The Nigerian insurance market experienced strong growth in 2024, with gross written premiums (GWP) reaching 1.56 trillion nairas (approximately 1.02 billion dollars), according to data published by the Nigerian Insurers Association (NIA). This figure represents a 56% increase compared to the 1 trillion nairas collected in 2023. This growth was mainly driven by non-life insurance,…...
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Nigeria: Insurance sector turnover exceeds one billion dollars in 2024
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