Making Insurance Work in Nigeria is now more achievable than ever with the Nigerian Insurance Industry Reform Act 2025 (#NIIRA2025). What once sounded like a simple campaign has become the springboard for transformational progress across the Nigerian insurance ecosystem.

Consider the Following Real-Life Occurrences

• 1. Greater Awareness: Nigerians who were once unaware of insurance are now asking “What’s this #NIIRA2025 we’re hearing about?”
  Our #Reality: more Nigerians are talking about insurance, with rising expectations and confidence in the future which starts now!
• 2. Policy Verification: Many Nigerians once assumed all third-party motor insurance certificates received during vehicle registration were genuine.
  Our #Reality: citizens now know how to verify authenticity, understand their rights, and the benefits of Third Party Motor Insurance. #NIIRA2025 has empowered regulators to penalize defaults and fraud, ensuring integrity and accountability.
• 3. Protection for Accident Victims: Nigerians affected by collapsed buildings, petrol station fires, or tanker explosions were often abandoned.
  Our #Reality: with #NIIRA2025, owners and occupiers of public-access assets are now compelled to maintain proper insurance coverage or face penalties. Once insured, victims are compensated promptly after claims are validated.
• 4. Accountability Among Policymakers: Public and private sector leaders who ignored insurance obligations are now becoming more responsible.
  Our #Reality: executives and policymakers are realizing how insurance safeguards balance sheets, retains talent, and ensures compliance with the compulsory classes mandated by #NIIRA2025.
• 5. A Nation More Aware: Thanks to #NIIRA2025, Nigerians are more informed about insurance, its benefits, their rights, and the regulatory framework that enforces fair play. As awareness spreads, the transformation driven by the reforms of #NIIRA2025 becomes not just achievable, but inevitable.

#BeAware #BeInformed #BeInsured #BeCounted #BeSafe #BeWise #InsuranceWorks #InsurtechEnables #Insurance4All

Assuredly yours,
@EOGamIkon

IMPORTANT INFORMATION: COMPULSORY CLASSES OF INSURANCE IN #NIIRA2025

• 1. Group Life Insurance (Section 68(1))
• 2. Builders Liability Insurance (Section 75)
• 3. Occupiers Liability Insurance (Section 76)
• 4. Government Assets and Employees Insurance (Section 77)
• 5. Petroleum and Gas Stations Insurance (Section 78)
• 6. Healthcare Professional Indemnity Insurance (Section 80)
• 7. Aviation Insurance (Section 81)
• 8. Marine Cargo Insurance (Section 82)
• 9. Motor Third-Party Insurance (Section 84)
• 10. Credit Life Insurance (Section 91(3))
• 11. Container Insurance (Section 203)

With #NIIRA2025, the future of insurance in Nigeria is brighter, stronger, and more accountable than ever before. Together, we can Make Insurance Work in Nigeria (#MIWIN) for all.

Contact Lectern Insurance Brokers today, your peace of mind is our business.