Increased consumer confidence and uptake of personal life insurance policies for the protection of assets and dependents are driving premium growth in the Nigerian insurance industry.
The National Insurance Commission (NAICOM), in its Bulletin of the Insurance Market Performance, said the industry’s gross premium rose 14.9 percent to N532.7 billion year-on-year in the third quarter, while total assets stood at N3.2 trillion in the same period.
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