Operators can tap Covid-19 opportunities for insurance, pension growth, penetration
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A graduate of Economics and Statistics from the University of Benin. An experienced researcher and business writer in the print and digital media industry, having worked as a Research Analyst at Nairametrics, Voidant Broadcasting Ltd, Entrepreneurs.ng, and currently a Market and Finance Writer at Business a.m. For stories, press releases, exclusive events, call +2347052803696 or send a mail to abuedec@gmail.com.
October 27, 2021445 views0 comments
However, the growth of the insurance and pension sub-sectors of the finance industry can be described as being on a gradual trend despite the existence of lower income groups who seem to have cut themselves out from the benefits of both industries. This could be hinged on the fact that the penetration rate has remained at an average of 0.4 percent of gross domestic product (GDP), a situation largely driven by a general lack of understanding and awareness of the inclusive benefits of insurance products, unambiguously, amongst low-income households.
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