By Blessing Emmanuel The Nigeria Data Protection Commission (NDPC) and the National Insurance Commission (NAICOM) have formalized their collaboration to enhance data protection and privacy in Nigeria’s insurance sector through the signing of a Memorandum of Understanding (MoU). The agreement,…
By Esther Agbo The proposed recapitalisation in Nigeria’s insurance sector has sparked significant debate among industry stakeholders, with opinions divided on whether it will serve as a catalyst for growth or an impediment to new entrants. Experts highlighted that while…
By Esther Agbo The National Insurance Commission (NAICOM) has announced its plan to integrate Artificial Intelligence (AI) into Nigeria’s insurance sector. This initiative supports the Federal Government’s National Artificial Intelligence Strategy, which aims to establish Nigeria as Africa’s leading AI…
By Asishana John The African Insurance Organisation, AIO, has highlighted benefits of the insurance sector with the effective implementation of the African Continental Free Trade Area (AfCFTA) agreement. At the 25th African Insurance Forum, which opened in Kigali, Rwanda on…
By Asishana John There are indications that the insurance sector has shaken off the impact of COVID-19 on its performance recording 15.7 percent Year-on-Year, YoY, growth in contribution to gross domestic product, GDP, in the second quarter of 2021, Q2’21.…
