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Nigeria: Insurance Commissioner emphasizes appropriate rating of insurers

July 21, 2014 - 6:00am


Nigeria's Commissioner for Insurance, Fola Daniel, has stressed the need for appropriate rating of insurers, Business Day reported.

Mr. Daniel said pricing competition was hurting insurers.

The biggest instrument for insurers "is appropriate rating which means that those insuring must contribute an appropriate amount of premiums for it to be sufficient to meet losses as they occur," he said.

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