many people were shouted down for saying the banks were declaring paper profit prior to the crisis

wont be surprised if shareholder get the same rough treatment for asking what insurance managers do with their funds too
after all its naija where asking oga qeustions is seen as disrespectful

Insurance coys are doing great, contrary to remarks from few individuals. Leadway is the leading insurance coy in nija today with over 35billion capital base. U may nt c d detials out dere because d coy is nt a quoted coy. D other coy listed above r among d leading wit good structure and capital base.

How many people here have cars and real insurance for their cars How many people here have any type of insurance (life, home, etc)

We, as a people, dont believe in insurance, so how can we expect the insurance sector to be profitable... Government is the only entity that patronizes them, and big companies... Aside from that, they are on their own...

https://www.nairaland.com/1252705/car-owners-prefer-fake-insurance

A discussion to buttress the point...

stockbull:

i will come with my view soon

I can't wait to have your view on this issue. Thanks

RiKKies: Consult a reputable broker. He will guide you.

Good advise sir!

Insurance Sector dominates the list of companies failing to sumbit thier 2011,2012 results

The list of defaulters which is contained in the recent X-Compliance document released late last week by the Exchange showed that Daar Communications Plc and Ikeja Hotels Plc will have to part with a sum of N3.4million each as fine. The document listed thirty-two (32) as guilty of failing to present their results within the stipulated time limit with John Holt’s name appearing twice.

The insurance sector dominated the list as 14 insurance companies fell prey. Linkage Assurance received the highest fine of N3.3million while the likes of Equity Assurance, Standard Alliance, Mutual Benefits Assurance, Great Nigeria Insurance and African Alliance Insurance will have to pay N3million each. Perhaps this is a confirmation that all is not well with the insurance industry in Nigeria.

Think about it

Maybe the NSE is also mislead the world