Twenty-five insurance companies have recorded claims totalling N20.4bn from losses that emanated from the #EndSARS protests which occurred in the country in October, findings have revealed. Figures obtained from the underwriters on Wednesday under the Nigerian Insurers Association revealed that the companies have set aside a reserve of N13.2bn to …
Read More »Insurance sector to lose N46 billion income to 9.2m uninsured vehicles
The gale of premium losses to the nation’s insurance industry has continued with estimated N46 billion on the line from non-insurance of 9.2 million vehicles across the country. According to the Nigerian Bureau of Statistics (NBS) report, out of estimated 11.7 million vehicles in the country at the end of second …
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