Nigeria : Insurer declares 27% growth in Gross Written Premium
- 19 April 2022 / News / 284 / Fares RAHAHLIA
Underwriting firm, AXA Mansard Insurance Plc, has recorded a Gross Written Premium (GWP) of N60.2 billion in its business transactions in 2021, promising policyholders more returns on investment in the years to come.
The insurer, at the weekend, disclosed in its financial statement made available to The Guardian that the achievement represents a 27 per cent growth on the N47.58 billion it made in 2020.
According to the company, the net premium income stood at N37.14 billion, up by 17 per cent from N31.72 billion posted in December 2020. Investment and other income stood at N6.25 billion, a decline of 12 per cent from N7.09 billion recorded in 2020.
Operating expenses stood at N9.41 billion, showing a 22 per cent increase from N7.71 billion achieved in 2020 while profit before tax stood at N5.78 billion, a four per cent decrease from N6.04 billion recorded in 2020.
Algeria,Financial inclusion and climate change: Providing suitable financial products (M. Said Taleb)
- 09 May 2023
The Association of Banks and Financial Institutions (ABEF) organized today, at the National School of Statistics and Applied Economics (ENSSEA) of the University Pole of Koléa (Tipaza), an information...
Morocco, Global external position: Net debt position of 791.5 billion dirhams in 2022
- 27 April 2023
The overall external position, which reflects the financial situation of the Moroccan economy vis-à-vis the rest of the world, shows a net debtor situation of 791.5 billion dirhams (MMDH) at the end o...
Algeria: Imminent launch of the Algerian Bank of Senegal to strengthen trade between the two countries
- 17 April 2023
The Banque Algérienne Sénégalaise obtained its approval on Tuesday April 11 by the Senegalese Ministry (ABS) of Finance and Budget, according to a publication on LinkedIn from the National Bank of Alg...
Morocco, ADII: Publication of the collection of circulars issued in the 1st quarter
- 13 April 2023
The Customs and Indirect Tax Administration (ADII) has just published its collection of circulars issued for the first quarter of 2023.A total of 43 circulars were distributed covering six themes. Wit...