African Alliance Insurance Plc compensates losses with N4.08

African Alliance Insurance Plc has revived its policyholder businesses and compensated N4.08 billion losses in the first half of the year, the Managing Director/Chief Executive Officer, Joyce Ojemudia has said.

Ojemudia, in a statement, reaffirmed the company’s commitment to paying genuine claims promptly.

She pointed out that the company was built on a foundation of claims payment.

“Year in, year out, we do not shy away from fulfilling this critical obligation to our policyholders as due.

“Our pay-off is not just an empty statement of facts but indeed an assurance, to remain devoted to our policyholders despite unforeseen circumstances which may arise. It’s been 62 years, and we have not wavered from our commitment.

“We have paid N1.81 billion for annuity claims; N857.2 million in individual life claims; N765.4 million Group Life; N436.3 million Takaful as well as N208 million Esusu payouts,’’ she said.

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