CHI gets sector recognition for value creation to stakeholders

Consolidated Hallmark Insurance (CHI) Plc has been recognsed as the insurance company of the year, in a move aimed at encouraging underwriters that create value for shareholders.

The award, given to the company at the fifth anniversary of the Businesstodayonline held in Lagos, was based on the value creation of the insurer to shareholders across the country.

Mary Adeyanju, Company’s executive director, Operations who spoke to journalists shortly after the event, reassured shareholders and investors that her company would continue to create value on their investments through increased returns.

Adeyanju, said that though the industry and the country was going through a tough time, the management also realises the challenges facing the business environment, but has put strategies in place to ensure it operates above board to meet stakeholders’ expectations at any given time.

According to her, CHI has continued to re-strategies to ensure the best returns to all stakeholders, as claims payment policy remains one to beat in the entire industry, with the belief that satisfied customers will continue to spread the message of prompt service based on their experience.

The company’s official noted that the company has cleared its books through adequate provisioning for unpaid premiums, in accordance with regulatory requirements.