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.