NAICOM, NAIC assure flood victims of prompt claim settlement

By : Bankole Orimisan

Date: 31 October 2022 4:55am WAT

In this picture taken on September 27, 2022, internally displaced flood-affected people wade through a flooded area in Dadu district of Sindh province. - Sindh has been worst-hit by the catastrophic flooding which put a third of Pakistan underwater, displaced eight million, destroyed or damaged two million homes, crippled 1,500 hospitals and clinics and caused an estimated $28 billion in damages. (Photo by Rizwan TABASSUM / AFP) / TO GO WITH 'PAKISTAN-FLOODS-HEALTH-CHILDREN-CLIMATE' FOCUS BY ASHRAF KHAN AND JOE STENSON - To go with 'Pakistan-Floods-Health-Children-Climate' FOCUS by Ashraf KHAN and Joe STENSON

The National Insurance Commission (NAICOM) and the Nigerian Agricultural Insurance Corporation (NAIC) have assured prompt settlement of claims due to policyholders affected in the recent flood disaster across the federation.

Speaking on the development at an industry forum in Lagos, the Head of Corporate Communications and Market Development, NAICOM, Rasaaq Salami, assured affected policyholders of the commission’s commitment towards ensuring prompt settlement of claims by insurance companies.

The Assistant General Manager of Corporate Services, Nigerian Agricultural Insurance Corporation (NAIC), Magdalene Omosimua, who also spoke, said: “NAIC sympathises with flood victims in the country. The corporation shares the pains and agony of victims and stands with them during this trying period.

“As a responsive organisation, we are using this medium to assure our insured clients that their genuine claims will be given utmost urgent attention to enable them to go back to living their normal productive lives.

“NAIC wishes to advise that property and business endeavours of our citizens be promptly insured to guarantee the sustainability of existing jobs, income stabilisation, food security, poverty alleviation and wealth creation.”