Insurers’ gross premium written rises 15.79% to N345.16bn on new NAICOM rates

Insurers’ gross premium written rises 15.79% to N345.16bn on new NAICOM rates

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Nigeria’s largest insurers have managed to grow revenues even as insurance penetration remains low. Sixteen insurance companies that have released 2018 audited financial statement saw combined gross premium written increase by 15.79 percent to N345.16 billion, from N298.0 billion as at December 2017. A breakdown of the figure shows life insurance spiked by 32.07 percent to…

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