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An underwriting firm, AIICO Insurance Plc, has reiterated its commitment to providing annuity service to Nigerians to deepen insurance penetration in the country.
By Rukayat Adeyemi
Lagos, May 4, 2021 AIICO Insurance Plc has posted Gross written Premium (GWP) of N19.7 billion for the first quarter March 31, 2021.
The GWP represented an increase of 12.2 per cent when compared with N17.6 billion posted in the corresponding period of 2020.
Mr Segun Olalandu, the companyâs Head, Strategic Marketing and Communications Department, said this in a statement on Tuesday in Lagos.
Olalandu explained that the performance was due to an increase of 34.0 per cent in the general insurance business.
He noted that the underwriting profit of N27.7 billion recorded during the review period compared with N131.0 million achieved in the corresponding period also contributed to the rise.
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