#EndSARS – Insurers Have Paid N4 billion As Claims

#EndSARS – Insurers Have Paid N4 billion As Claims

Of course, #ENDSARS affected the lives of many young people who were attacked by law enforcement. We also just learning that the insurance industry will see lesser profits as a result of the violence many brought to a largely peaceful civil protest: “The Nigerian Insurers Association (NIA) said Thursday that insurance companies have paid N4 billion as claims as a result of last year’s #EndSARS-related violence.”

Addressing journalists in Lagos, Ganiyu Musa, Chairman, NIA, said about 2,000 insured businesses were affected by the violence.

Mr Musa also assured customers that all genuine claims resulting from the protests would be paid.

He said insurance operators were still collating claims stressing that every genuine claim would be settled.

“The number of insured businesses that were affected at the last count was about 2,000 and the industry has settled N4 billion claims out of N4.5 billion in respect of the #EndSARS protests.

“Once they are documented and completed, we have the commitment of our members that the claims will be paid timely,” he said.

Mr Musa said the association was on top of the developments and would continue to encourage its members to pay all genuine claims in line with the expand policies.

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