Universal Insurance pays N1.2bn claims

Universal Insurance Plc says it paid N1.2 billion as claims to its policyholders who suffered losses in five years. It said this in a statement titled ‘Policyholders rejoice, applaud Universal Insurance for prompt claims settlement’. The breakdown of the claims paid showed that the company paid N147.8 million claims in 2015, N111.1 million in 2016, N330.3 million in 2017, N334.2 million in 2018, while it settled N338.2 million claims in 2019 financial period. Ben Ujoatuonu, the managing director, Universal Insurance, said the company was presently meeting all its obligations especially,…

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