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Tag: Insurers lose N1.8trn to offshore transfers

African insurers lose N1.8tr to offshore transfers

African insurers lose N1.8tr to offshore transfers African insurers lose about N1.78 billion ($5 million) annually in premiums transferred to reinsurance companies abroad. According to a special report obtained by Financial Vanguard on confidential basis, and data from African Insurance Organization (AIO), the losses are...