This article is significant for two reasons:
1. It illustrates the economic cost of Jihad inflicted on nations around the world.
2. It shows specifically what Nigeria is undergoing thanks to the vicious Jihadist organization Boko Haram, which evidently is growing more powerful all the time. Someone is supporting Boko Haram. Someone is funding them…
Two years ago, the umbrella body for insurance professionals in the country, Chartered Insurance Institute of Nigeria (CIIN), drew the attention of insurance operators and professionals to the need to evolve ways to provide insurance protection for some of the emerging risks in the country.
The President of the institute then, Mr. Wole Adetimehim, identified some of the emerging risks in the country including terrorism, spate of bombings and kidnap among others.
…with the increase in terrorist attacks by Boko Haram and the spate of bombings across Northern Nigeria, the demand for terrorism cover is now on the rise in the country. Many expatriates and professionals now ask for terrorism covers from their insurers while some others want terrorism extensions to existing insurances.