Insurance records N729bn premium in nine months, says NAICOM

Nigerian insurance companies earned N729.1bn premium from life and non-life businesses in the first three quarters of 2023 financial period. The National Insurance Commission disclosed this in a report titled, ‘Nigeria insurance market at a glance- Q3, 2023’. According to the report, the companies paid N365.5bn gross claims, while net claims amounted to N259bn in