Insurance market in Nigeria will see solid growth this year

africa insurance market life industry growth

Experts are predicting that, regardless of the challenges in the country, the industry will be growing faster. A recent analysis has been published by KPMG and has predicted that the insurance market in Nigeria will see its growth picking up speed despite some of the challenges it has been facing over the last while. The forecast was made based on its expanding use of ICT and telecom facilities for sales, as well as the population density. The analysis results were published in “The African Insurance Market at a Glance” report…

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International insurance news is coming from Nigeria with its health coverage

nigeria international insurance news

The country expects that its healthcare plan will be providing its residents with coverage by 2015. According to the latest international insurance news announcement from Nigeria, the new healthcare system will have been created and implemented across the entire country by 2015. The system is designed to run on a community level and is meant to provide everybody with coverage. According to the acting National Health Insurance Scheme (NHIS) secretary, Dr. Abdulrahman Sambo, the Community Based Social Health Insurance Scheme will be effective across all of Nigeria by 2015. This…

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Insurance news from Nigeria reveals intentions to triple the country’s marketplace

nigeria international insurance news

If they are successful, it would bring their market up to $6.4 billion in 4 years. The most populated country of Africa, Nigeria, has just declared its latest insurance news, which includes intentions to increase its marketplace by more than three times its current value, and that it will accomplish this goal by 2017. The hope is to be able to achieve this target by improving the industry’s reputation in the nation. This insurance news announcement was made by the country’s insurance commissioner, Daniel Fola. He explained that the people…

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