International Energy Insurance Plc (IEI Plc) has paid over N970 million in insurance coverage claims in 2026, noting that it’s going to proceed to assist policyholders and ship on its obligations.
In an announcement, the corporate stated the funds mirror the corporate’s deal with one of the vital essential facets of insurance coverage: being there for purchasers once they want it most.
“For policyholders, the true worth of an insurance coverage coverage is demonstrated not simply by the safety it presents, however by the insurer’s capacity to honour its commitments when claims come up.
“IEI Plc’s efficiency additionally comes in opposition to the backdrop of a strengthened monetary place, with its Minimum Capital Requirement (MCR) now exceeding N28 billion. This supplies a stronger monetary basis for the corporate to fulfill its obligations, assist its rising enterprise and serve its numerous buyer base.
“The firm continues to prioritise well timed claims settlement, topic to the submission of full documentation and the mandatory verification processes. This strategy underscores its dedication to accountable underwriting, efficient claims administration and sustaining confidence amongst its policyholders.
“As the Nigerian insurance coverage trade continues to evolve, the power of insurers to display monetary energy and honour claims stays an essential measure of their contribution to the sector.
“IEI Plc’s claims payments and strengthened capital position place these priorities firmly at the centre of its business direction. With a history spanning over five decades, IEI Plc continues to build on its legacy while strengthening its capacity to deliver dependable insurance solutions and support customers when it matters most,” the assertion additional defined.
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