NAICOM targets N6trn GPI by 2030

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Barring unforeseen circumstances of pandemic proportions, the National Insurance Commission (NAICOM) has projected the insurance industry Gross Premium Income (GPI) to grow from N630 billion in 2021 to N6 trillion by 2030.

The insurance sector regulator said the projection rides on the crest of carefully-tailored initiatives meant to stimulate growth in the sector.

The Head Corporate Communications & Market Development NAICOM Rasaaq Salami made the disclosure in a workshop paper entitled: ‘NAICOM’s Market Development Initiatives:

The Journey so Far’, which he delivered at a NAICOM sponsored seminar 2022 Retreat for Financial Journalists held in Uyo, Akwa Ibom, State at the weekend.

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