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NAICOM Unveils Initiative to Raise Insurance Penetration to 10% of GDP by 2031

• Insurers target 25 million Nigerians, 6,000 professionals, 250,000 MSMEs in 5-year ISSP blueprint • Omosehin demands stronger underwriting, governance, claims settlement •Leadway Assurance…

  • NAICOM launches five-year initiative to boost insurance penetration.
  • Target is to raise insurance penetration to 10% of GDP by 2031.
  • Initiative is Insurance Sector Strengthening Programme (ISSP) with stakeholders.

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