Estimated gross premium income for Nigerian insurers exceeds ₦1trn mark in FY’23

A report by Agusto & Co. shows that Nigeria’s insurance Industry maintained its double-digit growth trend in 2023 as the estimated gross premium income exceeded the one trillion naira mark despite disruptions, driven by strong regulatory support and premium rate adjustments on some policies. Ayokunle Olubunmi, the Head of Financial Institutions Ratings at Agusto & Co, joins CNBC Africa to unpack the report.
Wed, 17 Apr 2024 15:21:55 GMT