Nigeria, through its apex insurance industry regulator, the National Insurance Commission (NAICOM) has agreed to work with its Ghanaian counterpart, the Commission for Insurance, to deepen regional collaboration within the African insurance sector.
The working partnership was established when the Ghana’s Commissioner for Insurance, Dr. Abiba Zakariah, visited her Nigerian counterpart, the Commissioner for Insurance, NAICOM, Mr. Olusegun Ayo Omosehin, in Abuja.
A statement by NAICOM at the end of the visit said the meeting marks a significant step toward deepening regional collaboration within the African insurance sector.
NAICOM said the engagement with its Ghanaian counterpart focused on advancing cross-border cooperation in insurance innovation and reinforcing the role of the industry in driving sustainable regional economic growth.
During the meeting, Nigeria’s Commissioner for Insurance, Mr. Omosehin, underscored the critical role of insurance in economic development.
Meaningful poverty reduction across Africa, he said, remains unattainable without significantly increasing insurance penetration, which he noted was essential for risk management, financial resilience, and inclusive growth.
Responding, Dr. Zakariah expressed appreciation for the warm reception in Abuja and reaffirmed Ghana’s commitment to strengthening partnerships within the region.
She said that prioritizing collaboration among African insurance regulators was 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.
L-R : Commissioner for Insurance, National Insurance Commission (Ghana), Dr. Abiba Zakariah, and Commissioner for Insurance, National Insurance Commission (Nigeria), Mr. Olusegun Ayo Omosehin in Abuja recently.
