Nigerian insurers suffer deterioration in underwriting performance

September 15, 2020

Digitalisation to make insurance products attractive, affordable for Africans

Digitisation will boost awareness and demand for insurance solutions, eventually translating into higher insurance penetration in Africa.

Analysis of the Top 24 Nigerian insurance companies reveals that, year-on-year, combined ratios has exceeded the international accepted threshold for some of the largest players in the market in 2019 as underwriting profitability dipped for the cohort. This means that they are paying out more mon

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