Mr Kunle Ahmed
Chairman
The NIA was established in 1971 as an umbrella organisation for all insurance and reinsurance companies in Nigeria. It has since then, offered its members a forum to speak to one another and for all of them to speak with one voice to the Government, its agencies and other parties on matters affecting insurance business.
The NIA organizes conferences, seminars and other events for members and also publishes a wide range of books and journals.
The Nigerian Insurance Industry is set to host no fewer than 250 foreign and local delegates for the 2025 West Africa Insurance Companies Association (WAICA) Education Conference, scheduled to take place from Sunday, 12 October to Wednesday, 15 October 2025 at the Grand Ballroom of Eko Hotel & Suites, Victoria Island, Lagos, Nigeria.
The Nigerian insurance industry have signalled its determination to embrace innovation through shared collaboration that will not only expand market opportunity, but also bolster customer experience.
This is as data from Industry’s Inaugural Innovation Survey shows that 87 percent executives are willing to collaborate on shared solutions, while another 69 percent are ready to commit resources in 2025.
The growing openness expressed at the formal launch of 2025 NIA Innovation Lab by the Nigerian Insurers Association marks a pivotal moment for the sector as it looks to modernise and meet emerging challenges.
The Nigerian Insurers Association (NIA) welcomes with great appreciation the presidential assent to the Nigerian Insurance Industry Reform Act (NIIRA) 2025, a pivotal legislation that sets the stage for transformative progress across the insurance ecosystem and the broader financial services landscape.
This Act, signed into law by President Bola Ahmed Tinubu, GCFR, represents a bold step toward strengthening the regulatory framework, enhancing public trust, improving market penetration, and modernising operations within the industry. It reflects the Federal Government’s commitment to deepening financial inclusion and ensuring that insurance becomes a robust pillar in Nigeria’s economic architecture and in line with the president’s vision for achieving a $1 trillion economy by 2030.
Office Address:
42, Saka Tinubu Street, Victoria Island, Lagos, Nigeria.
