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NIGERIAN INSURANCE INDUSTRY
Artificial Intelligence (AI) is revolutionizing industries worldwide, including the Nigerian insurance industry. Imagine a future where filing a car accident claim is as easy as chatting with a friend.
Nigerian insurance industry witnesses impressive growth as premium volume reaches N726.2 billion in 2022.
The total gross premium income reported in the Nigerian insurance industry remains stagnant at N520 billion in 2021...
A recent report by Coronation Research has rated insurance penetration in Nigeria at 0.31%, which is extremely low.