NAICOM, Ghana’s NIC Strengthen Regional Integration, Drive Insurance Innovation

L-R: Dr. Abiba Zakariah; Commissioner for Insurance, National Insurance Commission (Ghana) and Mr. Olusegun Ayo Omosehin; Commission for Insurance, National Insurance Commission (Nigeria).

The Commissioner for Insurance of Ghana, Dr. Abiba Zakariah, today paid a working visit to the National Insurance Commission (NAICOM) of Nigeria, marking a significant step toward deepening regional collaboration within the African insurance sector.

The engagement focused on advancing cross-border co-operation in insurance innovation and reinforcing the role of the industry in driving sustainable regional economic growth.

In his welcome address, Nigeria’s Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, underscored the critical role of insurance in economic development.

He emphasised that meaningful poverty reduction across Africa remains unattainable without significantly increasing insurance penetration, which is essential for risk management, financial resilience, and inclusive growth.

Responding, Dr. Zakariah expressed appreciation for the warm reception and reaffirmed Ghana’s commitment to strengthening partnerships within the region.

She noted that prioritising collaboration among African insurance regulators is key to unlocking innovation, expanding market access, and enhancing financial inclusion across the continent.

The visit highlights both nations’ shared resolve to leverage regulatory cooperation and InsurTech advancements to build a more resilient and integrated African insurance landscape.

#NAICOM #NICGhana #InsuranceRegulation #InsurTech #AfricaInsurance #RegionalEconomy #FinancialInclusion #InsurancePenetration.

 

Hot this week

EFCC Loses Bid to Prosecute Chappal Energies MD over Shareholding Dispute

Justice Josephine Obanor of an FCT, Abuja, high court...

Nigeria Records 43,000 Snakebites, 2,500 Deaths Annually

Experts have urged residents to avoid handling snakes and...

Tangerine General Insurance, emPLE Nigeria Join IMT 5.0 as Sponsors

Insurance Meets Tech (IMT), West Africa's leading platform for...

LAWMA Hosts Students on Educational Visit to Mark World Science Day 2026

The Lagos Waste Management Authority (LAWMA), through its Academy,...

Leadway Assurance Returns as Official Insurer of Lagos International Trade Fair for the Second Consecutive Year

Leadway Assurance, Nigeria’s leading insurance services provider and a...

Topics

VISA Unveils Secure Payments Plan for Internet of Things

Visa says that it is expanding its Visa Ready...

Zenith, FCMB, GT Lead Negative Bank PR; Coronation, Leadway in Insurance Sector

Since the beginning of 2022, the Nigerian banking (commercial...

Sterling Bank Implements Blockchain Solution for SPPG

Sterling Bank, a leading financial institution committed to driving...

NGX Chair: Africa Has a Unique Opportunity to Participate, Shape Global Financial System

The talking points by Dr. Umaru Kwairanga, Group Chairman,...

Fidelity Bank Supports Improved Maternal Health in Lagos

Leading Financial Institution, Fidelity Bank Plc, has donated maternity...

State Police and the Questions Nigeria Can No Longer Avoid

By Tosin Osasona Nigeria’s post-1999 democratic era has coincided with...

17 States Owe Pensions, Salaries Despite N1.8tr Bailout

BudgIT, worried that some states are yet to fully...

IATA, FIATA Unveil New Air Cargo Program

The International Air Transport Association (IATA) and the International...