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| Barrister Dr. Jimoh Ibrahim, Chairman, NICON Insurance Limited |
This development was made
known by the Managing Director of the Company, Mr. Bayode Samuel, who said: “Claims
settlement is pivotal to the business of insurance and anything short of this
is unethical. That is why in our unwavering quest for alignment with
operational and regulatory standards, we have settled and disbursed excess of
N400 million naira to all our numerous clients across Nigeria on outstanding
claims due under the defunct National Insurance Corporation of Nigeria and the
new NICON Insurance Limited under my leadership”.
Mr. Samuel made it clear
that the new management of NICON Insurance was saddled with the responsibility
to reposition the Company for optimum performance as part of the key
performance indicators for the company was immediate settlement of all claims
received from the period of acquisition till date.
In his own words: “On that note, NICON has joined every other liquid player in
the industry poised to clean their books as directed by the regulator, the
National Insurance Commission under the amiable leadership of Alhaji Muhammed
Kari.”
According to him, NICON has
been repositioned to take advantage of strategic opportunities untapped in the
insurance industry via various alliance with different stakeholders in the
Insurance and financial Industry by introducing insurance benefits to almost
all sectors of the economy.
He therefore urged the
insuring public to take advantage of the new development in NICON Insurance of
today by insuring their general and life assurance businesses with NICON being
the flagship and the biggest underwriting company in Nigeria by asset base in
excess of N40 billion, coupled with over 42 branch network nationwide and six
regional offices.
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