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CHI settles N2.1 billion claims to Marine customers


Determin ed to remain market leader in the nation’s insurance industry Comsolidated Hallmark Insurance Plc has disbursed a total sum of N2.1billion as claims in the marine segment  of its business in October, 2018.thereby affirming its ability to settle genuine claims.

This was disclosed by the Managing Director/ Chief Executive Officer Eddie Efekoha, at the event tagged ” Emerging InsurTech Trend” organised by the firm for its brokers to interact on a business development in Lagos 

He said despite the tough business environment the company is poised to providing exceptional services to all its policyholders across the country.He noted that out of ten years financial year the company has paid dividend consistently for seven years.

He However assured shareholders that the company is judiciously managing its investments in the company, adding that the oversubscription of its recent right issue is a prove that the company is doing well.He said the company may not be making big profits like other companies, but they are doing well in all areas of the business.

On technology, he said the company has spent so much to improve the company’s technology base, adding that customers and brokers can do business from anywhere without necessarily coming to their offices due to the effective technology system in place in the company.He explained that they may not have the capital like some companies but they have the competence in oil and gas, aviation, marine.

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