By Nike Popoola
In a bid to invest in the Nigerian insurance industry, the Deputy British High Commissioner, Peter Carter, has led a team from Prudential Plc, a life insurance company in the United Kingdom, on a courtesy visit to the National Insurance Commission (NAICOM).
According to a statement from NAICOM on Sunday, during the visit, Carter said they were at the commission to apprise the NAICOM’s boss of the intention of Prudential to invest in the Nigerian insurance market and to inquire about the modalities for entry.
The Director of Strategy and Corporate Development, Prudential, Matt Lilley, informed the Commissioner for Insurance, Mr. Fola Daniel, that his company was a purely life insurance entity and had been in operation for 165 years.
The company, he added, has its major investments in Asia at the moment and has recently injected $5m into a small insurance business in Ghana.
He stated that Prudential was keen and eager to enter the Nigerian market for big ticket businesses.
According to the statement, Daniel expressed his delight at the visit and the desire of Prudential to invest in the Nigerian insurance industry.
He promised the support and cooperation of the commission toward the successful entrance of the company into the Nigerian market.
Source Punch
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