Nigeria, Kenya in race to boost global insurance premium

Following foreseeable improvement in human and infrastructure development in the future, Nigeria and some other emerging economies are sure to contribute immensely to the global insurance premium, according to a study published by Swiss Re Institute’s sigma. The study, which is part of the institute’s 50th year anniversary, also revealed that global insurance premium continued to rise in 2017 with emerging markets leading the way. According to Swiss Re Group Chief Economist, Jerôme Haegeli, “for the next decade, the shift to China is likely to continue. Given the impressive number…

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