The National Insurance Commission (NIC) has debunked reports making rounds on social media suggesting that some insurance companies are in financial distress.
The NIC warned that those circulating such false information about some institutions could cause serious challenges for players in the industry.
According to the commission, the comments are only vicious attempts by anonymous individuals to tarnish the reputation of these insurance companies.
Consequently, it has advised persons engaged in these actions to desist and refrain from such acts since legal action shall be taken against them if found.
The commission is, therefore, entreating the public to note and channel their complaints to its bureau, mandated to investigate and resolve complaints by persons who are of the view that they have been unfairly treated by an insurance company.
The public is advised to use this medium to settle any dispute they may have with an insurance company.
The commission seizes this opportunity to inform the public that it has about 138 insurance companies in good standing as at end of March 2018.
They comprise 22 Life Insurance companies, 29 Non-Life Insurance, three Reinsurance companies and 85 Insurance brokers, Reinsurance brokers and Loss Adjusters, in addition to one Reinsurance contact office.
Source: The Finder