Middle-East Conflict: Nigerian insurers to face high reinsurance costs

Middle-East Conflict: Nigerian insurers to face high reinsurance costs

By Rosemary Iwunze As the conflict involving United States, Israel and Iran escalates in the Middle-East, Nigeria insurance industry may face rising reinsurance costs. Commissioner for Insurance, Mr. Olusegun Omosehin, who disclosed this, noted that the crisis could trigger rising claims globally, leading to higher reinsurance pricing. The development, according to Omosehin, would inevitably affect Nigerian […] The post Middle-East Conflict: Nigerian insurers to face high reinsurance costs ap...

By Urowayino Jeremiah