Login Register Subscribe
Current Issue

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”.

Insurance volume to total $5 billion by 2019 in Nigeria: Official

Reprints

Godwin Wiggle, managing director of Nigeria-based Linkage Assurance P.L.C., has said that premium volume in the country's insurance market is expected to total 1 trillion Nigerian nairas ($5 billion) by 2019, reported Leadership Newspapers.

Premiums in the insurance sector totaled NGN 339 billion in 2014.

Mr. Wiggle said that challenges in insurance sector include volatile business environment, tough regulatory requirements and poor perception of the industry, among others.

Mr. Wiggle also said that about 80% of Nigerian airlines insure their aircraft abroad.

Read more