US EditionRising spare parts costs squeeze auto insurance sector - NewsTmes.com.ng
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Rising spare parts costs squeeze auto insurance sector - NewsTmes.com.ng
Nigeria’s auto insurance industry is under pressure over soaring costs of vehicle spare parts replacement, driven by recent naira depreciation and inflated claims expenses. Insurance companies said the increasing cost of replacing damaged parts has led to a surge in claims settlements, particularly in comprehensive motor insurance, putting pressure on their underwriting margins and policy … The post Rising spare parts costs squeeze auto insuranc…
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