Chuks Udo Okonta
In spite challenges clogging insurance growth in the country, some firms have continued to make steady progress yearly in premium underwriting. The strides made by these firms remain a pointer to opportunities inherent in the industry.
According to the 2014 financial status of companies published by the National Insurance Commission (NAICOM), 10 insurance firms that distinguished themselves in premium underwriting and can be considered as market leaders are: Leadway Assurance Limited, having a gross premium of N41.75 billion. The firm is followed by AIICO Insurance Limited with N28.83 billion; Custodian and Allied Insurance Plc has N20.45 billion.
Others are Mansard Insurance Plc, N13.57 billion; Niger Insurance Plc, N10.44 billion; Sovereign Trust Insurance Plc, N8.67 billion; NEM Insurance Plc, N7.25 billion; Royal Exchange Insurance Plc, N6.73 billion; Africa Alliance Insurance Plc, N6.56 and Zenith Insurance Limited, N6.49 billion.
NAICOM noted that that 48 underwriting firms that had submitted their 2014 as February wrote aggregate gross premium of about N150 billion.
No comments:
Post a Comment