The N31.9 billion recorded by AIICO as of June signifies a 26 per cent increase, compared to N25.4 billion recorded in comparative period of 2019.
has reported a Gross Written Premium of ₦31.9 billion as at June 2020, which signifies a 26 per cent increase, compared to N25.4 billion recorded in comparative period of 2019.
The statement said the growth is driven by the group’s earnings for the period and its strong matching of long-term assets and liabilities, despite volatile yields along the yield curve. “These product preferences were, however, impacted by the lower interest yield environment – leading to a 71 per cent increase in the proportion of premiums that had to be transferred to life funds ,” it said.
“The strong committed relationship we have built with our customers continues to endear them to us for repeat business, new businesses and referrals,” he said.
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