NAICOM To Partner International Bodies To Deepen Insurance Market Capacity

The National Insurance Commission (NAICOM) has restated its commitment to fostering collaboration with international partners to deepen the capacity of Nigerian insurance market.
The Commissioner for Insurance and Chief Executive of NAICOM, Mr. Olusegun Omosehin stated this on Thursday in Abuja when the representatives from Egypt’s MISR non-life insurance group visited NAICOM.
The delegation led by the Chief Executive Officer of MISR, Mr. Mohammed Maharaj, discussex opportunities arising from Nigeria’s newly enacted Nigerian Insurance Industry Reform Act 2025 and the sector’s ongoing transformation agenda.
The delegation includes Ahmed Alkanhawy, Assistant CEO and Hossein Shaky of the Egypt Embassy in Nigeria, received a warm welcome from NAICOM leadership, who outlined the Commission’s mandate, recent reforms and goals to strengthen Nigeria’s insurance market in support of the country’s broader economic agenda.
Commenting on the visit, NAICOM emphasised its commitment to fostering collaboration with international partners to deepen market capacity and protect policyholders. Mr. Mohammed Maharaj expressed strong interest in Nigeria’s non-life and reinsurance opportunities and confirmed plans to meet industry stakeholders in Lagos to explore market entry and potential partnerships.