Nigeria’s insurance industry premium rises to N2.3trn in FY 2025

…driven by surging oil, annuity businesses Nigeria’s insurance industry saw premiums climb to N2.3 trillion in 2025, driven by businesses from the oil and gas sector, rising annuity uptake and improved risk retention by underwriters. The performance according to industry analysts signal a deepening market with growing capacity to absorb large-ticket risks and support long-term […] read more Nigeria’s insurance industry premium rises to N2.3trn in FY 2025

Nigeria’s insurance industry premium rises to N2.3trn in FY 2025

…driven by surging oil, annuity businesses Nigeria’s insurance industry saw premiums climb to N2.3 trillion in 2025, driven by businesses from the oil and gas sector, rising annuity uptake and improved risk retention by underwriters. The performance according to industry analysts signal a deepening market with growing capacity to absorb large-ticket risks and support long-term […]

read more Nigeria’s insurance industry premium rises to N2.3trn in FY 2025