The Nigerian Insurers Association (NIA), led by its Chairman, Mrs Ebelechukwu Nwachukwu, has paid a courtesy visit to the National Insurance Commission (NAICOM) to strengthen collaboration between insurance operators and the industry regulator.

‎The visit provided an opportunity for both institutions to discuss key industry priorities, emerging developments and strategies for advancing the Nigerian insurance market.

‎A major focus of the meeting was the implementation of the Nigerian Insurance Industry Reform Agenda (NIIRA) 2025, which is aimed at supporting reforms and improving the industry’s resilience, competitiveness and long-term sustainability.

‎The discussions also reviewed progress on the Risk-Based Capital (RBC) project, a key initiative aimed at strengthening insurers’ capital adequacy and risk management practices.

Both institutions exchanged views on strategic measures to build market capacity, improve operational efficiency and deepen insurance penetration across the country.

‎The engagement highlighted the importance of sustained cooperation between industry operators and the regulator in advancing reforms, strengthening policyholder confidence and promoting financial stability within the insurance sector.

The NIA and NAICOM reaffirmed the importance of collaboration in positioning the Nigerian insurance industry for sustainable growth and increasing its contribution to national economic development.