By Kikelomo Okere, News Editor
Nigeria’s insurance industry is pushing for stronger collaboration with state governments to protect investments, strengthen businesses, and build economic resilience, as the Commissioner for Insurance and Chief Executive of NAICOM, Olusegun Ayo Omosehin, led a high-powered industry delegation to Abia State.
During a strategic engagement with the Abia State Government in Umuahia, discussions centred on expanding insurance penetration, reducing economic risks, and creating a safer environment for businesses and investors to thrive.
The Commissioner highlighted ongoing reforms aimed at strengthening consumer confidence, including the implementation of the Insurance Policyholders’ Protection Fund under NIIRA 2025. The initiative is expected to improve claims settlement processes, enhance industry stability, and provide stronger protection for policyholders.
Abia State Governor, Alex Otti, reaffirmed the state government’s commitment to partnering with the insurance industry to strengthen risk management, improve public awareness, and support sustainable economic growth.
The delegation included senior officials of NAICOM and leadership of major insurance industry bodies, reinforcing a united push to deepen insurance inclusion and economic protection across the country.
