SIC Insurance Company Limited, the nation’s preferred largest non-life Insurance Company in line with its promise to settle genuine claims promptly, paid over GH¢27 million in claims in the year ending 2013. This figure represents a four per cent (4%) increase compared with the 2012 figure of GH¢ 25.9 million.
A rundown of the claims composition paid by the country’s largest underwriting company revealed that Motor Insurance claims recorded the highest figure of GH¢11.8 million, followed by Fire Insurance accounting for GH¢7.9million, while GH¢5.67million was paid as claims against Marine and Aviation. General accident claims recorded GH¢1.87million.
Commenting on the claims payment during the past year, the company’s Deputy Managing Director (Technical) Mr. Kwei-Mensah Ashidam, said there is no compromise in claims settlement at SIC Insurance and that the company will continue to remain focused in keeping its customers resilient whenever the unfortunate happens. He added that the 2013 figure of GH¢27million shows a progressive increase in claims settlement within the last four years.
SIC Insurance has also put in place a convenient process to short-circuit the purchase of insurance and claims procedures. Customers can now log on to SIC’s e-insurance platform online and track their claims processes from the start to the period of final settlement.
Mr. Kwei-Mensah Ashidam concluded that prompt settlement of genuine claims and customer focused services will in no doubt remain the topmost agenda for the company which wishes to maintain that its promises are indeed sacred.