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Q3’19: FBN Insurance Pays N5.4bn Claims In 9months - TheCityPulseNews.com
FBN Insurance Limited said it paid N5.4 billion claims settlements to its clients in the nine months ended September 2019. The company said it had paid N4.8 billion claims in the corresponding period of 2018 despite the unpredictable economic situation in the country occasioned by the preparation for the general election at that time. In a statement, Managing Director and Chief Executive Officer of the company, Mr. Val Ojumah said that the focus of the company is to maintain the indisputable leadership position in the life insurance sub-sector by paying claims promptly and at the same time protect the interest of its various corporate and individual clients. According to him, “Ours is a business of trust and as part of our efforts geared towards maintaining irrefutable leadership in the life insurance sub-sector, we have built a solid foundation where our clients can insure their trust by promptly paying their claims. We have also deepened our footprints across Nigeria in our quest to serving our customers and shareholders even better than we have done in previous years.” READ MORE: MOROUNRANTI ASHABI AND DOTUN TAYLOR ENGAGE WHO IS WHO IN NIGERIA TO PROMOTE CULTURE IN ILE-IFE AND BEYOND {Photos}He stated further, …