Adeniji AbosedeThe Nigerian insurance industry is at a turning point. For decades, penetration has remained below 5%, with many consumers skeptical about the value of insurance. But things are changing rapidly. In the next five years, both consumers and businesses
Adeniji AbosedeNigeria’s Insurance Act now makes it compulsory for all public buildings, such as schools, offices, hospitals, hotels, markets, tenements, and residential buildings rented out, to be insured against fire, earthquakes, storms, floods, etc.
Adeniji AbosedeA No-Claim Bonus is a discount your insurer gives you for being a “low-risk” client. It’s a reward for going through an entire policy year without making any claims.
Adeniji AbosedeGone are the days when insurance was a back-office conversation. With the rise of Insurtech and API-based integration, insurance is now becoming a seamless part of the platforms we already use every day.