Why insurance penetration is low in Nigeria – NCRIB

The Nigerian Council of Registered Insurance Brokers (NCRIB) has identified exclusion of pensions and micro insurance drivers, lack of technology as well as ignorance as reasons for low insurance penetration in Nigeria. The President, NCRIB, Mrs Ekeoma Ezeibe, raised the concerns on Tuesday at Nnamdi Azikiwe University, Awka, Anambra State during the 2026 Inaugural Annual ...