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.

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

The Nigerian Insurance Industry Reform Act (NIIRA) 2025, introduces stronger regulatory control over insurers, expanding the National Insurance Commission's (NAICOM) authority.

Nigeria Insurance

Compos Mentis Legal Practitioners

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

(NIIRA 2025). This landmark legislation repeals the Insurance Act, 2003, and consolidates related provisions, ushering in a modern regulatory framework designed to strengthen financial resilience, improve market conduct, enhance governance, and protect policyholders.

Nigeria Insurance

TA

Tope Adebayo LP

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

On Tuesday, August 5, 2025, the Nigerian President, Bola Ahmed Tinubu signed into law the Nigerian Insurance Industry Reform Act (NIIRA or the "Act") 2025.

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

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

Aviation: Financing And Leasing 2025

Nigeria Transport

SK

Streamsowers & Kohn

Warranty And Indemnity Insurance In Nigerian Mergers And Acquisitions – Navigating Complexity, Re-Allocating Risk, And Unlocking Value At Exit

Nigeria Insurance

UU

Udo Udoma & Belo-Osagie

Underwriting Risk Commitments And Registration Requirements

Nigeria Commercial

TA

Tope Adebayo LP

The Breakdown Of CAC Share Capital Threshold For Company Registration In Nigeria

Nigeria Commercial

Adeola Oyinlade & Co

Aviation: Finance And Leasing 2024

Nigeria Transport

SK

Streamsowers & Kohn

Understanding Risk Management And Dispute Resolution For Nigerian Startups

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

Nigeria Insurance

KN

KPMG Nigeria

Emerging Legal Issues In International Trade | AELEX ITPG Webinar 2024 (Video)

Nigeria International

A

AELEX

Nigerian Tax Reforms And The Future Of Free Trade Zones In Nigeria: A Significant Policy Shift.

KN

KPMG Nigeria

Review Of The Lagos State Tenancy And Recovery Of Premises Draft Bill, 2025

Nigeria Real Estate

OA

Olisa Agbakoba Legal (OAL)

Understanding Commercial And Microfinance Banking Licenses In Nigeria (TALP's Fintech Series 3)

Nigeria Technology

TA

Tope Adebayo LP

Copyright And The Public Domain In Nigeria: Legal Framework And Challenges

Osuntuyi & Tokan-Lawal Law

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)

The Nigeria Deposit Insurance Corporation (NDIC) was established as a government corporation responsible for the protection of the deposits of customers of banks...

Nigeria Insurance

KA

Kalepron Attorneys

Building Financial Resilience: Strategies For Nigerian Families

A typical family may experience financial strains due to the prevailing unfavourable economic indices – high inflation, unemployment, exchange rate and other factors.

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

Implementation Of Universal Healthcare Coverage

A long-standing objective of the Nigerian government has been to establish universal healthcare coverage for its large and growing population (over 220 million in 2023).

Nigeria Healthcare

W

WTW

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

Insurance is an essential financial safety net that provides peace of mind, protecting the insured/policyholders from unexpected events and the financial repercussions they can bring.

Nigeria Insurance

TT

The Trusted Advisors

The Costly Consequences Of Inelegant Drafting

It was the late renowned English judge, Lord Denning MR, that opined that "words are the lawyer's tool of trade".

Nigeria Litigation

SA

S.P.A. Ajibade & Co.

Employers Are Now Mandatorily Required To Provide Health Insurance?

Section 14 (1) of the National Health Insurance Act 2022 ("NHIA") provides that all residents in Nigeria are required to obtain 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

The Imperatives Of Aviation Insurance In Nigeria

Approximately a hundred years ago, Lloyds London were the first to make it possible to offer insurance in Aviation prior to the World War in 1914.

Nigeria Insurance

MC

Marcus-Okoko & Co

Insurance- A Viable Means Of Securing Tangible Assets

On the 17th July 2021, a popular supermarket in Abuja, Next Cash and Carry located in the Kado area of the Federal Capital Territory in Abuja was gutted by fire.

Nigeria Insurance

FS

Moroom Africa Legal Consults

Framework For Insurance Web Aggregators In Nigeria

On 1st February, 2022, the National Insurance Commission ("NAICOM"), issued the Insurance Web Aggregators Operational Guidelines ("Guidelines"), 2022.

Nigeria Insurance

FS

Moroom Africa Legal Consults

Highlights Of The NHIA Act 2022

Health, they say, is wealth, and we couldn't agree more. It is therefore I commendable that the President has signed into law...

Nigeria Healthcare

T

TNP

Commentaries On The National Health Insurance Authority Act, 2021

Nigeria Healthcare

KN

KPMG Nigeria

Newsletter: Startup Lingo And Neologims – 24 March, 2022

Worldwide Technology

SI

Sidebrief Inc.

The National Insurance Commission (NAICOM) Again Postpones & Further Segments Compliance With The Recapitalization Of Insurance Companies In Nigeria – Matters Arising For The Sector

Nigeria Insurance

A

Alliance Law Firm

Understanding The New Framework For Insurance Web Aggregators

Nigeria Insurance

A

AELEX

NAICOM Deepens Insurance Penetration In Nigeria With The New Operational Guidelines For Insurance Web Aggregators

Nigeria Insurance

BI

Banwo & Ighodalo

Tech Regulatory Update: Regulation Of Insurance Web Aggregators In Nigeria

Nigeria Insurance

PL

Pavestones Legal

Cyberinsurance: The State Of Nimbleness In Nigeria

Nigeria Insurance

MC

Marcus-Okoko & Co

Legal Consequence Of Non-Compliance With Group Life Insurance Provison Of The Pension Reform Act

Nigeria Employment

OA

Olisa Agbakoba Legal (OAL)

Naicom's Corporate Governance Guidelines For Insurance And Reinsurance Companies 2021 (CGGIRC)

Nigeria Insurance

LB

LeLaw Barristers & Solicitors

Potentials: Insurance Cover For Intellectual Property Misappropriation In Nigeria

LB

LeLaw Barristers & Solicitors

Future Trends In Fintech In Nigeria

Nigeria Technology

SA

S.P.A. Ajibade & Co.

Positioning For Growth In The Nigerian Insurance Sector

Nigeria Insurance

SF

Sefton Fross

Legality And Enforceability Of Insurance Contract In Nigeria

Nigeria Insurance

FE

Fred-Young & Evans

Opportunity Spotting: Telescoping Potentials For Cyber Insurance In Nigeria

Nigeria Insurance

LB

LeLaw Barristers & Solicitors

NAICOM's State Insurance Producer (Sip) Policy: A Hasty Brew?

Nigeria Insurance

LB

LeLaw Barristers & Solicitors

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