Aviation insurance industry calls for enhanced capacity, risk pooling to decrease premiums

Nigerian insurance industry experts said that local insurers need enhanced capacity, right pricing and pooling of risks to enable them to handle serious aviation undertakings and reduce insurance premiums, The Nation reported. Nigerian aviation industry players said that aviation insurance premiums charged by local insurers are higher than in other countries. The high cost of aircraft insurance in Nigeria can be traced to its classification as a high risk country.

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