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Insurance industry premium hits N200bn

…motor, general accident, oil, gas top sectors The nation’s insurance industry has recorded a premium income of N200.6 billion for the financial year ended December 31, 2009, as against N150.3 billion it posted the same period in 2008, indicating a 33.5 percent growth. The growth, according to analysts, may have been as a result of market expansion and increased business resulting from the industry’s increased capacity since after its recapitalisation in 2007. After the recapitalisation exercise ...
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Added June 30, 2010
from Businessday Nigeria