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Nigeria: Insurance industry to introduce terrorism policies

July 16, 2014 - 6:00am

Nigeria's Commissioner for Insurance, Fola Daniel, has said local insurers would soon start offering terrorism coverage, ThisDay Live reported.

Mr. Daniel said that two years ago, foreign players "began to add terrorism or kidnapping to their portfolio" and Nigerian insurers were not prepared for it. "This became an excuse to wanting to export 90% of such a risk abroad," he said.

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