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Increased awareness, tech adoption drive insurers’ premium up 15.5% to N490bn in 2019

…as NIA gets new chairman, deputy

Nigerian insurance industry premium grew by 15.5 percent to N490 billion in 2019, from N413.8 billion in 2018, according to figures released by the Nigerian Insurers Association (NIA) at its virtual Annual General Meeting held Thursday. The growth was driven by increased awareness about the benefits of insurance, adoption of technology for product distribution, and…

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