AIICO Insurance surpasses N200bn in claims payments

AIICO Insurance Plc has surpassed N200bn in claims and benefits settlements over the past five years. A review of AIICO’s claims and benefits settlements from 2019 to 2023 indicated that within the five years, the firm paid about N200.9bn with the highest payout made in 2021 (N47.3bn), followed by 2023, when it paid out N46.5bn.