what are the benefit of consolidation and capitalization of nigeria insurance company
Total Comments: 3
Posted: Sat Oct 09, 2010 05:45 am Post Subject:
Well, can't really think of any specific type of consolidation that you're talking about. Capitalization broadens the scope of business. That's all I can think of right now!
Posted: Sat Oct 09, 2010 08:00 am Post Subject:
The benefit would be your ability to sell insurance in Nigeria. The chance of selling your Nigerian policies in any other part of the world would be nil, or close to it, courtesy of all the various forms of fraudulent schemes perpetrated on the world out of Nigeria. It has been said that Nigerian-based fraud accounts for as much as 30% of the country's Gross Domestic Product (GDP).
Posted: Mon Oct 11, 2010 12:39 pm Post Subject:
The benefit would be your ability to sell insurance in Nigeria.
I guess it would also be tough to sell insurance policies in Nigeria. Insurance is all about protection from unforeseen risks - the OP probably needs to work towards insurance awareness programs first.
Posted: Sat Oct 09, 2010 05:45 am Post Subject:
Well, can't really think of any specific type of consolidation that you're talking about. Capitalization broadens the scope of business. That's all I can think of right now!
Posted: Sat Oct 09, 2010 08:00 am Post Subject:
The benefit would be your ability to sell insurance in Nigeria. The chance of selling your Nigerian policies in any other part of the world would be nil, or close to it, courtesy of all the various forms of fraudulent schemes perpetrated on the world out of Nigeria. It has been said that Nigerian-based fraud accounts for as much as 30% of the country's Gross Domestic Product (GDP).
Posted: Mon Oct 11, 2010 12:39 pm Post Subject:
The benefit would be your ability to sell insurance in Nigeria.
I guess it would also be tough to sell insurance policies in Nigeria. Insurance is all about protection from unforeseen risks - the OP probably needs to work towards insurance awareness programs first.
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