Zenith Insurance Paid N5bn Claims in 2023

Ebere Nwoji

The Managing Director, Zenith General Insurance,  Mr Jude Modilim, has said that the company paid a total of N5 billion claims last, 2023 to its various clients.

Modilim stated this while interacting with members of the National Association of Insurance and Pension Editors(NAIPE) who paid courtesy visit to his office in Lagos.

He said as  an industry, Zenith Insurance pays claims adding, “Last year Zenith General paid about N5 billion as claims to so many organisations thereby helping them to return to business. These are organisations that ordinarily would have failed because of one catastrophe or the other” he explained.

“Many times when I engage those who said insurance companies are not paying claims to come forward with any claim they have that has not been paid, none of them have been able to do that, so the public needs to know that insurance Companies are paying claims. What you guys are doing will make people know that insurance works.”

Modilim, affirmed that his company was ready to work with NAIPE to drive insurance growth in Nigeria.

He commended NAIPE for introducing initiatives and embarking on programmes that were industry’s growth driven, noting that this would go a long way in changing the industry’s narrative.

“We are open for the partnership; the kind of partnership that is a win-win; partnership that will project Zenith General to the public, telling them what we are doing, especially about our ability to pay claims. We are willing to work with you as long as it is a mutually beneficial partnership.

“I am actually very impressed with some of your programmes designed to create insurance awareness such as Claims Profiling, and Testimonials Reporting. These are very good, and it will go a long way in deepening insurance penetration which the National Insurance Commission (NAICOM) and the entire industry is yearning for, “she said.

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