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

NAICOM-EFCC Planned Partnership – A Step in the Right Direction, But More is Needed

November 18, 2024

The planned partnership between NAICOM and EFCC is a positive step towards combating financial crimes in Nigeria’s insurance sector, but it needs stronger AML/CFT enforcement and proactive regulatory measures for lasting impact.

NAICOM Partners with EFCC to Strengthen Insurance Industry and Combat Fraud

November 15, 2024

NAICOM and EFCC have partnered to fight fraud in Nigeria’s insurance sector, aiming to strengthen regulatory oversight, protect policyholders, and promote industry stability through joint efforts and information sharing.

AIICO Refuses RPDC Oil & Gas Claim: Dares RPDC to Go to Court

November 14, 2024

AIICO Insurance’s refusal to settle a legitimate claim made by Rockmountain Petroleum Development Company (RPDC) following an oil well blowout. Despite regulatory intervention from NAICOM, AIICO remains adamant and challenges the insured to take legal action.

The Risks of Underinsuring Your Assets: A Guide for Policyholders

November 18, 2024

This article highlights the dangers of underinsuring your assets, explaining why it happens, the financial consequences, and how policyholders can avoid it. It provides practical tips to ensure adequate coverage and protect against unexpected financial burdens due to underinsurance.

How Insurers Determine Market Value and Insured Value

November 15, 2024

This article explains how insurers determine the market value and insured value of assets, highlighting their differences and the importance for policyholders to understand them. It covers valuation methods and offers tips to help avoid underinsurance and overinsurance.

Regulatory Interventions in Insurance – A Call for Fair and Balanced Oversight

November 12, 2024

This article discusses the dispute between African Alliance Insurance Plc and NAICOM, emphasizing the need for fair, transparent regulatory oversight in Nigeria’s insurance industry to maintain public trust, protect policyholders, and ensure balanced, responsible governance.

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