Nigerian, other West African insurers consolidate for business expansion.

Strong and positive moves towards enhanced integration by regional insurance players … Please Read & Enjoy!
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Nigerian Reinsurers to reject under-priced risks in 2018.

From next year, reinsurance companies will no longer accept risks that are priced below the standard threshold of risk pricing by insurance companies. Investigations reveal that this move was prompted by sharp increases in industry claims ratio which has continued to outpace premium income, leading to dwindling profits. Accordingly, Nigeria’s National Insurance Commission, NAICOM, is… Continue reading Nigerian Reinsurers to reject under-priced risks in 2018.

NIGERIA’S INTERNET OF THINGS (IOT) REVENUE HITS $93 MILLION

It is projected that the revenue in Nigeria this year for the internet of things would be about $93m. This was made known by the managing director of Ericsson Nigeria, Mr Rutgar Reman as published in Thisday of June 26, 2017. Quoting a report from the International Data Corporation, he also said “with a revenue… Continue reading NIGERIA’S INTERNET OF THINGS (IOT) REVENUE HITS $93 MILLION