According to the Nigerian Insurers Association (NIA)?claims amounting to N219.19 billion was paid to corporate and private policyholders in the past three years.?Broken down, the industry settled N85.56 billion claims, in 2010/112 financial year, representing an increase of nine per cent over N79.33 billion paid in 2009/10, while N53.3 billion was paid for 2008/9 financial year.
Source: Guardian
