Insurer Vows Stronger Compliance Support, Government Engagement For New Insurance Act

As the industry enters the final weeks of recapitalisation under the Nigeria Insurance Industry Reform Act 2025, the incoming chairman of Nigerian Insurers Association (NIA), Ebelechukwu Nwachukwu said the Association will intensify compliance support for members and strengthen engagement with the government.
She stated that the NIA has a statutory duty to advise on insurance-related legislation and assist operators in meeting new risk-based capital and minimum capital requirements.
Speaking at a pre-investiture press conference held in Lagos, Nwachukwu who is also the managing director of REX Insurance Company Limited said, “her leadership will focus on ensuring the new Act delivers ...