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.

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

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

Nigeria Insurance

OA

Olisa Agbakoba Legal (OAL)

Aviation: Financing And Leasing 2025

Nigeria Transport

SK

Streamsowers & Kohn

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

Nigeria Insurance

PL

Pavestones Legal

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

How To Set Up An Insurtech Company In Nigeria

Nigeria Insurance

SL

Scott's Legal

The Nigeria Tax Act And Non-Resident Companies

KN

KPMG Nigeria

Unruly Passenger Behaviour In Nigerian Aviation: A Legal Guide To Rights, Obligations And Consequences

Nigeria Transport

OA

Olisa Agbakoba Legal (OAL)

ChatGPT: A Potential Game - Changer In The Legal Profession

Nigeria Technology

Syntegral Legal Practice

Beyond The Doctor's Mistake: Investigating The Chain Of Legal Responsibility In Cases Of Medical Negligence Involving Multiple Parties

Nigeria Litigation

OA

Olisa Agbakoba Legal (OAL)

Executors' Duties And Responsibilities In Estate Management: Legal Compliance In Nigeria

TT

The Trusted Advisors

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

The Lagos zone of the Tax Appeal Tribunal (TAT) recently issued a ruling in the case involving FBN Insurance Limited (FBN or "the Company" or "the Appellant") and Federal Inland Revenue Service (FIRS or "the Respondent").

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 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

As part of the National Insurance Commission's (NAICOM) efforts to improve the insurance business in Nigeria and its recognition of the impact of technology in improving the insurance business and its penetration to the grassroots level.

Nigeria Insurance

TT

The Trusted Advisors

How To Make An Insurance Claim In Nigeria

Nigeria Insurance

TT

The Trusted Advisors

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

Famsville Solicitors

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

Famsville Solicitors

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

The National Health Insurance Authority Act, 2021 ("the Act") was recently enacted by the National Assembly.

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

Consummations: Naicom & Insurance Industry Recapitalisation

Nigeria Insurance

LB

LeLaw Barristers & Solicitors

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