Nigerian insurer sees premium income climb 13%

Nigeria’s leading insurance business, Leadway Assurance Company, has reported a 13% increase in gross premium income to NGN52.7bn in 2016, as its assets grew from NGN137.3bn in 2015 to NGN166bn in 2016. It attributed the increase largely to a growth in its annuity business. Leadway reaffirmed its commitment to its policyholders by paying claims in excess of NGN23bn in 2016, the largest payout…

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