Sanlam General Insurance Nigeria Limited policyholders who suffered insured risks in the fiscal year 2022 have been paid N3.1 billion in claims by the insurer.
The Pan-African underwriting firm also posted a Gross Premium Written (GPW) of N11.4 billion, marking another successful year for Sanlam, which rebranded from FBN General Insurance Limited in September 2022.
Sanlam Nigeria is now wholly owned by the Sanlam Group, South Africa, following the divestiture of FBN Holdings’ 65% stake in June 2020.
According to a statement signed by Sanlam General Insurance Nigeria Limited’s manager, Marketing & Corporate Communications, Ajibola Liyide, the company’s Managing Director/CEO, Bode Opadokun, “N11.4 billion GPW reflects Sanlam General Insurance Nigeria Limited’s ability to provide high-quality insurance services to its clients, leading to continued financial growth.”
“The company’s financial success in 2022 is a testament to its commitment to providing innovative solutions to meet the diverse needs of its clients, offering both personal and business insurance products.”
Opadokun restated the company’s commitment to satisfying its clients, noting that “we take our business of risk management very seriously, and there is no gainsaying that the settlement of genuine claims is our primary obligation to our esteemed policyholders.”
He reassured the customers of the firm’s ongoing commitment to keeping their trust while upholding its status as a top insurance brand in the market.
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