Nigeria:GWP generated by insurance market jumps by 56% to over US$1bn in 2024

By MEIR team | 10 Jul 2025

Nigeria Life & Health Property & Casualty

The Nigerian Insurance Industry chalked up gross written premiums of NGN1.56tn ($1.02bn) in 2024, 56% higher than the NGN1.00tn reported in 2023, according to the Nigerian Insurers Association (NIA).

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