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 ...
Read the rest of the story on Businessday Nigeria

Added June 30, 2010
from Businessday Nigeria