15% increase of premiums in 2013

According to an announcement made by Remi Olowude, outgoing chairman of the Nigerian Insurance Association (NIA),The nigerian market premiums in 2013 show an increase by 15% to 1.8 billion USD.

Speaking on the occasion of the annual general meeting of the NIA, R.Olowude also announced the soon re-establishment of the Energy and Allied Insurance Pool of Nigeria (EAIPN), a pool aimed at managing oil and energy resources of the country.