Recent developments, such as: the rise of insurance aggregators, disruptive technologies (e.g internet of things (IoTs)) in business, improvement in Nigeria's ranking in World Bank’s Ease of Doing Business 2018, recent inclusion of e-commerce services on the Pioneer List (conferring eligibility for ‘pioneer status’ tax holiday), increased emergence and leverage of technology driven businesses (like electronic identification, online registration and business negotiation etc.) are good indices for improved insurance penetration in Nigeria. These underscore the potentials that lie ahead for the industry's positive evolution and growth.
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