November 12, 2025

Insurance Reform

Making Sense of the New Insurance Reform Act

Nigeria’s insurance industry is going through one of its biggest shifts. With the introduction of the Nigerian Insurance Industry Reform Act (NIIRA), the rules guiding insurers, businesses, and policyholders have been updated to reflect today’s realities. The goal is simple: boost trust, strengthen operators, protect customers, and encourage innovation. This is timely.Insurance penetration in Nigeria …

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