The United Nations Development Programme UNDP, the Nigerian Insurers Association (NIA) and Milliman have pulled respective resources and offered one-day free actuarial capacity building training fitted to the Global Actuarial Initiative in Nigeria GAIN within the framework of the UNDP’s Insurance and Risk Finance Facility (IRFF).
The training held at Insurers House on December 11, 2025 was exposed to human resources practitioners, senior managers involved in actuarial recruitment and executive leadership in insurance companies. No fewer than 35 member companies participated.
Mrs Bola Odukale who represented NIA Chairman, Kunle Ahmed thanked the partners assuring that the Association is committed to continuous training of actuaries despite the high cost of developing actuaries.
In his remark, Mr. Ikenna Orji, Programmes Specialist, UNDP, appreciated the NIA, and admitted that without the body, “we can not access the insurance practitioners as a group without the support of the NIA. The low insurance penetration in Nigeria poses a developmental challenge, hence the UNDP intervention to dedicate this programme for insurance awareness by partnering the NIA and Milliman to develop the actuarial aspect of insurance expertise in Nigeria.”
Mr Adrian Allott, Facilitator, Milliman GAIN, said Milliman is working with countries across the world to strengthen their actuarial capacity, and its mission is “to help Nigeria insurers develop their actuarial team to strengthen their prudential management and improve their understanding of risk and balance sheet.”
