Making Insurance Work For Nigeria

Advocating for transparency, fairness, and accessibility in the insurance industry

Bridging Awareness

Educating individuals and businesses about the benefits of insurance coverage

Driving Development

Collaborating with government agencies and stakeholders to advance the insurance sector

Empowering Policyholders

Ensuring settlement of genuine claims

About Us

Transparent Protection Ltd/Gte is a non-profit organization promoting transparency, accountability, and accessibility in Nigeria’s insurance industry. Since 2012, we have been working to raise awareness about insurance, drive industry development, and advocate for policy changes.

Our motivation behind starting this organization is to facilitate widespread insurance adoption, ensure fair claims settlement, and empower individuals and businesses to make informed decisions about their insurance needs.

Our Core Values

Our Initiatives

Driving positive change through our initiatives

Awareness

Raising awareness about insurance education and coverage benefits

Advocacy

Influencing insurance policies and advocating for consumer protection

Partnerships

Fostering collaborations with government agencies and stakeholders for industry growth

Articles

Insurance News Beat

CBI Court Sentences Prestige Assurance MD to Five Years for Misappropriation of ₹1.6 Crore

November 6, 2024

A CBI court sentenced Anand Prakash, MD of Nigeria’s Prestige Assurance Limited, to five years in prison for allegedly misusing his position to approve unauthorized funds. The court cited abuse of authority.

NAICOM Sets Operational Line for Nigerian Insurance Companies, Warns of Regulatory Consequences

November 5, 2024

NAICOM has established a strict regulatory line for Nigerian insurers, warning that companies failing to meet claims obligations will face sanctions, with blacklisted directors barred from future roles in the industry.

NIA to Revolutionize Claims with New Digital Tracking Initiative

November 1, 2024

The Nigerian Insurers Association plans to digitize claims collation and tracking to enhance customer experience and reduce fraud. This move aims to streamline claims processing and reinforce public trust in insurance.

The Legal Significance of Proximate Cause in Nigerian Insurance Laws

November 1, 2024

This article explains the concept of proximate cause in Nigerian insurance law, highlighting its legal significance in claims, dispute resolution, and policy interpretation. By determining the direct cause of loss, proximate cause is essential for fair liability assessment, protecting both insurers and policyholders and reinforcing trust in Nigeria’s insurance sector.

The Benefits of Micro-Insurance for Small Business Owners

October 31, 2024

This article discusses how micro-insurance provides affordable, accessible, and essential coverage for small business owners in Nigeria. It explains the benefits, types, and challenges of micro-insurance, highlighting how it protects businesses against risks, fosters growth, and strengthens economic resilience, particularly for low-income entrepreneurs and informal business sectors.

2025: A New Horizon for Insurance—Key Trends and Opportunities to Watch

October 28, 2024

In 2025, the insurance industry will grow through sports coverage, cyber insurance, automation, and climate risk solutions, embracing innovation to meet evolving demands in a competitive global market.

Insurance Business Development Initiative Webinar

Transparent Protection Ltd/Gte and the House Committee on Insurance and Actuarial Matters are hosting a webinar on the topic of insuring government property in Nigeria.

The event features speaker Sam Chukwuka Onyeka and moderator Hon. Ahmadu Jaha.

Participants will include industry leaders and government officials, focusing on reviewing laws and advocating for a resilient insurance sector.

Date: May 14, 2024,
Time: 4:00 p.m.–6:00 p.m.

Editorial Team