The National Insurance Commission (NAICOM) and the Nigeria Economic Summit Group (NESG) has agreed to partner to ensure economic growth through data sharing and public awareness about the contributions of insurance to the national economy of the nation.

The two Agencies met when the Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, received a delegation from the Nigerian Economic Summit Group (NESG) on a courtesy visit Tuesday in Abuja.

While briefing the NESG delegation, Mr. Omosehin lauded the recent developments in the sector, particularly, the enactment of the Nigeria Insurance Industry Reform Act (NIIRA) 2025, which consolidates outdated laws and introduces landmark reforms.

The Commissioner called for enhanced collaboration between NAICOM and NESG on strategic initiatives, including data sharing, financial inclusion expansion, and the establishment of an insurance working group within NESG.

He further emphasized the need to raise public awareness about the insurance sector’s vital contribution to economic growth.

NAICOM reaffirmed its commitment to protecting insurance consumers, ensuring transparency, and providing efficient insurance services that support Nigeria’s economic development. Both organizations agreed to continue working together to transform the insurance landscape and drive economic opportunities for Nigerians.”