The Nigerian insurance sector needs higher capital requirement to raise underwriting capacity and regulation to enforce compulsory insurance, a report has shown. In the special report on the insurance sector released at the weekend, analysts at Afrinvest West Africa concluded that the insurance sector needs massive consolidation as had happened in the banking sector. The […] …
Insurance sector
Govt seeks investors in insurance sector
After about decade ban on issuance of fresh operating licences to investors, the Federal Government is set to issue new licences to interested investors that can operate only as a Tier 1 company. The National Insurance Commission (NAICOM Assistant Director, Coporate Affairs Department, Rasaaq Salami, said the industry is ready to admit new investors inRead More
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