Insurance industry books higher assets, net worth and payouts in the 1st quarter

THE INSURANCE SECTOR’S total assets, net worth, and benefit payouts grew in the first quarter, the Insurance Commission (IC) reported on Thursday. The IC said in a statement that data from 129 out of 135 licensed life and nonlife insurers and mutual benefit associations (MBAs) showed their total assets increased by 12.21% year on year, […]