Follow Us on Google
By Henry Uche
To restore public confidence and reposition the company for sustained growth, the Interim Management and Board (IMB) of African Alliance has commenced the payment of all genuine claims and annuities with a N780 million.
The initiative marks a significant first step, coming just 30 days after the inauguration of the Insurance Market Bureau (IMB) by the Commissioner for Insurance.
It also highlights the company’s renewed dedication to its core values of integrity, transparency, and customer-centric service.
The new leadership at African Alliance has reaffirmed its commitment to promptly settling all outstanding claims, ensuring that policyholders and beneficiaries continue to experience the reliability and trust that have defined the African Alliance brand for decades.
Speaking on the positive development, the Managing Director/Chief Executive of African Alliance, Jacob Erhabor, affirmed the company’s dedication to fulfilling its contractual obligations.
“We are taking deliberate steps to ensure that all genuine claims are paid promptly in the new dispensation.
“We understand the importance of trust in the insurance industry, and we are fully committed to rebuilding confidence amongst our stakeholders.
He added that the initiative is part of a broader strategic plan to stabilise the company, strengthen its financial position and enhance operational efficiency. The management is implementing robust measures to verify and authenticate reported claims with a view to ensuring that only genuine claims are settled by the company.
Policyholders and other stakeholders are encouraged to remain confident in the brand as the new management and board work tirelessly to restore African Alliance to its rightful place of prominence and reliability in the Nigerian insurance ecosystem.
African Alliance remains steadfast in its mission to provide dependable insurance solutions that cater to the evolving needs of individuals groups and businesses. With this renewed focus, the company is set to regain its rightful position as a leading player in the Nigerian insurance industry.
