NEM Insurance Plc, Cornerstone Insurance Plc, and Stanbic IBTC Insurance Limited have been recognized for their exceptional performance in claims settlement, winning the 2024 Risk Analyst Insurance Brokers Limited Award for Outstanding Performance in Claims Settlement. The prestigious award was presented on December 20, 2024, at a ceremony in Lagos attended by top dignitaries from the insurance industry.
The General Manager of Risk Analyst Insurance Brokers Limited, Sunday Oyeniyi, who handed over the awards, commended the underwriters for their dedication to prompt and adequate claims settlements, highlighting that all three companies achieved a perfect score of 100 percent in the assessment process.
“Your commitment to ensuring timely and adequate claims settlements has not only built trust with our clients but has also raised the bar for other underwriters,” Oyeniyi stated during the presentation. He encouraged the awardees to continue their excellent performance and hinted at expectations for even better results in 2025.
Since 2021, Risk Analyst Insurance Brokers Limited has been conducting a Quarterly Underwriters Performance Review Meeting to evaluate underwriters’ efficiency in handling claims settlements. This initiative underscores the company’s dedication to promoting excellence and accountability in the insurance sector.
The 2023 recipients of the award included NEM Insurance, Custodian and Allied Insurance, and Stanbic IBTC Insurance, demonstrating a consistent track record of high performance in claims management by these companies.
This latest accolade reinforces NEM Insurance, Cornerstone Insurance, and Stanbic IBTC Insurance’s positions as industry leaders in claims settlement, reflecting their unwavering commitment to customer satisfaction and trustworthiness in the insurance market.
