The insurance industry’s total assets stand above N941.28 billion, It is reliably leant. According to the Nigerian Insurers Association (NIA), the total assets of underwriters in 2015 was N894.88 billion, while those of reinsurers stood at N46.40 billion, amounting to N941.28 billion.
NIA noted that Leadway Assurance Limited has controlling assets of N137.97 billion, followed by AIICO Insurance Plc. N80.72 billion and NICON Insurance Plc. N39.39 billion. It said Continental Re. has N26.53 billion, while Nigeria Re. has N19.87 billion.