Kwei-Mensah Ashidam, Deputy Managing Director (Technical), SSNIT

Kwei-Mensah Ashidam

SIC Insurance Company Limited, the largest non-life insurance company, paid over GH?27 million in claims in the year 2013.

The figure represents four percent increase over 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 which accounted for GH?7.9 million. GH?5.67 million was paid in claims against marine and aviation while general accident claims recorded GH?1.87 million.

The Deputy Managing Director (Technical), Kwei-Mensah Ashidam, said there was no compromise in claims settlement at SIC Insurance and that the company will continue to remain focused on keeping its customers resilient whenever the unfortunate happened.

He added that the 2013 figure of GH?27 million showed 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. Ashidam?s topmost agenda will remain the prompt settlement of genuine claims and customer-focused services.

A business desk report

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