African Alliance has begun payment of genuine claims and annuities of N780 million. The payment by its Interim Management and Board is a step towards restoring public confidence and repositioning the company for growth.
The payment comes 30 days after the board’s inauguration by commissioner for Insurance, underscoreing its commitment to upholding integrity, transparency, and customer-centricity.
African Alliance’s new leadership has resolved to pay out standing claims, ensuring policyholders and beneficiaries experience the reliability and trust that has been its hallmark
Managing Director/Chief Executive, Jacob Erhabor, affirmed the company’s dedication to fulfilling its contractual obligations.
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“We are taking steps to ensure genuine claims are paid promptly.” This is the beginning of a new era for African Alliance. We understand the importance of trust in insurance, and we are committed to rebuilding confidence among our stakeholders.”
This initiative is part of a strategic plan to stabilise the company, strengthen its financial, and enhance efficiency. The management is implementing measures to verify and authenticate claims with a view to ensuring only those genuine are settled by the company.
Policyholders and stakeholders are encouraged to be confident in the brand as the new management and board restore African Alliance to prominence and reliability in the insurance ecosystem.
African Alliance is steadfast in its mission to provide dependable insurance solutions that cater to the needs of individuals groups and businesses. With this renewed focus, the company is set to regain its rightful position in the industry.