Nigeria’s Commissioner for Insurance, Mr. Olusegun Omosehin, says that the National Insurance Commission (NAICOM) of Nigeria and Ghana’s National Insurance Commission (NIC) have strengthened partnership to reinforce the role of the industry in sustainable regional economic growth.
Receiving the Commissioner for Insurance of Ghana, Dr Abiba Zakariah, who paid a working visit to the NAICOM on Tuesday in Abuja, Mr. Omosehin underscored the critical role of insurance in economic development.
He emphasised that meaningful poverty reduction across Africa remained unattainable without significantly increasing insurance penetration and that insurance was essential for risk management, financial resilience and inclusive growth.
Responding, Zakariah expressed appreciation for the warm reception and reaffirmed Ghana’s commitment to strengthening partnerships within the region.
She noted that prioritising collaboration among African insurance regulators is key to unlocking innovation, expanding market access, and enhancing financial inclusion across the continent.
Local media reports said that the engagement focused on advancing cross-border cooperation in insurance innovation and reinforcing the role of the industry in driving sustainable regional economic growth and that visit highlighted the shared resolve of both countries to leverage regulatory cooperation and InsurTech advancements to build a more resilient and integrated African insurance landscape.
GIK/APA