Retail Assurance In Nigeria: Assesing Fundamental Consumer Perspective

personal-insurance (1)

Valued at about N300 billion, Nigeria’s insurance industry has contributed significantly to the growth and development of the country’s economy. With the first insurance company in Nigeria, Royal Exchange Assurance, established in 1913, there are presently over 50 registered insurance companies. Though the industry has developed over the last century, there are still significant opportunities for growth -as its current performance is largely attributed to only a small fraction of its target customers.

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