Nigeria’s insurance industry closed 2023 with a premium income of N1.003 trillion, representing 27 percent increase when compared to the N790 billion recorded in 2022.
The Life insurance segment, though smaller, still played a crucial role with a 38.7 percent share, valued at N388.1 billion. This marks a positive step towards ensuring policyholders receive timely compensation for their losses.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: