Insurers Want NSE's Support For Recapitalisation
The Chairman of Nigerian Insurers Association, Mr Tope Smart, has asked the Nigerian Stock Exchange to assist the insurance companies in its bid to meet the new capital base prescribed by the National Insurance Commission.
The commission had increased the...
Insurance Firms' Total Assets Hit N1.08trn
The total assets of 58 Insurance Companies in the country have increased to N1.08 trn with the figure expected to rise to about N1.2 trillion by the time all underwriting firms release their 2018 financial statements.
Total Assets refers to...
…Only four million vehicles have valid cover
Nigeria’s insurance sector is estimated to be losing about N60 billion annually, as only 25 per cent of registered vehicles in the country carry genuine third party motor insurance policies, The Guardian exclusively learnt.
This is aside the billions...
