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 and Ministry of Youth Development Partner to Train One Million Youths in Insurance Sector

October 11, 2024

The Ministry of Youth Development and NAICOM have signed an MoU to train one million Nigerian youths in insurance, fostering entrepreneurship, raising awareness, and expanding employment opportunities across Nigeria’s 774 local government areas.

New Nigerian Bill Requires Tax ID for Insurance and Financial Services to Boost Tax Compliance

October 11, 2024

A new bill in Nigeria mandates individuals in insurance and financial services to provide a Tax Identification Number (TIN) for account operations, aiming to enhance tax compliance and streamline revenue collection.

South African Life Insurers Pay R298 Billion in Claims and Benefits in First Half of 2024

October 10, 2024

South African life insurers paid R298 billion in claims during the first half of 2024, remaining financially robust despite high payouts, with concern over policy lapses due to economic pressures.

Debunking Common Insurance Myths

October 4, 2024

The article addresses common misconceptions about insurance that often discourage people from purchasing coverage. It debunks myths like insurance being too expensive or unnecessary for young people, explaining the importance of understanding insurance policies and seeking professional guidance to make informed financial decisions.

Pet Insurance: Is It Worth It? An Emerging Market in Nigeria

October 4, 2024

This article explores the emerging trend of pet insurance in Nigeria, highlighting its benefits, types of policies, and challenges. It discusses why pet insurance is gaining attention, how it can provide financial protection for veterinary care, and its potential to grow in Nigeria as pet ownership increases.

Insurance for High-Net-Worth Individuals: Special Considerations and Policies

September 30, 2024

This article explores specialized insurance solutions tailored for high-net-worth individuals (HNWIs) in Nigeria. It covers asset protection, liability coverage, personal security, estate planning, business insurance, and cross-border risks. It emphasizes the importance of customized policies to meet the complex needs of HNWIs and ensure their financial security.

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