Law Union & Rock Insurance plc, has announced the payment of a total of N1.64 billion claims in 2015.
Managing Director of the company, Jide Orimolade, in a statement, said a breakdown of the above figure, showed that claims paid by the company in 2015, ranged from Fire, General Accident Motor, Marine & Aviation, Engineering, Bond and Oil & Energy.
He also said that fire & motor insurance claims, accounted for almost 73% of the overall claims paid during the year.
He said that the statistics show that the number of accidents that emanate as a result of fire and motor accidents in the country was on the increase during the period and that the company is determined to stand like a “rock” behind its customers and also keep its promise of delivering prompt claims payment to its customers.
The Law Union& Rock Insurance boss, also said the astronomical rise by 28 to 38 percent in claims payment between 2014 and 2015 experienced by the company, indicates the level of awareness and exposure of the customers.
He said despite the dwindling & harsh economic condition in the country, the company, was able to meet up N1.64 billion in claims obligation.
“This singular act demonstrates that the company is committed to putting its customers first, and always make them satisfied”, Orimade stated.
