The Head, Corporate Communications and Market Development, National Insurance Commission, Rassaq Salami, disclosed this in its unaudited result for 2021 on Monday.
According to the commission, this was a rise from the audited figure of N514bn premium earned in 2020. NAICOM said the total asset of the underwriting companies was N2.14tn while net claims paid was N238.05bn in 2021. According to Nigerian Insurance Digest of the Nigerian Insurers Association, the life and non-life underwriters earned N316bn, N363bn and N413bn premiums in 2016, 2017 and 2018, respectively.
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Good, why did Niger insurance plc refused to pay our claims?
Wonderful