Fola
Daniel, the Commissioner For Insurance, National Insurance Commission (NAICOM),
on Thursday said the insurance industry’s contribution to the Gross Domestic
Product (GDP) has drop to 0.6 per cent.insurance
Daniel
made the disclosure at the 2014 Insurance Professionals Forum organised by the
Chartered Insurance Institute of Nigeria (CIIN) in Abeokuta, Ogun State.
The
theme of the forum is “The Insurance Industry: New Trends, New Strategies”
According
to Daniel, the the drop in the contribution was as a result of the recent
rebasing of Nigerian economy which made it the largest in Africa and the 26th
in the world.
The old based economy, the insurance industry’s
contribution to the GDP was 0.7 per cent.
“This,
therefore calls for more dynamic strategies to deepen insurance reach among the
populace. The industry as a matter of deliberate policy
