News Africa26 Aug 2019

Nigeria:Regulator cites big-ticket insurance placed abroad as rationale for recapitalisation

26 Aug 2019

The National Insurance Commission (NAICOM) has listed the insurance business placed by 11 top corporations in 2018, in a bid to illustrate the need for recapitalisation in the insurance sector. In aggregate, more than 30% of the business was approved for placement in Europe and America due to the inability of local insurers to retain more of it.

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