Staco Insurance restates commitment to claims settlement

caa staco insurance x
caa staco insurance x

Staco Insurance Plc has pleaded for more time from its policyholders who have outstanding claims with the insurer.

Speaking at the ‘Awareness Five Walk’ of the Nigerian Council of Registered Insurance Brokers, Abuja chapter, organised to sell insurance on the roads of Abuja, and end of the year pool party, both sponsored by Staco Insurance, the Managing Director/Chief Executive Officer,  Mr Wale Banmore, stated that the company had come back stronger after its earlier operating challenges.

While promising to offset all outstanding claims, he said, “We all believe the outstanding issues, especially the claims and other obligations were not incurred in a day or a year, therefore we seek your assistance by giving us time to settle these obligations within a short time but support us to recover with good businesses, for STACO Insurance Plc to be back.”

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He said insurance brokers played an important role in the insurance value chain.

“We can’t stand here to enumerate the importance of insurance brokers in our industry but to only appeal to you all to listen to us, give us a little time while we continue to aggressively settle all legacy obligations but at the same time, support us with businesses for us to grow as we lived up to your expectations,” he said.

Assuring that the company was back to the business of general insurance risks, he said, “We are back to be there for our customers and we are back to be a profitable business entity hanged on utmost corporate governance and compliance with ethics of the business.”

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