Although, the Nigerian Insurance Industry Database (NIID) has not started yielding the expected profits, the Nigerian Insurers Association (NIA) has said it got ₦160.47 million as proceeds from the data uploads in 2016. According to the association’s 2016 financial report, the balance in the account of the NIID as at the beginning of last year […]
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Only eight million vehicles out of the estimated 17 million on Nigerian roads have genuine insurance cover, according to the Nigerian Insurers Association. Figures obtained by correspondent from the association indicated that the number of genuinely insured vehicles had risen from three million that was recorded in the Nigerian Insurance Industry Database in 2015. “The […]
Read More LESS than one per cent of Nigerians voluntarily subscribe to life insurance due to a general apathy for the business by the government and the citizens. According to the National Insurance Commission and the Nigerian Insurers Association, less than one per cent of Nigerians have taken life insurance cover. The Director-General, NIA, Mr. Sunday Thomas, […]
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