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NIA unveils five-year strategy to deepen insurance penetration
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BizWatchNigeria.Ng
The strategy will focus on public education, industry capacity and enforcement of compulsory insurance.
The association plans to expand digital insurance services and deploy technology to combat fraud.
Main StoryThe Nigerian Insurers Association (NIA) has outlined a five-year strategy aimed at increasing insurance penetration in Nigeria through greater public awareness, stronger industry capacity and improved enforcement.
Nwachukwu added that digital platforms would enable customers to purchase insurance policies, verify compulsory insurance certificates and submit claims online.
Bottom LineThe NIA’s five-year strategy seeks to widen insurance participation by improving public understanding, strengthening insurers’ capacity, enforcing compulsory insurance and making insurance services more accessible through digital platforms.