Sanlam Policyholders Get N3.1bn Insurance Claims

Policyholders of Sanlam General Insurance Nigeria Limited, who suffered insured risks in 2022 financial year were paid N3.1billion claims by the insurer. 

The underwriting firm who is a Pan-African brand equally posted a Gross Premium Written(GPW) of N11.4billion and this feat marks another successful year for Sanlam which rebranded from FBN General Insurance Limited in September 2022. Since the divestiture of FBN Holdings’ 65 per cent stake in June 2020, Sanlam Nigeria is now fully owned by the Sanlam Group, South Africa.

According to a statement signed by the manager, Marketing & Corporate Communications for Sanlam General Insurance Nigeria Limited, Ajibola Liyide quoted the company’s managing director/CEO, Bode Opadokun, as saying, “N11.4 billion GPW reflects Sanlam General Insurance Nigeria Limited’s ability to provide high-quality insurance services to its clients, leading to continued financial growth.

“The company’s financial success in 2022 is a testament to its commitment to providing innovative solutions to meet the diverse needs of its clients, offering both personal and business insurance products.” 

Opadokun restated the company’s commitment to satisfying its clients, noting that, “we take our business of risk management very seriously and there is no gainsaying that the settlement of genuine claims is our primary obligation to our esteemed policyholders.”

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He reassured the customers of the firm’s ongoing commitment to keep their trust while upholding the company’s status as a top insurance brand in the market. 

“Our customers trust us to be there for them; therefore, we will stop at nothing to keep our promises of exceptional customer service and prompt service delivery. We are committed to exceeding all our stakeholders’ expectations at all times,” he assured.