He added that gross premium written rose to $62.1 million in 2017, compared with $49.2 million reported in the previous year, indicating an increase of 26 per cent. Technical profit grew by 22 per cent to $ 18.9 million in 2017, from $15.5 million in 2016, while underwriting profit grew from $7.7 million in 2016, to $8.7 million in 2017, representing growth of 12 per cent. Total income from operations rose by 24 per cent to $56 million in 2017, against $42.6 million achieved in 2016, while investment income rose to $2.4 million, compared with $1.6 million in 2016, showing an increase of 55 per cent. The reinsurer’s total assets also improved, as it rose by 30 per cent to stand at $120 million in 2017, against the previous year’s record of $ 92.3 million. Duffuor said The Gambia insurance market recorded the highest level of growth of 30 per cent in 2017, followed by Nigeria’s 19 per cent and Ghana’s 15 per cent.

Source: The Guardian July 31, 2018 05:25 UTC