Leadway Assurance Company Limited has paid out over N117 billion in claims during the 2024 financial year, reinforcing its position as one of the most reliable insurers in Nigeria. The figure represents a significant increase from the previous year, reflecting the company's unwavering commitment to honouring its obligations to policyholders.
The claims payout covered a wide range of insurance products including life, general, and special risk policies. This achievement underscores Leadway's financial strength and its ability to meet the growing needs of its diverse customer base across Nigeria and beyond.
Speaking on the milestone, the Managing Director of Leadway Assurance noted that the company's claims settlement track record is a testament to its sound underwriting practices and robust risk management framework. He emphasized that timely claims payment remains a cornerstone of the company's strategy to build trust and deepen insurance penetration in Nigeria.
The company also highlighted its investments in technology and digital platforms to streamline the claims process, making it faster and more convenient for policyholders to file and track their claims. These innovations have contributed to improved customer satisfaction and retention rates.
Leadway Assurance Company Limited has paid out over N117 billion in claims during the 2024 financial year, reinforcing its position as one of the most reliable insurers in Nigeria. The figure represents a significant increase from the previous year, reflecting the company's unwavering commitment to honouring its obligations to policyholders.
The claims payout covered a wide range of insurance products including life, general, and special risk policies. This achievement underscores Leadway's financial strength and its ability to meet the growing needs of its diverse customer base across Nigeria and beyond.
Speaking on the milestone, the Managing Director of Leadway Assurance noted that the company's claims settlement track record is a testament to its sound underwriting practices and robust risk management framework. He emphasized that timely claims payment remains a cornerstone of the company's strategy to build trust and deepen insurance penetration in Nigeria.
The company also highlighted its investments in technology and digital platforms to streamline the claims process, making it faster and more convenient for policyholders to file and track their claims. These innovations have contributed to improved customer satisfaction and retention rates.
