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Linkage Assurance: excellent results in 2019

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Magazine Issue: 
The pandemic risk, insurers’ future Eldorado [3]
Magazine date: 
Jul 2020

Linkage AssuranceLinkage Assurance recorded a 21% turnover increase in 2019. It went from 5.39 billion NGN (14.75 million USD) in 2018 to 6.52 billion NGN (17.87 million USD) one year later.

The net profit moved from 290.11 million NGN (793.940 USD) in 2018 to 1.45 billion NGN (3.98 million USD) by late 2019.

The technical result has also improved significantly. It went from a loss of 772 million NGN (2.112 million USD) in 2018 to a gain of 409 million NGN (1.121 million USD).

The incurred losses decreased by 64% and was established at 1.6 billion NGN (4.39 million USD). Such improvement goes back to a better underwriting and risk management policy.

Read also | Nigeria joins the African Trade Insurance Agency – ATI [4]

Tue, 08/09/2020 - 09:55

Source URL: https://www.atlas-mag.net/en/article/linkage-assurance-excellent-results-in-2019

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