‘Retail Business To Trigger Huge Insurance Penetration’

For huge insurance penetration to take place in the country, there must be a wholistic focus on the retail business.

This was disclosed by the management of Mutual Benefits Assurance Plc when the new executive members of the National Association of Insurance and Pension Correspondents paid them a courtesy visit at the insurer’s headquarters on Ikorodu Road, Lagos. He stated that, a huge underbanked and unbanked Nigerians exist in the informal sector which insurance firms can leverage on to bring them into the financial service space.

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