on July 16, 2014 by admin in Insurance Industry, Comments (0)

Nigeria: Insurance industry to introduce terrorism policies

Nigeria's Commissioner for Insurance, Fola Daniel, has said local insurers would soon start offering terrorism coverage, ThisDay Live reported.

Mr. Daniel said that two years ago, foreign players "began to add terrorism or kidnapping to their portfolio" and Nigerian insurers were not prepared for it. "This became an excuse to wanting to export 90% of such a risk abroad," he said.

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Article source: http://www.businessinsurance.com/article/20140716/NEWS09/140719906

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