Saham Unitrust records 40% growth in premium income

By Cynthia Alo

SAHAM Unitrust Insurance Nigeria Limited has recorded 40 per cent growth in premium income as at May 31, 2017.

Managing Director of the company, Mr. John Ijerheme, made this known adding that the company has also paid out N318 million in claims  as at the end of May, up from N315.9 million paid during the same period in 2016.

Ijerheme who disclosed this when his company hosted the Nigerian Council of Registered Insurance Brokers, NCRIB, in Lagos stated: “The company as at 1986 recorded a tremendous growth of a share capital of N1million, and as at date, the authorized share capital of the company stands at N5 billion, out of which N3.3 billion is fully paid up, with shareholders funds standing at N7.17 billion.”

He said that the new management of Saham Unitrust is poised to re-position the company to play a leading role in the industry, adding that in the last two years a lot of structures have been put in place to strengthen internal processes with focus on service delivery to customers.

He noted that the company has taken claims payment as a key priority, assuring customers that claims are paid promptly with efficient service delivery.

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