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Tag: Adekoya

How underwriters pool N44.15 billion written premium amid pandemic

How underwriters pool N44.15 billion written premium amid pandemic

Insurance
Despite worries about recession, four operators in the nation’s insurance industry were able to pool about N44.15 billion Gross Written Premium (GWP) for insured risks, The Guardian has gathered. The operators attributed the performance to growth across all lines of business in the market, even as stakeholders believe that one of the ways to drive industry penetration is through the underwriters’ financial strength. The insurers had recently done a virtual 2019 Annual General Meeting (AGM), and they include; Wapic Insurance Plc, AXA Mansard Insurance Plc, Anchor Insurance Company Limited, and Linkage Assurance Plc. Speaking on the performance development, the Managing Director, Wapic Insurance Plc Yinka Adekoya, described the growth as encouraging, and will continue to remain ...