National Insurance Commission (NAICOM) has said that the total assets of the insurance industry in Nigeria in the fourth quarter of 2022 rose to N2.3 trillion.
NAICOM in its quarterly data on insurance business, obtained by The Daily Times on Thursday stated that Life Insurance Business amounted to N1.2066 trillion while Non-Life Insurance Business was N1.1221trillion, while the gross premium income generated as at the fourth quarter of 2022 stood at N726.2 billion, representing a growth proportion of about thirty-Six per cent (36.3%), quarter on quarter and indeed, about eighteen per cent (17.8%) year on year.
