Sovereign Trust Insurance Plc has reported disbursing N1.9 billion in claims during the first half of 2024. The payouts, covering 1,455 claims, spanned various policies, with Fire claims receiving the largest portion at N931 million.
Other significant claims included Motor (N416 million), General Accident (N254 million), and Marine and Aviation (N218 million). The company’s Deputy General Manager, Mr. Segun Bankole, emphasized the company’s dedication to customer satisfaction through prompt claim settlements and regular follow-ups.
Feedback from policyholders indicated high satisfaction with the professional and timely handling of claims. Sovereign Trust Insurance Plc, with a strong presence in Lagos and other major Nigerian cities, ensures an accessible and efficient claims process for its customers.
The company’s commitment to maintaining its reputation as a leading brand in Nigeria’s insurance industry is underscored by its emphasis on prompt claim payments as a testament to its strength and reliability.
Managing Director/CEO Mr. Olaotan Soyinka highlighted the importance of swift claims resolution, noting that insurance serves as critical financial support during challenging times. He reaffirmed the company’s commitment to standing by its customers, providing essential assistance when unexpected events occur.