GLOBAL FOCUS

Nigeria's insurance industry grows at 40% average: Regulator

Comments Email Reprints

Fola Daniel, commissioner of the National Insurance Commission, said Nigeria's insurance sector is growing on an average of 40%, up from less than 3% in the previous three years, because of the newly introduced reforms, ThisDay Live reported.

Mr. Daniel said the sector could grow between 200% and 400% if compulsory insurance, the 'no premium no cover' policy, and other reforms are strictly followed.

Read more

More from BI