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What is the history and development of insurance in Nigeria?

Answer

The history and development of insurance in Nigeria started back in 1961 when the thought of insurance regulation first came out after the 1961 J.C. Obande Commission report. This report led to the Department of Insurance in the Federal Ministry of Trade has since transferred to the Ministry of Finance. The report is also responsible for the Insurance Companies Act 1961, which went into effect on May 4, 1967. This act focused mainly on direct insurers.
Reference:
Q&A Related to "What is the history and development of insurance..."
the historical development of accounting in Nigeria.
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www.naicomonline.org. History of Insurance in Nigeria. The first major step at regulating the activities of Insurance business in Nigeria was the report of J.C. Obande Commission
http://www.blurtit.com/318204/what-is-the-history-...
When using this website please use common sense. The information provided on this site is intended for your general knowledge only and is not a substitute for professional advice.
http://www.helpfulbox.com/ans/others/1116800
When using this website please use common sense. The information provided on this site is intended for your general knowledge only and is not a substitute for professional advice.
http://www.helpfulbox.com/ans/others/704112
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