NIIRA 2025: A New Era for Nigeria’s Insurance Industry

The Nigerian insurance landscape has entered a transformative phase with the enactment of the Nigerian Insurance Industry Reform Act (NIIRA) 2025. Signed into law on 5 August 2025, the Act replaces previous insurance regulations and introduces a modern framework focused on financial strength, consumer protection, and operational discipline. Stronger Capital Base and Industry Structure One of the most significant changes …

New Motor Insurance Rates

NAICOM

The Federal Government of Nigeria has announced an increase in motor insurance tariff. In a circular issued by the National Insurance Commission (NAICOM) on 22nd December 2022 and signed by its Director of Policy & Regulation, Dr Leonard Akah, the Commission stated that “pursuant to the exercise of its function of approving rates of insurance premium under section 7 of …

Claims Administration

Claims Administration

As a first step, in case you have any claims pending or outstanding with any insurance Company, we would gladly step in with a view to securing your interest for prompt settlement. Again, our contacts across our industry gives us an advantage in this area, coupled with the fact that we enjoy excellent working partnership with various insurance companies. This …

Tailored Policies

Tailored Insurance Policies

Our services are solution-based. We, as matter of course, are insurance problem-solvers. Choosing a good underwriter is not enough if the terms given to the insured are loaded against him. We ensure policies purchased on your behalf must be sound and functional. The policies must be able to stand up in time of need. Needless to say some insurance terms, …

Choice of Underwriter

Choice of an Insurance Underwriter

To navigate the sea of insurance companies doing business in Nigeria today, you need the dexterity of a “New York Pilot” flying in the midst of the New York skyline. Expertise, intimate knowledge, and experience counts here for a major competence. Our close contacts, as we carry on our business, enables us to know who is who. We bring this …

Premium Rating

Insurance Premium Rating

More for less! What this means is that we negotiate wide scope of cover at most competitive terms and premium rates and payment terms to our clients’ delight and advantage. We have access to all the providers, and because of our high level contacts across the industry, we are able to this. Available discounts and rating concessions will be obtained …

Risk Identification

Insurance Risk Identification

More for less! What this means is that we negotiate wide scope of cover at most competitive terms and premium rates and payment terms to our clients’ delight and advantage. We have access to all the providers, and because of our high level contacts across the industry, we are able to this. Available discounts and rating concessions will be obtained …

Aviation Insurance

Aviation Insurance

Aviation Hull: Aviation Hull insurance is generally divided into three: Hull – Loss or Damage – This is effected by the owner or operator against loss or damage to the aircraft itself. Third Party Liability indemnifies the insured for all sums legally due to third parties resulting from accidental injury to or death of persons or damage to property on …

Marine Insurance

Marine Insurance

Marine Cargo Marine cargo insurance has undergone series changes and legislation to get where is presently is. Before 1976 all goods imported into Nigeria where insured by the overseas supplier; in 1976, the government of Nigeria passed a decree making it compulsory to take marine policies in Nigeria on goods being imported into the country. There are presently three types …