The National Insurance Commission (NAICOM) said the insurance industry recorded in 2021over N2.1 trillion as total assets in its unaudited industry’s performance report.
NAICOM Head of Corporate Communications and Market Development, Alhaji Rasaaq Salami who disclosed this said the Gross Premium Income (GPI), unaudited of the industry also grew to N630 billion in 2021 from N514 billion recorded in 2020.
According to him, the net claims paid by the industry stood at N238 billion.
Alhaji Salami said, the figures were derived from the quarterly reports submitted by the operators in 2021.
