The objectives of the Association are documented in the Memorandum of Association.
They are highlighted below.
To protect, promote, and advance the common interest of insurers and reinsurers in Nigeria.
To advise members on any action or proposed action by the government or any other authority in connection with any legislation or policy.
To advise or consult with the government regarding any act or thing done or being contemplated by it, its agencies, or other statutory bodies about any matter relating to the insurance business.
To guide and assist members in complying with any statute, regulation, order, or government directive relating generally to the business of insurance.
To create a better understanding of insurance by all sections of the community, including the furtherance of knowledge and research on insurance and related matters.
To collect, collate, and disseminate statistical, economic, and other information relating to insurance.
To maintain a constant dialogue with other trade associations in the insurance industry with a view to fostering good relationships between them as well as the insuring public.
To confer, consult, maintain, contact, and cooperate with any individuals, associations, societies, institutions, or bodies within or outside Nigeria having objects similar to those of the association.
To promote personal and friendly relationships among members of the association by holding conferences and meetings for the discussion of technical and professional matters relevant to insurance.
Protecting and advancing the common interests of insurers in Nigeria by creating and sustaining a positive image for the insurance industry and contributing to legislation and decisions made by the government and other public authorities in the best interest of the industry in particular and the national economy in general