NAICOM moves to boost insurance penetration in Nigeria

By Esther Agbo The National Insurance Commission (NAICOM) has unveiled plans to increase the number of insurance agents in Nigeria to boost insurance penetration, which in 2022 industry survey by Augusto and Co, stands at less than 1 percent, one of the lowest in Africa. According to NAICOM’s National Commissioner for Insurance, Olusegun Omosehin, during ...