Leadway Assurance Company Limited has paid claims in excess of N27.4bn in 2017, representing 18.95 percent increase from the N23bn paid in 2016.
Addressing shareholders at the 46th Annual General Meeting (AGM), the chairman, Board of Directors, Leadway Assurance, retired Gen. Martin Luther Agwai, said the company has continued to exhibit market leadership with growth in its Gross Premium Income which increased by 57 percent, to N84.48 billion within the period under review.
He said, “While the impact of the recovery of the economy remains mixed, we are optimistic that recovery from the throes of recession will continue as we navigate the issues and challenges that 2018 may bring. On our part, we are encouraged to leverage on our brand and strategic initiatives to increase insurance awareness, create risk products tailored to every segment of consumer needs and delivering “happiness”, to rejuvenate insurance as a necessity.
“We are improving our value proposition to our customers and committed to progressively eliminate waste of time spent on processes and alternatively focus on anticipated and appreciated value add to our customers to deliver unbeatable service delivery,” he further added.
He noted that Leadway Assurance is one of Nigeria’s insurance service companies with a reputation for service efficiency and customer reliability.