Unlocking opportunities and innovations in Africa's Emerging Insurance Market
With a population of 211 million and insurance penetration below 1%, Nigeria is a key player in Africa’s insurance market. Despite its potential, growth is hindered by consumer mistrust, low awareness, limited purchasing power, and outdated processes. Addressing these barriers is essential to unlocking opportunities.
Innovative insurtech solutions are paving the way by simplifying claims, improving premium collection, and expanding last-mile access. These advancements aim to enhance customer acquisition and build trust, positioning Nigeria’s insurance market for transformation.
The Nigeria Insurance Forum brings together industry leaders, regulators, and stakeholders to discuss challenges and opportunities in this evolving landscape. The event will explore strategies for sustainable growth, offering valuable insights to shape the future of insurance in Nigeria.