Sanlam General Insurance Nigeria Limited has disclosed that the claims pay advocacy by the National Insurance Commission triggered the creation of the platform of the industry first quick and smart claims pay for motor claims in less than an hour from the start of the process using your phone.
The Managing Director, Sanlam General Bode Opadokun stated at the official launch of *1056# that the level of advocacy of the regulator about how insurance companies should pay claims to the extent that in one of the Insurance Committee meetings settling NAICOM advised insurance companies to publish outstanding claims in newspapers so that people can follow up their claims to be paid.
Opadokun said the response is the company’s contribution towards making sure that the regulator “achieve the dream of making sure that not only insurance companies settle claims but to seen as adding value to the economy.”
In addition to the Commission claims advocacy, he said the company was stirred to do this because of public wrong notion that insurers don’t pay claims, “Insurance is a hard sell not many people do believe that insurers do settle claims. But we have taken it beyond settling claims but settling it promptly.”
