Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Nigerian insurance uptake behind BRIC

Reprints

A report released by credit rating agency Agusto & Co. has revealed that Nigeria's insurance penetration is below 1% and behind Brazil, Russia, India and China, ThisDay Live reported.

Agusto & Co. estimated that nonlife insurers accounted for 43% of industry's gross premium, while composite insurers contributed around 42.9%. The report said challenges faced by the industry "include a dearth in human capital, unethical practices by some insurers and operational inefficiencies."

Read more