Lagos State Government don set December 31 as the deadline wey residents must get health insurance cover. Channels Television report say the state order residents to get the cover latest by that date, while Punch Newspapers also carry the same December 31 deadline for residents to enrol for health insurance.
Di push come as Great Nigeria Insurance Plc announce say e don pay more than N3 billion in claims, as part of effort to rebuild customer confidence and restore business relationships after years of outstanding obligations. Di insurer talk say the settlement na key part of its turnaround strategy under a reconstituted board and executive management, wey dey focus on claims payment, operational efficiency and stronger relationship with insurance brokers.
Great Nigeria Insurance disclose the payments during its “GNI Reloaded” brokers’ fora wey dem hold for Ibadan and Lagos, where e engage industry intermediaries on its claims settlement record, revised procedures and plans to rebuild market presence. According to the company, brokers wey attend the meetings verify the settlement of outstanding claims involving their clients, and some of dem express renewed willingness to channel new business to the company. Di management also use the engagement to outline measures to stop claims backlogs from returning and to improve its underwriting and claims processing operations.
Delayed claims settlement don remain one major challenge to public confidence for Nigeria insurance industry, with concerns over whether insurers go fit honour contractual obligations often discouraging individuals and businesses from buying adequate cover. Great Nigeria Insurance latest move dey aimed at clearing legacy claims and improving service delivery.
Mutual Benefits sef use one research conference for UNILAG to call for insurance-led resilience, arguing say Nigeria must integrate risk management and insurance more deliberately into its sustainable development agenda to protect households, businesses, public institutions and critical infrastructure.
World Economic Forum also publish one piece on Tuesday wey focus on insurance and economic resilience, including how to build affordable cover.
