NAICOM: insurers lose N41.7b business to foreign firms
Insurance firms have ceded businesses worth $115.74 million (about N41.7billion) abroad because of lack of financial and technical capacity, a report by the National Insurance Commission (NAICOM) has shown. A breakdown of the lost deals include business of 11 multinationals and local firms abroad, holding only $45 million. This indicates that the firms ceded 72 […]