Title : WHY AN INSURANCE COMPANY WILL NOT PAY YOUR CLAIM?
Content of Article : WHY AN INSURANCE COMPANY WILL NOT PAY YOUR CLAIM?
WHY AN INSURANCE COMPANY WILL NOT PAY YOUR CLAIM?
I thank the organizers of the workshop today to speak for the opportunity to work with you and also think it is important to the topics that are addressed in today's event an issue about insurance.
I particularly and deliberately chosen this subject to educate, enlighten, inform and change your mind "insurance". In my many years in the insurance industry, I have come to realize the attitude of Nigerians insurance, which is negative. In a recent study it was found that nearly 800 adults in Nigeria have insurance (NEPAD), which can be not insured through huge gap of population. As recently ago, the research, that the insurance industry in Kenya is shown larger than Nigeria. Why these poor statistics? The reason is obvious Nigerians do not like insurance or avoid them like the plague!
I have found with people on the security over the years in my presentation that their answers are always the same-especially "The insurance companies in Nigeria to pay claims!" People believe that the statement and have become cliche and were down from generation to the next round. Therefore, this issue is very important, it is intended to purify the air and change your attitude to insurance.
Ladies and gentlemen, please follow me to discover on a journey, why the claims are not paid.
After 3 of 25 independent insurance companies in Nigeria worked were indigenous. Political independence and the spirit of nationalism led to the development and proliferation of insurance companies was of the conditions. The weakness of the Insurance Companies Act 1961, which included a request has been facilitated capital of only 25,000 pounds The legislation has been used by investors, the companies have established - mushroom insurance companies that were too weak, then compete with the outfits expatriates owned. During these periods, and after many requests received, that are not paid, so people come to the conclusion that insurance specialists are more like scammer or scammers who take your money and do not want to pay your claim, if you undergo. This article was written that the idea to correct and hopefully erase all doubt.
However, the good news is that now the time passes occurred which changed the state of affairs in the insurance industry in the country legislation and regulatory authorities. Note that it is no longer business as the industry standard. NAICOM monitors the affairs of all players in the industry and is ready to report to hear any aggrieved member of the public. For the broker, NCRIB and the insurance company is the NIA, and there is a joint committee, which all reports relating to a player in the industry, and if all these options NAICOM be done as a last resort monitored.
Such an explanation of the article WHY AN INSURANCE COMPANY WILL NOT PAY YOUR CLAIM?
That is all the article and tips WHY AN INSURANCE COMPANY WILL NOT PAY YOUR CLAIM?, hopefully can be useful for all of you. Okay, this is the end of our meeting this time.
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