Economic and Financial Review


Central Bank of Nigeria


Insurance, Insurance Industry, Nigeria


This report describes the activities of insurance companies operating in Nigeria in 1985. Among the topics covered are the number and type, ownership structure, income and expenditure and the relative performance of the insurance companies. Their sources and application of funds, loss and expense ratios are also discussed by class of insurance. The report, which ends with a discussion of the assets -of the insurance companies, observes that operating costs rose in the companies during the review period, and traces the source of the increased costs to higher costs in the life insurance companies run by indigenous insurers.

Author Bio

The authors are staff of the Statistical Surveys Office, Statistics and Econometrics Division, Research Department, Central Bank of Nigeria

Publication Title

CBN Economic and Financial Review





Recommended Citation

Central Bank of Nigeria (1987). Nigeria's Insurance Industry in 1985. CBN Economic and Financial Review. 25(2), 35-44.



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