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Nigeria’s insurers paid N307.2 billion in claims in the 2025 financial year, up from N216.9 billion in 2024, representing a 41.6 percent increase as stronger underwriting activity and rising policy utilisation pushed payouts higher across the industry. The increase reflects a broad rise in insurance activity, with data from 12 listed insurers showing that claims […]
read more Nigerian insurers pay N307bn in claims as industry expands
