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Firms pay 28% of N356b premium income as claims

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Eddie Efekoha, NIA Chairman Of an estimated Gross Premium Income (GPI) worth N356 billion generated by the insurance industry last year, 28 per cent was paid out as claims to help individuals and businesses to recover from their losses, a report by Agusto & Co has shown. Agusto, a pan-African credit rating agency in the ...

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