Motor insurance gains momentum amid improved claims payment

  • 📰 MobilePunch
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Car Car Headlines News

Car Car Latest News,Car Car Headlines

While motor insurance contributed 14.9 per cent of the total premium earned by local insurance companies in 2022, claims paid on the policy emerged as the highest in the non-life insurance business, NIKE POPOOLA reports

According to him, it is important for motorists to ensure they get insurance covers for their vehicles/

Other classes of insurance which are fire that generated N93.6bn, general accident had N46.1bn cent, marine had N51bn, oil and gas had N125.7bn, miscellaneous had N39.7bn, while life insurance had N309.9bn. Persistently, the life business retained about the same point of 93.3 per cent from its prior position of 93.8 per cent in quarter three.

She says, “Claims worth more than N84m have been paid to Nigerian third-party victims of accidents as of December 31st, 2021, even in the absence of an Automatic Ecowas Brown Card regime.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in CAR

Car Car Latest News, Car Car Headlines