The African Insurers Organisation (AIO) has moved to strengthen collaboration with the Nigerian insurance market while pledging more value in return for insurance companies of its member countries.

The Secretary General of the AIO, Mr. Jean Baptiste, said this during an official visit to the Nigerian Insurance Market in company of the AIO’s Communication and Public Relations Officer, Mr Charles Moki, hosted by the Nigerian Insurers Association (NIA) in Lagos.

A statement by the Head, Corp. Comm/Brand Management, NIA, Ajoke Adeyemi, said the visit of the AIO officials to Nigeria began with a meeting with the NIA Chairman, Mr Kunle Ahmed, flagged by the management of the NIA, led by the Director-General, Mrs Bola Odukale, on Monday, May 5, 2025, followed by a meeting with the Chief Executive Officers (CEOs) of AIO member companies in Nigeria.

The visit extended to other arms of the industry on Tuesday and ended with a dinner organised by the NIA on Wednesday for the AIO officials, Past Chairman of the AIO, Mr Tope Smart, board member of the AIO, Mr Eddie Efekoha, and principal officers of various arms of the insurance industry.

Kunle Ahmed, chairman of the Nigerian Insurance Association, disclosed this during a quarterly news conference on the performance of the industry by the association in Lagos.

Mr Ahmed said this growth was largely driven by the non-life insurance sector.

He said, “The 2024 performance of the insurance industry revealed a complex landscape marked by significant growth in certain areas alongside persistent and emerging challenges.

The Nigerian Insurers Association (NIA) has assured policyholders that insurance companies remain willing and prepared to pay all valid claims promptly and transparently.

NIA Chairman, Mr Kunle Ahmed, gave the assurance on Tuesday during the 2024 first quarter briefing on the industry’s performance, held in Lagos.

Ahmed stressed that honouring legitimate claims is essential for building public trust in the insurance industry.

He said, “Insurance companies are willing and ready to pay valid claims—be it third-party, comprehensive, or any other policy sold to the public.

“Claims payment and processing require urgent solutions. We are approaching this as a united industry to reduce costs and make a greater impact.”

Ahmed noted that beyond payments, the NIA is tackling challenges linked to ease and timeliness of claim settlements.