A high powered delegation of the Nigeria insurance industry, the first of its kind stormed Abia State Governor’s Office with a message for the state, citizens and every dimension of business endeavours to embrace insurance as the partner that helps and sustains business when insured riskshappen.
In the delegation was the Commissioner for Insurance, National Insurance Commission (NAICOM), Mr. Olusegun Ayo Omosehin, leading and accompanied by industry lieutenants from insurance industry on a courtesy visit to the Governor of Abia State, Dr. Alex Otti, OFR, at the Government House in Umuahia on Monday, June 1, 2026.
Discussions focused on strategic collaboration between Abia State and the Nigerian insurance sector to safeguard economic activities, mitigate risks, and enhance investor confidence. Mr. Omosehin emphasised that a robust insurance system is fundamental to protecting business investments and securing livelihoods across critical sectors of the Abia economy.
He said recent reforms in the sector were aimed at assuring policyholders that the Commission is committed to industry stability and has their backs. This was firmly knocked in by the newly established Insurance Policyholders’ Protection Fund (IPPF). He explained that the Fund, instituted by NAICOM under the provisions of NIIRA2025, is designed to safeguard policyholders’ interests by ensuring prompt and equitable settlement of valid claims, thereby strengthening consumer trust and market confidence.
Governor Otti commended NAICOM’s leadership for the measurable progress achieved in the insurance sector. He pledged his administration’s full support in fostering a sustainable partnership with the insurance industry to enhance risk management, expand insurance awareness, and build economic resilience within Abia State.
The delegation included the Deputy Commissioner (Finance & Administration), Mr. Ekerete Ola Gam-Ikon, alongside chairman, presidents and senior executives from the Nigerian Insurers Association (NIA), Nigerian Council of Registered Insurance Brokers (NCRIB), Chartered Insurance Institute of Nigeria (CIIN) and the Institute of Loss Adjusters of Nigeria (ILAN).
