Nigeria Insurers Annuity Boom Fades as Bond Yields Collapse
Nigeria Insurers are cutting down on their annuity business portfolio as a collapse in fixed income yields elevates the risks inherent in the hitherto booming business. A low yield environment making it difficult for insurance companies to meet obligations to customers, while annuity payout is eating deep into profitability. Annuities are essentially insurance contracts. A … Continue reading Nigeria Insurers Annuity Boom Fades as Bond Yields Collapse
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