EIC HONOURS CLAIMS (PAGE 29)

ENTERPRISE Insurance Company (EIC) paid claims totalling GH¢6 million to various clients last year.
The amount represents one of the biggest insurance claims to be paid by the company in its history.
It also gave credence to the company’s recent rating internationally as an “AA minus” insurance company.
The Managing Director of Enterprise Insurance, Mr John Otoo, who disclosed this at a client appreciation party in Kumasi, said the international rating positioned the company as one of the most responsible in claims payment.
Mr Otoo stated that in these days of economic uncertainties, insurance is a better option to be taken by individuals and organisations especially those in business.
In taking decisions on insurance, the managing director advised people to look for the balance sheet of insurance companies rather than how much a company pays.
“Insurance companies with strong balance sheets are more reliable in claims payment,” he said.
Some clients who had served with the company for over 30 years in Kumasi were honoured.
Earlier at a seminar organised for the clients in Kumasi, the Assistant General Manager of the company, Mrs Ernestina Abey, advised the insured to always put in claims with supporting documents to make processing less cumbersome.
She also stressed the need for all forms of road accidents to be reported to the police and the insurance company for the claims process to begin instead of people admitting to pay for the cost of damage to vehicles.
The Akyempimhene of Kumasi, Oheneba Adusei Poku, who chaired the ceremony, commended Enterprise Insurance Company for the decency it continued to introduce into the insurance business of the country.