The Chairman of the Nigerian Insurers Association (NIA), Kunle Ahmed, has outlined an ambitious agenda for 2026, urging chief executives of member companies to consolidate recent gains and collaborate closely on implementing the Nigeria Insurance Industry Reform Act (NIIRA). In a New Year message to industry leaders, Ahmed praised the resilience and collaborative spirit of insurers, crediting them with strengthening public confidence and advancing market development throughout 2025. “The past year was transformative for the Association and the industry,” Ahmed said, citing initiatives that expanded market depth, enhanced stakeholder engagement, and amplified the industry’s public voice.
Among the highlights were the launch of the NIA Innovation Lab, sustained advocacy on compulsory insurances, and regular engagements with the National Insurance Commission that led to improvements in regulatory circulars. The Association also broadened collaboration with the National Assembly, the Economic and Financial Crimes Commission (EFCC), and sister associations to promote a more enabling business environment.
Ahmed noted a refreshed media strategy and expanded capacity-building programmes aimed at preparing insurance professionals for a rapidly evolving marketplace.
He also announced progress on a key technical milestone: the development of a Nigerian Mortality Rate Table, supported by the Africa Re Foundation, expected to significantly strengthen the life insurance segment.