New Insurance Reform Act set to boost trust, efficiency, and investment in Nigeria’s insurance sector.
Moruf Apampa, CEO of NSIA Insurance, hails the Nigerian Insurance Industry Reform Act (NIIRA 2025) as a game-changer that strengthens consumer protection with a Policyholder Protection Fund and enforces timely claims settlement. The law aims to attract investments and drive digital transformation, raising capital requirements and building a resilient, transparent industry. Success depends on strict enforcement and regulatory capacity.
Leave a comment