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Zenith General Puts Businesses Back With N5bn Claims Tally

Nwanne Ikemefune by Nwanne Ikemefune
March 18, 2024
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Getting to the top suggests what zenith implies and taken its source from that, Zenith General Insurance Limited says a partnership with the media and more, a coalition of journalists from different media groups is a partnership that works and that is the bond it will build with the Nigerian Association of Insurance and Pension Editors (NAIPE) to make the Nigerian insurance industry visible for sundry embrace.

The MD/CEO Zenith General Insurance, Mr. Jude Modilim bared his mind when the NAIPE Exco visited for a close media relationship with the firm in Lagos and he was clear on the course of the general insurer, “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.

The MD also commended NAIPE for its initiatives that are driving industry growth, noting that this will go a long way in changing the industry’s narrative. “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.

“As an industry, we all pay claims. Last year Zenith General paid about N5 bn 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.

“Many times when I engaged 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,” Mr. Modilim said.

Earlier in her speech, the Chairperson, NAIPE, who is also the publisher of BusinessTodayNG, Mrs. Nkechi Naeche-Esezobor, highlighted the rationale behind the establishment of NAIPE and what the Association has done over the years to contribute to the growth of insurance industry in a little over three decades of its existence.

“We are concerned about low insurance penetration in Nigeria and the poor perception of Nigerians about insurance and it is a known fact that NAIPE has been working tirelessly over the years to change this negative narrative.”

She listed some of the products the Association is offering as part of its efforts to deepen insurance growth in Nigeria to include Products Profiling; Management Profiling; Claims Profiling; Quarterly CEO Forum and Sponsorship of NAIPE AGM.

Feature picture, L-R: Edet Udoh, Assistant General Secretary, Nigerian Association of Insurance and Pension Editors (NAIPE); Matthew Otoijagha, Financial Secretary, NAIPE; Nkechi Naeche-Esezobor, Chairperson, NAIPE; presenting a copy of NAIPE Trumpet to Mr Jude Modilim, Managing Director/CEO, Zenith General insurance; Dolapo Talabi, Head, Corporate Communications, Zenith General; Rosemary Iwunze, General Secretary, NAIPE and Amaka Obiefuna, Public Relations Officer, NAIPE, during NAIPE’s Executive visit to Zenith General Insurance in Lagos.

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