Nigeria: Insurance Laws and Products

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Insurance law and insurance regulation thought leadership, articles, podcasts, videos and webinars from expert sources across the legal world. Explore insights covering topics such as reinsurance, insurance law and insurance products.

Navigating Nigeria's New Insurance Framework: What Legacy Insurers, Insurtechs, And The Insured Need To Know.

In 2025, Nigeria introduced two significant Statutes that collectively reshape Nigeria's insurance industry.

Nigeria Insurance

GE

G ELIAS

Some Key Provisions In The Nigeria Insurance Industry Reform Act 2025

This article highlights some key reforms introduced by the Nigeria Insurance Industry Reform Act 2025 (NIIRA 2025), which has repealed the Insurance Act 2003 (IA 2023). It is the second in the series of articles exclusively focused on NIIRA 2025.

Nigeria Insurance

BC

Babalakin & Co.Legal Practitioners

The Case For Establishing A Nigerian P&I Club

Nigeria's recent election back into the Council of the International Maritime Organisation, after 14 years, marks more than a diplomatic milestone.

Nigeria Transport

PM

PYE·M Systems

Key Highlights Of The Nigerian Insurance Industry Reform Act 2025

On 29 July 2025, President Bola Ahmed Tinubu signed into law the Nigeria Insurance Industry Reform Act 2025 (‘NIIRA' or ‘New Act'), a legislation aimed at transforming the Nigerian insurance sector.

Nigeria Insurance

SK

Streamsowers & Kohn

Building Successful P&I Insurance In Emerging Markets: Lessons From China And Korea

Nigeria Transport

PM

PYE·M Systems

Modernizing Maritime Commerce In Nigeria: Key Innovations Under The Nigerian Insurance Industry Reform Act 2025.

Nigeria Insurance

SB

Stren & Blan Partners

The Nigerian Insurance Industry Reform Act 2025: Key Innovations And Business Implications

Nigeria Insurance

WT

WTS Blackwoodstone

Decoding The Insurance Reform Act: New Rules, New Realities For Intermediaries

Nigeria Insurance

PL

Pavestones Legal

Understanding The Taxation Of Income Of Employees Under The Tax Reform Acts

SA

S.P.A. Ajibade & Co.

Nigeria's Health Insurance Authority Takes A Big Step Forward On The Quality Improvement Journey

Nigeria Healthcare

HE

Health Ethics and Law Consulting

Aluko &Oyebode Maritime Newsletter: Quarter 3 2025

Nigeria Transport

AO

Aluko & Oyebode

Why Nigerian Football Needs Responsible Communication Between Stakeholders To Flourish

Nigeria Media & IT

GL

Greenfields Law

Innovations In Nigeria's Insurance Landscape: Key Provisions Under The Nigerian Insurance Industry Reform Act, 2025

Nigeria Insurance

Adeola Oyinlade & Co

Vital Signs - October 2025

Nigeria Healthcare

FS

Moroom Africa Legal Consults

Contactless Payments And The Future Of Retail Finance In Nigeria

Nigeria Technology

TA

Tope Adebayo LP

Marriage And Property In Nigeria: What Couples Need To Know About Their Rights

SP

SimmonsCooper Partners

Comprehensive Guide: Personal Income Tax Deductions Under The Nigeria Tax Act 2025

Syntegral Legal Practice

Firs Imposes 10% Withholding Tax On Interest From Short-Term Instruments

SB

Stren & Blan Partners

The Electoral Act 2026: Progress, Gaps, And The Legal Landscape For 2027

Nigeria Litigation

OA

Olisa Agbakoba Legal (OAL)

Nigeria's Insurance Industry Reform Act, 2025: A Deep Dive Into Reform And Its Challenges

After 22 years, Nigeria's insurance sector finally experienced a regulatory transformation as President Bola Tinubu assented to the Nigerian Insurance Industry Reform Bill...

Nigeria Insurance

AP

Advocaat Law Practice

The Impact Of Nigeria's Local Content Act On P&I Insurance

In 1972, the Federal Government of Nigeria issued the Nigerian Enterprises Promotion Decree, more commonly known as the Indigenisation Decree.

Nigeria Transport

PM

PYE·M Systems

Can Nigeria Stem Its $1.5 Billion Losses To Foreign Marine Insurers?

Nigeria has lost over $1.5 billion to foreign marine insurers in just three years. That's not a projection.

Nigeria Transport

PM

PYE·M Systems

How Can Nigeria's Blue Economy Ministry Help Build A $1 Trillion Economy?

In 2023, the Nigerian government established the Ministry of Marine and Blue Economy, a long-anticipated step toward harnessing the country's vast maritime potential

Nigeria Transport

PM

PYE·M Systems

De-Risking Nigerian Maritime Trade: The Case For Local P&I Insurance

Nigeria Transport

PM

PYE·M Systems

Why Nigeria Needs To Become A Maritime Insurance Hub In West Africa

Nigeria Transport

PM

PYE·M Systems

The Future Of P&I Insurance In Emerging Markets: The Viability Of Regional Hubs Like Nigeria

Nigeria Transport

PM

PYE·M Systems

Insurance Reform vs. Corporate & Competition Laws: Where The Conflict Lies

Nigeria Insurance

Compos Mentis Legal Practitioners

Policy Brief: Nigerian Insurance Industry Reform Act, 2025 (NIIRA 2025)

Nigeria Insurance

TA

Tope Adebayo LP

Regulatory Update: The Nigerian Insurance Industry Reform Act 2025 – Navigating Compliance

Nigeria Insurance

PL

Pavestones Legal

5 Key Things To Know About The Nigerian Insurance Industry Reform Act

Nigeria Insurance

UU

Udo Udoma & Belo-Osagie

Regulatory Update: Guidelines For Insurtech Operations In Nigeria Introduction

Nigeria Insurance

UU

Udo Udoma & Belo-Osagie

Liability Coverage In Cargo Insurance Contracts: All-Risk Vs. Named Perils

Nigeria Insurance

OA

Olisa Agbakoba Legal (OAL)

Regulatory Update: 2025 Guidelines For Insurtech Operations In Nigeria – Navigating Compliance

Nigeria Insurance

PL

Pavestones Legal

5 Key Things To Know About The Nigerian Insurance Industry Reform Act

The Insurance Reform Act requires insurance companies to increase their share capital to ensure solvency and enhance their capacity to pay claims.

Nigeria Insurance

UU

Udo Udoma & Belo-Osagie

Regulatory Update: Guidelines For Insurtech Operations In Nigeria Introduction

The National Insurance Commission (NAICOM), on 30th July 2025, released the Guidelines for Insurtech Operations in Nigeria (the "Guidelines"), which became effective on 1st August...

Nigeria Insurance

UU

Udo Udoma & Belo-Osagie

Liability Coverage In Cargo Insurance Contracts: All-Risk Vs. Named Perils

Cargo insurance is an important part of international and domestic trade, offering financial protection against the risks that goods face while in transit.

Nigeria Insurance

OA

Olisa Agbakoba Legal (OAL)

Regulatory Update: 2025 Guidelines For Insurtech Operations In Nigeria – Navigating Compliance

In furtherance of its regulatory powers, the National Insurance Commission (the "Commission") in its circular dated July 30, 2025 issued the Guidelines for Insurtech Operations in Nigeria 2025 (the "Guidelines").

Nigeria Insurance

PL

Pavestones Legal

Aviation: Financing And Leasing 2025

Nigeria Transport

SK

Streamsowers & Kohn

Understanding Risk Management And Dispute Resolution For Nigerian Startups

Startups in Nigeria face several challenges, from financial uncertainties and legal issues to operational hiccups and market fluctuations. Understanding effective risk management...

Nigeria Litigation

TT

The Trusted Advisors

Lagos State Government Issues Executive Order For The Subscription To Health Insurance Scheme By All Residents And Workers In Lagos State

The Executive Governor of Lagos State has issued an Executive Order (‘the Order') for the compulsory subscription to Social Health Insurance by all residents, employers, and workers in Lagos State (‘the State').

Nigeria Insurance

KN

KPMG Nigeria

How To Set Up An Insurtech Company In Nigeria

Do you want to set up and Insurtech company in Nigeria? Then this article has detailed the basics that will make that possible for you. Before going deeply into them, we would take a sneak peak to discover what...

Nigeria Insurance

SL

Scott's Legal

Tax Implications Of Workforce Engagement Forms In Nigeria – A Guide For Local And Foreign Employers

Labour is often deemed as the engine that drives the production wheel of a business organisation. In Nigeria, where a diverse and dynamic workforce propels various sectors...

Nigeria Employment

Ai

Andersen in Nigeria

Updated Review Of Maximum Deposit Insurance Coverage Level By Nigeria Deposit Insurance Corporation (NDIC)

Nigeria Insurance

KA

Kalepron Attorneys

Building Financial Resilience: Strategies For Nigerian Families

Nigeria Finance

Ai

Andersen in Nigeria

TAT Rules That Insurance Companies Are Subject To Excess Dividend Tax Rule In CITA

Nigeria Insurance

KN

KPMG Nigeria

Innovating Finance: How IP Insurance Can Transform Nigerian Innovative Startups.

TA

Tope Adebayo LP

Review Of Employee Benefits In Nigeria

Nigeria Employment

PL

Pavestones Legal

Offences And Penalties Under The Stamp Duties Act

SP

SimmonsCooper Partners

Breaking Data Silos - Overcoming The Paradox Of Analytics

Nigeria Insurance

BDO

An Overview Of Micro Insurance In Nigeria: A Legal Perspective

Nigeria Insurance

SA

S.P.A. Ajibade & Co.

Implementation Of Universal Healthcare Coverage

Nigeria Healthcare

W

WTW

How To Handle Insurance Claims Dispute In Nigeria: Tips For Policy Holders

Nigeria Insurance

TT

The Trusted Advisors

The Costly Consequences Of Inelegant Drafting

Nigeria Litigation

SA

S.P.A. Ajibade & Co.

Employers Are Now Mandatorily Required To Provide Health Insurance?

Nigeria Insurance

UU

Udo Udoma & Belo-Osagie

How To Obtain An Insurance Web Aggregator Operating License In Nigeria

Nigeria Insurance

TT

The Trusted Advisors

How To Make An Insurance Claim In Nigeria

Nigeria Insurance

TT

The Trusted Advisors

Nigeria Technology

BI

Banwo & Ighodalo

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