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Insurance
Less than 1 min.Read

Insurance Sector 2021: N2tr Total Assets, N630bn Premium Income, N238bn Claims

By Business Journal

The National Insurance Commission (NAICOM) says the total assets of the insurance industry in Nigeria stood at N2, 139, 203.39 trillion in the 2021 business year while Gross Premium Income (GPI) stood at N630, 362. 35 billion in the same period, compared with N514 billion in 2020.

A statement by Mr. Rasaaq Salami, Head of Corporate Communications & Market Development at NAICOM added that the insurance industry also paid net claims of N238, 050.49 billion in 2021.

The NAICOM Report was titled: 2021 Insurance Industry Performance Unaudited.

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