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Chuks Udo Okonta
The National Insurance Commission (NAICOM) said unaudited Gross Premium Income (GPI) for the insurance industry stood at N630,362.35 billion in 2021, as against audited N514 billion recorded in 2020.
The Head, Corporate Communications and Market Development, NAICOM, Rasaaq Salami, told Inspenonline that the industry also paid net claims of N238,050.49 billion in 2021 and that the sector’s total assets was N2,139,203.39 trillion.
According to Salami, the figures were derived from the quarterly reports submitted by the operators in 2021.
