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Understanding Nigeria’s insurance recapitalisation

PUBLISHED: Wed, 05 Sep 2018 07:25:09 GMT

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Nigeria’s National Insurance Commission raised the capital base for insurance companies in the country, a move that has been received with mixed reactions. The risk-based recapitalization of insurance companies is set to commence on the first of January 2019. Rotimi Okpaise, Partner and Actuarial Lead for EY West Africa join CNBC Africa’s Esther Awoniyi to break down the significance of this move.

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