Collaboration between National Insurance Commission of Ghana and its Nigerian counterpart, National Insurance Commission NAICOM, hit its zenith with the visit of the Commissioner for Insurance of Ghana, Dr. Abiba Zakariah today, to NAICOM in Abuja, marking a significant step toward deepening regional collaboration within the African insurance sector.
With focus on advancing cross-border cooperation in insurance, innovation and reinforcing the role of the industry in driving sustainable regional economic growth, Nigeria’s Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, underscored the critical role of insurance in economic development, and emphasised that poverty reduction across Africa would remain unattainable without significant increase insurance penetration, which is essential for risk management, financial resilience, and inclusive growth.
Responding, 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.
Featured Picture: L-R: Mr. Ekerete Ola Gam-Ikon, Deputy Commissioner, Finance and Administration, NAICOM; Dr. Abiba Zakariah, Commissioner for Insurance, National Insurance Commission (Ghana); Mr. Olusegun Ayo Omosehin, Commissioner for Insurance, National Insurance Commission (Nigeria); and Dr. Usman Jankara, Deputy Commissioner, Technical, NAICOM.
