Insurers Move To Shorten Claims Process, Enhance Customer Service
The Chairman of Nigerian Insurers Association (NIA), Mr. Kunle Ahmed says the insurance companies in the country are committed to a timely processing and payment of all valid claims, so as to build public trust and ensure the sustainability of the sector.
Speaking at the first quarter media chat of the association on Tuesday in Lagos, Ahmed emphasised that the hallmark of any insurance company worth its license is the payment of claims.
Despite the N536.5 billion claims paid by the industry in 2023, which is about 53% of the gross written premium for that year, he stated that there is still significant improvements to be made on the ease of making a claim and general improvement of the claim process.
He also informed that the NIA would soon be inviting Fintechs to make a pitch on different innovations that will ensure that the claim process is shortened leading to improvement in the timely payment of claims.
UNDP partners NAICOM, NIA, NCRIB on Insurance Literacy, Consumer Protection Campaign
The Nigerian Insurers Association(NIA) on Tuesday, Feb. 4, 2025, represented its member companies at the 2025 United Nations Development Programme (UNDP) Insurance Literacy and Consumer Protection Campaign held at the Balogun Business Association Square(BBA), ASPAMDA Market, Lagos International Trade Fair, Badagry Road, in Lagos.
The campaign, scheduled to hold across different states of the country, including the FCT, is in collaboration with the National Insurance Commission (NAICOM), the Nigerian Insurers Association(NIA) and the Nigerian Council of Registered Insurance Brokers(NCRIB).
NIA, represented by Mr Soji Oni, Controller Technical, explained risk management mechanisms for
market risk improvement during the campaign.
NIA Celebrates her 26th Chairman, Mr Kunle Ahmed
The Nigerian Insurers Association with the entire insurance industry, on Wednesday, celebrated Mr Kunle Ahmed as the 26th Chairman of the Nigerian Insurers Association (NIA), during his investiture which was widely attended by government officials, regulators, and leaders in the financial sector in Lagos. At the event, financial leaders and other achievers, extolled the virtues and […]
CIIN Leadership Visits NIA Chairman and the Governing Council of the Nigerian Insurers Association
On Thursday, 29 August 2024, the President of the Chartered Insurance Institute of Nigeria (CIIN), Mrs. Yetunde Ilori, paid a courtesy visit to the Chairman and Governing Council of the Nigerian Insurers Association (NIA) at the NIA Secretariat.
The visit was made alongside other council members of CIIN; during the visit, Mrs. Ilori engaged in discussions with the NIA leadership, focusing on the advancement of the insurance sector in Nigeria. The meeting highlighted the importance of collaboration between the CIIN and NIA in promoting professional standards, enhancing public confidence in insurance, and driving industry growth.
NAICOM Leadership Visits NIA, Assures Policyholders’ Protection, Stable Insurance Sector
In a bid to foster collaboration and drive growth in the insurance sector, the new Commissioner for Insurance (CFI), Mr. Olusegun Omosehin expressed his commitment to building a robust and stable insurance sector that prioritizes the protection of policyholders and the beneficiaries of insurance policies in general. He stated this during his visit to the NIA Secretariat to meet with all the CEOs of insurance companies in the industry.
OVER FOUR DECADES OF THE ECOWAS BROWN CARD SCHEME
Nigerian National Bureau, ECOWAS, Commemorates Four Decades of ECOWAS Brown Card Insurance Scheme; Reinforces Commitment to Continuous Innovation and Collaboration
The Nigerian National Bureau, in collaboration with the Economic Community of West African States (ECOWAS), is proud to celebrate the 42nd Anniversary of the ECOWAS Brown Card Insurance Scheme. This significant milestone marks over four decades of successful implementation and operation of the scheme and its contributions to regional cooperation and integration.
Since its inception on May 29 1982, the ECOWAS Brown Card Insurance Scheme has played a crucial role in facilitating the movement of persons and goods across the ECOWAS member states. The scheme provides compensation to road accident victims for bodily injury, death, and material damage within the ECOWAS region. This initiative has provided individuals and businesses with essential protection and peace of mind while promoting the free movement of goods and services within the region.
NIA Governing Council Visits NAICOM
The Commissioner for Insurance/CEO, Mr. Segun Ayo Omosehin, and his management team welcomed members of the Governing Council of the Nigerian Insurers Association (NIA) led by the incoming Chairman, Mr. Kunle Ahmed, who paid a courtesy visit to the National Insurance Commission (NAICOM) on Thursday, May 9, 2024 in Abuja.
During the meeting, the NIA incoming Chairman extended congratulations to the recently appointed Executive Management and expressed gratitude to the Commission for its pivotal role in maintaining a fair and stable insurance sector. He emphasised the importance of initiating the implementation of the 10-year strategic plan and finalising the consolidated insurance bill. Furthermore, he expressed willingness to collaborate with the new Executive, expressing confidence in their ability to elevate the insurance sector to greater heights.
The NIA delegation was briefed on the Commission’s ongoing review of its strategic plan to align it with the Nigerian insurance industry’s 10-year strategic plan.
Bola Tinubu Appoints New NAICOM Board
President Bola Tinubu on Friday 19th April approved the appointment of the board of the National Insurance Commission (NAICOM), naming, Olusegun Omosehin, the commissioner for Insurance/CEO of the regulatory body.
To work with him at the top of the management of the Commission is Ekerete Ola Gam-Ikon, the new deputy commissioner for Insurance (Technical) and Usman Jankara, the new deputy commissioner for Insurance (Finance and Administration).
Stakeholders Charge Insurers To Mitigate Socio-Political Risk Via Insurance
Stakeholders have affirmed that in a country like Nigeria, where socio-political challenges often intersect with economic uncertainties, the insurance industry can play a vital role in safeguarding the interests of individuals, businesses, and the nation as a whole.
House of Reps Reaffirms Support for Insurance Industry Growth
The Nigerian Insurers Association (NIA) has bagged assurance and positive support from the House of Representatives.
The assurance was given when the leadership of the Association visited the Chairman of House Committee on Insurance and Actuarial Matters of the House of Representatives, Honourable Ahmed Jaha, in Abuja.