HomeTagsInsurance Sector

Tag: Insurance Sector

Despite Economic Challenges, Insurance Sector Recorded 6.2% Growth In Q1, 2022

Despite Economic Challenges, Insurance Sector Recorded 6.2% Growth In Q1, 2022   The National Insurance Commission (NAICOM), has said that in spite of macro economic challenges which has bedeviled businesses in Nigeria, insurance sector recorded a year-on-year growth rate of 6.2 per cent at the end...

Nigerian Insurance Sector Records 15.68% Growth In Q1, 2022

Nigerian Insurance Sector Records 15.68% Growth In Q1, 2022     The Nigerian insurance sector grew by 15.68 per cent in the first quarter of the 2022 financial period, according to figures obtained from the National Bureau of Statistics (NBS) on the country’s Gross Domestic Product. The statement...

Nigerian Insurance Sector Rebounds, Records 8.01% Annual Growth

Nigerian Insurance Sector Rebounds, Records 8.01% Annual Growth   The Nigerian insurance industry grew by 8.01 per cent in 2021, compared to a negative growth rate of 13.29 per cent in 2020, figures obtained from the National Bureau of Statistics have shown. The NBS, in its Gross...

Insurance Sector Rebounds, Records 16.41% Growth In Q2, 2021

Insurance Sector Rebounds, Records 16.41% Growth In Q2, 2021             The insurance sector returned to growth path after recording 16.41 per cent growth in the second quarter of the 2021. This is according to statistics obtained on Sunday from the National Bureau of Statistics on second quarter...

Insurance Sector Contracted By 2.08% In Q1, 2021

Insurance Sector Contracted By 2.08% In Q1, 2021       The insurance sector contracted by 2.08 per cent in the first quarter of 2021, according to the latest figures obtained from the National Bureau of Statistics. The NBS, in its report on Gross Domestic Product for the first...

NAICOM To Boost Financial Inclusion In Insurance Sector

NAICOM To Boost Financial Inclusion In Insurance Sector       The National Insurance Commission has launched a 2021-2023 strategic plan to improve financial inclusion in the country’s insurance sector. The Commissioner for Insurance, Mr Sunday Thomas, disclosed this on Friday during a seminar for insurance reporters, with the...