Insurance News

Local Insurance News

NIA Strengthens Ties with Police on Third-Party Motor Insurance Enforcement

As part of efforts to enhance collaboration on the enforcement of the Third-Party Motor Insurance Policy, the Nigerian Insurers Association (NIA) on Tuesday,15th April 2025, paid a courtesy visit to the Lagos State Commissioner of Police, CP Olorundare Jimoh.

The NIA team, led by Director General Mrs. Bola Odukale congratulated Jimoh on his appointment and commended the police for their role in improving compliance with the policy since its enforcement began on February 1, 2025.

Odukale extended sincere appreciation to the Inspector General of Police, IGP Kayode Egbetokun, for championing the enforcement, adding that the collaboration has significantly improved compliance across the country.

Read More »
Local Insurance News

Insurance must Embrace Digital Transformation to Remain Relevant, Competitive – Kunle Ahmed

The insurance industry must embrace digital transformation to remain relevant and competitive, as businesses face increasing pressure of disruption and customers expectations.

Kunle Ahmed, chairman, Nigerian Insurers Association (NIA) speaking the Chief Executive Officers Retreat held in Lagos said, “As we navigate an era marked by rapid technological advancements and evolving societal needs, it is imperative that we, as industry leaders, proactively adapt and innovate to stay ahead of the curve.”

Speaking on the theme, “Digital Disruption and Social Innovation: Reshaping Our Traditional Models,” Ahmed said this could not be more timely and relevant.

Read More »
International Insurance News

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.

Read More »
Local Insurance News

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.

Read More »
Local Insurance News

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.

Read More »