NICON Insurance plc has assured insurance brokers of prompt payment of their commissions.

The Managing Director of the company, Mr. Emmanuel Jegede gave the assurance while hosting members of the Abuja chapter of Nigeria Corporation of Registered Insurance Brokers (NCRIB) recently. The event, which took place at NICON Luxury Hotel, Abuja was well attended.

According to him, NICON Insurance is ever ready to pay brokers’ commissions as at when due, urging them to always patronise the company.

On claims settlement, he said over N1.8 billion has been paid to its numerous clients from January till date, adding that N2.5 billion was paid in year 2010.

Unveiling its marketing strategies and giving reasons while the company still stands tall in the insurance industry today, Jegede stated that two insurance products will soon be introduced into the insurance market.

“We have put in place numerous strategies that will make us remain the leading edge of the market competition. We shall soon invite you to the launching of these products”, he said.

We have also decentralized our operations nation-wide, he said, adding that 58 branches and six regions are now being manned by Regional General Managers, noting that these branches and regions were set up mainly for effective customer service.

Thanking the management of NICON Insurance Limited, the Chairman of the Abuja Chapter of NCRIB, Mr.  John Ugochukwu Ibe applauded the company’s bold step to host and interact with brokers, while encouraging his colleagues to overlook any perceived negative impressions about the company.

Also during interactive session, brokers expressed their thoughts and concerns in dealing with NICON Insurance but Jegede assured them that all issues relating to brokers’ commissions would continue to be addressed promptly.

NICON Insurance now has 58 offices across the Country for ease of marketing and effective service delivery to its numerous clients making it the only insurance company that has offices in all the States of the Federation.

It is also the only insurance company in the country today where the Federal Government has equity participation, thereby enhancing the much needed strength and credibility to handle customers’ risk.

The firm now offers policyholders a new and unique way of processing various insurance products and services online. This means policyholders can download, purchase an insurance product online by simply filling the online proposal.