Insurance Sector: Nigeria’s galloping inflation to drive claim costs
As Nigeria sinks deeper into inflation on a virtually daily basis, economists are voicing palpable fears that the insurance industry ...
Tag: Insurance claims
Insurance Sector: Nigeria’s galloping inflation to drive claim costs
The impact of high inflation on insurance companies is multifaceted, posing significant challenges to their operations, profitability, and long-term sustainability
Insurance firms report higher claim expenses as inflation, exchange rate bites
Claims paid out by Nigeria’s top insurance companies surged to N94 billion in the first 9 months of 2022.
