The Nigerian insurance industry has remained resilient amidst an increasingly competitive domestic market and heightened regulatory oversight, a report has shown.
But while the report stated that the industry's Gross Premium Income (GPI) grew by 19 per cent over prior year, it revealed that insurance penetration ratio was still below one per cent and lags behind the BRIC countries with Brazil having 3.65 per cent; Russia at 1.29 per cent; India at 3.82 per cent and China at 2.98 per cent.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article