The National Insurance Commission (NAICOM) has called on the industry’s stakeholders to promote insurance culture among Nigerians. Speaking at an industry forum in Lagos, the Commissioner for Insurance, Segun Omosehin, underlined the need for collective commitment to deepening insurance understanding and trust among Nigerians. Omosehin stated that penetration goes beyond numbers.
“It is about cultural acceptance. We must educate and engage the public, demonstrating how insurance is not a burden but a pathway to stability and a safety net for the future,” he said.
According to him, insurance plays a vital role in building national resilience amid global and domestic uncertainties, including geopolitical tensions, climate challenges and technological disruption in the country.
He highlighted the commission’s ongoing effort to strengthen compulsory insurance enforcement and expand reach through collaboration with key government institutions such as the Federal Road Safety Corps (FRSC), Nigerian Police Force (NPF) and the Federal Fire Service.
These efforts, he explained, are already yielding improved compliance and a broader safety net for citizens across the country. The commissioner called on key stakeholders to align with NAICOM’s vision through three core action points – leveraging innovation to drive inclusion, reinforcing regulatory and data infrastructure, as well as embedding insurance within the social consciousness of the people.
