IEI Pays N970m Claims In 2026

International Energy Insurance Plc (IEI Plc) has paid over N970 million in insurance claims in 2026, reaffirming its commitment to supporting policyholders and fulfilling its obligations.

In a statement, the company said the payments reflected its focus on one of the most important aspects of insurance: being there for customers when they need it most.

“For policyholders, the true value of an insurance policy is demonstrated not just by the protection it offers but by the insurer’s ability to honour its commitments when claims arise.

“IEI Plc’s performance also comes against the backdrop of a strengthened financial position, with its Minimum Capital Requirement (MCR) now exceeding N28 billion. This provides a stronger financial foundation for the company to meet its obligations, support its growing business and serve its diverse customer base.

“The company continues to prioritise timely claims settlement, subject to the submission of complete documentation and the necessary verification processes. This approach underscores its commitment to responsible underwriting, effective claims management and maintaining confidence among its policyholders.

“As the Nigerian insurance industry continues to evolve, the ability of insurers to demonstrate financial strength and honour claims remains an important measure of their contribution to the sector.

“IEI Plc’s claims payments and strengthened capital position place these priorities firmly at the centre of its business direction. With a history spanning over five decades, IEI Plc continues to build on its legacy while strengthening its capacity to deliver dependable insurance solutions and support customers when it matters most,” the statement further explained.