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Developments In The Insurance Industry In Nigeria In 1999, Central Bank Of Nigeria Cbn
Developments In The Insurance Industry In Nigeria In 1999, Central Bank Of Nigeria Cbn
Economic and Financial Review
This report indicates that the size of Nigeria s insurance industry shrank in 1999, according to a survey conducted by CBN. The development was sequel to the exit of some insurance companies that could not fulfil the recapitalisation requirement by the National Insurance Commission (NA/COM). However, paid-up capital in the industry increased by 7.1 per cent in 1999, owing to the additional equity capital injected into the joint-venture insurance companies. Aggregate income and expenditure in the industry increased, although expenditure grew faster during the year under review. The investments of the insurance companies declined by 11.2 per cent from its …
Developments In The Insurance Industry In Nigeria In 1991, Central Bank Of Nigeria Cbn
Developments In The Insurance Industry In Nigeria In 1991, Central Bank Of Nigeria Cbn
Economic and Financial Review
Nigeria's insurance Industry expanded marginally In 1991. While some companies In the Industry diversified their activities from wholly life lo joint life and non-life, the number of companies formerly In the life business remained unchanged. Amidst general price increases, the aggregate industry Income rose although expenditures increased foster.
Developments In The Insurance Industry In Nigeria In 1990, Central Bank Of Nigeria Cbn
Developments In The Insurance Industry In Nigeria In 1990, Central Bank Of Nigeria Cbn
Economic and Financial Review
While the number of insurance companies operating in the Nigerian economy increased in 1990, both income and expenditure of the companies rose during the same period. The report revealed that the growth rate of income in the industry exceeded the expenditure rate, as the income to expenditure ratio rose from 1.59 to 1.81 between 1989 and 1990.
Nigeria's Insurance Industry In 1989, Central Bank Of Nigeria Cbn
Nigeria's Insurance Industry In 1989, Central Bank Of Nigeria Cbn
Economic and Financial Review
The growth in the number of insurance companies in Nigeria between 1988 and 1989 revealed the preference of the investors in the industry towards non-life underwriting business. In addition, only one out of the six new entrants into the industry was jointly owned. The unattractiveness of the industry to foreign investors was partly due to the perceived decreasing prosperity in the business as well as the unfavourable investment climate of the Nigerian economy. With many of the insurance companies now scheduled to be privatised, greater efficiency is expected in their operations, particularly among those previously controlled by the government. In …
Nigeria's Insurance Industry In 1985, Central Bank Of Nigeria Cbn
Nigeria's Insurance Industry In 1985, Central Bank Of Nigeria Cbn
Economic and Financial Review
This report describes the activities of insurance companies operating in Nigeria in 1985. Among the topics covered are the number and type, ownership structure, income and expenditure and the relative performance of the insurance companies. Their sources and application of funds, loss and expense ratios are also discussed by class of insurance. The report, which ends with a discussion of the assets -of the insurance companies, observes that operating costs rose in the companies during the review period, and traces the source of the increased costs to higher costs in the life insurance companies run by indigenous insurers.
Activities Of Insurance Companies In Nigeria: 1983 - 1984, Central Bank Of Nigeria Cbn
Activities Of Insurance Companies In Nigeria: 1983 - 1984, Central Bank Of Nigeria Cbn
Economic and Financial Review
This report contains an analysis of data extracted from the returns lodged with the Federal Ministry of Finance by insurance companies operating in Nigeria during 1983-1984. In 1983 and 1984 about 92.9 and 98.9 per cent of the existing companies had filed their returns at the time the survey was conducted. Estimates were made for non-response in order to provide a basis for consolidating for the entire insurance industry. The report is divided into five parts: namely, the structure and performance of the insurance industry, life insurance business, non-life insurance business, assets and investment pattern of insurance companies; summary and …
The Growth Of Insurance Business In Nigeria 1969 - 1978, S. E. Omoruyi, A. O. Demuren
The Growth Of Insurance Business In Nigeria 1969 - 1978, S. E. Omoruyi, A. O. Demuren
Economic and Financial Review
The paper is divided into five parts. Part I discusses the structure of the industry, while Part 11 gives a brief summary of its legislative and administrative controls. Part 111 outlines the sources and application of funds arising from the underwriting and investment operations of insurance companies in Nigeria while Part IV analyses their investment patterns. Part V highlights the problems and prospects of the industry and rounds up the paper with a brief summary and conclusion.