• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Companies Corporate Updates

Veritas Kapital Assurance Plc pays N0.626 billion in claims for the period ended June 2022

NM Partners by NM Partners
August 16, 2022
in Corporate Updates
Kenneth E. Egbaran

Kenneth E. Egbaran, MD/CEO, Veritas Kapital Assurance Plc

Share on FacebookShare on TwitterShare on Linkedin

In fulfilment of its pledge to promptly settle claims to the delight of its customers, Veritas Kapital Assurance Plc, continuing its drive as one of the leading insurance companies in Nigeria has paid N0.626billion in claims for the period ended June 2022 (H1 2022). According to Kenneth E. Egbaran, the Managing Director and Chief Executive Officer, Veritas Kapital Assurance Plc will continue to exceed customer expectations in claims settlements.

The recently released H1 2022 result showed that total assets grew by 13% within the period under review, from N14.4billion to N16.4billion. Though the group’s result showed a loss after tax of N170.4million, a sum of N4.08billion was reserved to take care of policyholders’ liabilities, while shareholders’ fund grew to N10.7billion from N9.8billion reported in HI 2021 as the company keeps its focus to remain one of the leading insurance companies in Nigeria.

RelatedStories

Veritas Kapital Assurance Plc attains 1101% growth in profit in 2023: A triumph of strategic vision and resilience

Veritas Kapital Assurance Plc attains 1101% growth in profit in 2023: A triumph of strategic vision and resilience

June 6, 2024
Veritas Kapital Assurance Plc appoints Adaobi Nwakuche as Managing Director/CEO

Veritas Kapital Assurance Plc appoints Adaobi Nwakuche as Managing Director/CEO

December 5, 2023

Just a year ago, the company launched two E-Product channels to bring affordable protection products to the easy reach of our growing customers, on-the-go; an e-commerce website and WhatsApp channel as one-stop shop that ensures seamless/convenient buying and delivery of insurance solutions. These innovative E-channels offer affordable retail insurance products such as:

  • Householder,
  • Accident,
  • Fire,
  • Third-Party Motor insurances.

The products cost between N1,750 and N7,500 and provide coverage of up to N3 million and can be purchased within 5 minutes from any internet-enabled device.

Mr. Egbaran (MD/CEO) said the company will keep improving its business offerings to all prospective insureds and customers whilst delivering seamless customer experience.


Follow us for Breaking News and Market Intelligence.
Tags: Veritas Kapital Assurance Plc
NM Partners

NM Partners

"NM Partners" encompasses a diverse range of articles and content published on behalf of various organizations, including corporate entities, government and non-governmental institutions, academic bodies, and key stakeholders in the economic sphere. This content spectrum covers press releases, formal announcements, specialized content, product promotions, and a variety of corporate communications tailored to engage our readership. Notably, a portion of these articles are sponsored content. At Nairametrics, while we provide a platform for these diverse voices, it is important to clarify that our relationship with the content under "NM Partners" does not imply endorsement or affiliation. The responsibility for the content accuracy and viewpoints expressed rests solely with the respective contributors. Nairametrics maintains a firm commitment to editorial independence and integrity. Consequently, we do not assume responsibility for any of the content published under "NM Partners." For any inquiries, comments, or feedback regarding the content featured in this section, we encourage open communication and can be reached at info@nairametrics.com. Additionally, we invite our readers and contributors to familiarize themselves with our Paid Post Guidelines, which outline the standards and processes governing paid content on our platform.

Related Posts

Veritas Kapital Assurance Plc attains 1101% growth in profit in 2023: A triumph of strategic vision and resilience
Corporate Updates

Veritas Kapital Assurance Plc attains 1101% growth in profit in 2023: A triumph of strategic vision and resilience

June 6, 2024
Veritas Kapital Assurance Plc appoints Adaobi Nwakuche as Managing Director/CEO
Appointments

Veritas Kapital Assurance Plc appoints Adaobi Nwakuche as Managing Director/CEO

December 5, 2023
Corporate Updates

Veritas Kapital’s total assets hits N21.4bn in first half 2023

August 9, 2023
Veritas Kapital Assurance Gross Premium Hits 77% Growth in Q4 2022
Corporate Updates

Veritas Kapital Assurance Gross Premium Hits 77% Growth in Q4 2022

February 3, 2023
Veritas Kapital Assurance appoints Paul Oki as Independent Non-Executive Director
Appointments

Veritas Kapital Assurance appoints Paul Oki as Independent Non-Executive Director

February 11, 2022
Company Results

Veritas Kapital Assurance Plc appoints Oyindamola Unuigbe as an Executive Director.

September 27, 2021
Next Post
NUPRC,

Court arraigns businesswoman and her company, Savannah Crest Investment for alleged N110 million investment fraud

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Six Nigerian Banks face risk of lower profits, dividends over end to CBN forbearance  
  • Labubu doll maker Wang Ning becomes China’s youngest top 10 billionaire with $22.7 billion 
  • E-call-up dispute: IPMAN transporters to boycott Lekki-Epe corridor over N12,500 levy 

Follow us on social media:

Recent News

President Tinubu reacts to Port Harcourt Refinery revival, orders reactivation of Warri, Kaduna Plants 

Six Nigerian Banks face risk of lower profits, dividends over end to CBN forbearance  

June 16, 2025
Labubu doll maker Wang Ning becomes China’s youngest top 10 billionaire with $22.7 billion 

Labubu doll maker Wang Ning becomes China’s youngest top 10 billionaire with $22.7 billion 

June 16, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics