Tag: AIICO Insurance Plc

One of the major problems currently facing underwriting businesses is their inability to raise their capital base to meet the proposed requirement. This is becoming a source of worry for many industry stakeholders. Although the Coronavirus outbreak is flattening, the pandemic has set the global economy spiraling, with recovery in some countries predicted to remain sluggish for the next few years. The Nigerian economy is not isolated from this development as its revenue continues to shrink. Many companies are closing businesses while those still in operation are struggling to survive. Investment is shrinking just like other areas of the economy. This poses a serious challenge to insurance industry recapitalisation, an exercise that started long before the pandemic struck. Thoug...