NAICOM, Ghana’s NIC Strengthen Ties To Drive Regional Integration, Insurance Innovation
The National Insurance Commission (NAICOM) of Nigeria has strengthened collaboration with the National Insurance of Ghana, to deepen regional integration within the African insurance sector.
This strategic collaboration was reinforced when the Commissioner for Insurance of Ghana, Dr. Abiba Zakariah, paid a working visit to NAICOM, on Tuesday in Abuja.
The engagement, according to a statement by the Commission, focused on advancing cross-border cooperation in insurance innovation and reinforcing the role of the industry in driving sustainable regional economic growth.
Speaking during the meeting, Nigeria’s Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, underscored the critical role of insurance in economic development and poverty reduction in Africa.
“Meaningful poverty reduction across Africa remains unattainable without significantly increasing insurance penetration, which is essential for risk management, financial resilience, and inclusive growth,” he said.
In his response, Dr. Zakariah expressed appreciation for the warm reception and reaffirmed Ghana’s commitment to strengthening partnerships within the region.
She noted that prioritizing collaboration among African insurance regulators is key to unlocking innovation, expanding market access, and enhancing financial inclusion across the continent.
The visit highlights both nations shared resolve to leverage regulatory cooperation and InsurTech advancements to build a more resilient and integrated African insurance landscape.
