The Nigerian insurance market records a growth in 2018

The total gross written premiums in Nigeria reached 400 billion (1.09 billion USD) in 2018, compared to 363 billion NGN (999 million USD) in 2017, that is an increase of 10.19% in original currency. This figure was released at the 48th Annual General Meeting (AGM).

Despite an unstable economic and political environment, the Nigerian insurance market is maintaining a sustained growth. The insurers included in the AGM and the regulatory authority NAICOM intend to join forces to promote the market: new microinsurance regulations, supervision of the bancassurance activity...