Brokers target 90% premium in insurance sector

The Nigerian Insurers Association (NIA) said earlier that insurance brokers facilitated 60 percent of businesses in the insurance sector in the 2022 financial year.

Urging individuals and corporates to channel their risk underwriting through registered brokers who would properly advise policyholders on the right cover for their risks, he added that registered brokers are in a better position to interpret the terms and conditions of insurance policies to policyholders to know ahead of time what their insurance policies covers and likely exemptions.