Insurance and You

July 3, 2021

AIICO gets certificate of non-indebtedness, launches new website

Insurance industry pays over N11bn claims on #Endsars protests; could rise to N20bn

By Rosemary Iwunze

The Pension Transitional Arrangement Directorate (PTAD) has issued a certificate of non-indebtedness to AIICO Insurance Plc, a move that clears the underwriter of any claim of non-remittance of pension assets.

At a meeting to formally hand over redeemed properties ceded by AIICO in 2017 in lieu of Legacy Funds and Assets to PTAD, PTAD noted that the process is subsequent upon confirmation of receipt of the full payment from AIICO and completing all reconciliation activities.

Executive Secretary of PTAD, Dr. Chioma Ejikeme said: “In acknowledgement of the payments made by AIICO Insurance Plc, PTAD has issued a certificate of non-indebtedness to AIICO Insurance Plc and will update relevant institutions of this development in due course.”

Ejikeme who was represented by Mr. Godwin Iheabunike stated further: “We thank AIICO Insurance for her commitment towards the liquidation of this liability within the shortest period of time.

READ ALSO: AIICO Insurance records N60.7bn gross premium for 2020

“My congratulations go to the chief executive officer and his team for this uncommon accomplishment.

“I call on other insurance underwriters holding on to Legacy Funds and Assets to do the needful as a matter of urgency. This will enable the Directorate to meet its obligation to pensioners.”

In his remarks, the Managing Director of AIICO Insurance, Mr. Babatunde Fajemirokun, expressed his appreciation to the PTAD leadership and team for working tirelessly with the AIICO team through the detailed reconciliation and for final closure.

Meanwhile, The Company has launched its new corporate website and e-business portal in keeping with its commitment to providing superior and remarkable experience for both its customers and the public.

“Besides providing information about the company, its products and services, it is strategically positioned as a digital marketing ecosystem where the user’s journey from awareness to purchase and post-purchase experience is now easy and seamless.

“Our obsession for superior customer experience is the key driver for the development of the new website. We restructured the layout to make navigation a whole lot easier.

“The contents are now simpler and more relatable. Also, we considered speed and responsiveness to different users’ devices, guaranteeing a uniform experience at all times,” said Olusanjo Shodimu, Head, Shared Services.

Vanguard News Nigeria