Airline Operators, Insurers At Loggerheads Over Non-Payment
November 14, 2019
5:59 am
ControversyΒ between consumers of insurance products and insurers over poor customer services has been a sore point of heated discussion in the indsustry over the years.
The situation appeared to have assumed a new twist recently following threats by Aircraft owners under the aegis of Airline Operators of Nigeria (AON), to boycott local insurance companies to insure their aviation risks with foreign underwriters due to non-payment or delayed payment of claims by local insurers.
Daily Sun investigation revealedΒ that if the above threat is carried out,Β the Nigerian insurance industry may be losing risks worth over N10 billion to foreign
