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The Corporation view claims administration as very crucial to its operations. We assist our cedants in the administration of large claims where they lack experience. Since our purpose of being in business is to meet obligations covered under the policy of insurance/reinsurance arising from loss or damage resulting from the happening of an insured event, the Corporation’s policy on claims is to meet all valid claims promptly after due documentation. The Corporation’s paid claims experience for the past 6 years is as below;

2000

N 54.4 million

2001

N 1.35 billion

2002

N 1.01 billion

2003

N?

2004
N 1.23 billion
2005

N 1.16 billion

 

 
   
   
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