Macro & Operating Environment

Macro & Operating Environment

 





  • Sterling Assurance’s operations in 2024 were significantly influenced by macroeconomic headwinds: inflation, currency volatility (exchange rate instability), regulatory scrutiny, and elevated costs (especially claims and reserve strengthening) under IFRS 17.




  • The broader Nigerian insurance sector showed signs of resilience amid these conditions, particularly via improved risk awareness, adaptation to digital tools, and greater client engagement.




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