The Nigerian Insurers Association (NIA) has called for stronger documentation of industry history and renewed collaboration among stakeholders as it marked its 55th anniversary with its 2026 Awards and Recognition Ceremony.
Speaking at the programme held in Lagos at the weekend, the Chairman, Kunle Ahmed, urged past leaders of the association to document their experiences, describing institutional memory as critical to sustaining reforms and guiding future leadership.
Ahmed commended former chairmen and members of the governing council for their role in shaping the industry, noting that their contributions, largely rendered without financial rewards, laid the foundation for the sector’s credibility and growth. He added that publications by past leaders would serve as references for decision-making and help to extend the influence of insurance beyond the sector.
Ahmed also disclosed that the NIA Governing Council had approved the institutionalisation of honouring past leaders as a regular feature of its activities.
Representing the National Insurance Commission (NAICOM), the Deputy Commissioner for Insurance (Finance and Administration), Ekerete Ola Gam-Ikon, underscored the importance of stronger collaboration between regulators and operators to deepen market penetration and enhance consumer confidence.
He noted that while the industry had recorded progress in recent years, particularly in governance and compliance, there was a need for sustained innovation, improved claims settlement processes and broader financial inclusion to unlock the sector’s full potential.
Gam-Ikon reiterated the commission’s commitment to ongoing reforms aimed at strengthening the regulatory framework and ensuring a more resilient and competitive insurance market.
