed to putting its customers first, and always make them happy.
“It also epitomises the company’s core values of integrity, dependability,proficiency, innovativeness and friendliness. The company exemplifies good corporate responsiveness and transparency.”
He expressed satisfaction with the achievements of the company, noting the prevailing economic situation in the country.
He said the astronomical rise in claims payment indicates the level of awareness and exposure of the customers.
The company says it has the most technical and experienced energy-underwriting unit in the country. With the best crop of hands, the IEI brand has demonstrated a consistent growth-led business model that has continued to stand the test of time, he added.
Source: The Nation