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Challenging Year for Insurance Sector

Ebere Nwoji highlights events that shaped the insurance sector in 2020 The year 2020 is unarguably an exceptional year for the insurance sector and other businesses in the country. This is due to the negative factors that slowed down normal business activities in the year. These factors and their consequences exerted much pressure on government, cooperate citizens and individuals. Against this backdrop, towards the end of the year, the Commissioner for Insurance, Sunday Thomas challenged insurance operators to rise to the task of reinforcing the economic resilience of individuals, businesses and the economy at large. On their part, the insurers described the year as a challenging one that required operators at all levels to plan for the future to be in position to manage present and future risks confronting the industry.

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