Omosehin Tasks Insurers to Contribute Towards Bridging Infrastructural Deficit
Ebere Nwoji The Commissioner for Insurance, Mr Olusegun Ayo Omosehin, has urged insurance managers to contribute their quota towards bridging infrastructural deficit in Nigeria through sustainable risk management and local
Olusegun Omosehin, the Commissioner for Insurance in Nigeria, has called on insurance managers to contribute to closing the country's infrastructure gap through responsible risk management and local investment. Speaking at the 2026 National Insurance Brokers’ Conference and Exhibition in Abuja, Omosehin suggested that insurers could achieve this through pooled funds, infrastructure bonds, and customized risk guarantees, positioning them as facilitators of national progress.
Omosehin pledged the National Association of Insurance Commission's (NAICOM) commitment to fostering an environment that promotes product innovation, capital expansion, and market growth. He encouraged NCRIB and its members to lead by forming strategic alliances across banking, energy, manufacturing, and public infrastructure sectors.
The commissioner urged attendees to transform the conference from mere discussions into actionable recommendations that would bolster the brokerage profession, advance the National Insurance Risk Insurance Reforms (NIIRA) 2025, and position insurance as a more effective tool for infrastructure financing and national development.
Omosehin emphasized that as Nigeria strives for sustainable economic revival and a multi-trillion-dollar economy, the need for substantial domestic capital accumulation and strong risk management mechanisms has never been greater.
He highlighted the crucial role brokers play in the Nigerian insurance market, stating that brokers, as trusted risk advisors and intermediaries, generate a significant portion of the market's total premium volume.
Written by urgent.news from This Day's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
