Press 234

Insurance sector losing N50bn yearly, says Botsurance CEO

Nike Popoola The Chief Executive Officer, Botsurance, Samuel Adekambi, has said Nigerian insurance industry is losing about N50bn premium to fraud yearly. While speaking with our correspondent, he said that insurance penetration in Nigeria was currently below two per cent.  “Available data suggest that the Nigerian government and the country’s insurance industry lose at least

Read More

Categorized as Business