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

Low Pension and Health Insurance Coverage Among Nigerian Workers Highlighted in NBS Report

September 26, 2024

The NBS report reveals only 26.3% of Nigerian workers have pension and health insurance coverage, highlighting disparities and challenges for informal sector employees, who form 92% of the workforce.

NAICOM Approves 2023 Financial Accounts for 44 Insurance Firms, 12 Still Struggling with IFRS 17 Compliance

September 25, 2024

NAICOM approved the 2023 financial accounts of 44 insurance firms, while 12 are yet to comply with IFRS 17. Non-compliance with the June 30 deadline incurs a daily fine of N5,000.

PenOp Inaugurates Induction Academy for New Pension Industry Employees

September 25, 2024

PenOp concluded its inaugural Induction Academy, equipping new pension industry employees with essential skills in investment strategies, compliance, and customer service. The program aims to foster professional growth and industry readiness.

A Guide to Insurance for Parents and Guardians

July 26, 2024

This article provides parents and guardians with a comprehensive guide to insurance, covering types such as life, health, disability, homeowners, auto, and education insurance. It explains why each is important and offers tips for choosing the right coverage to ensure financial security and peace of mind for your family.

Understanding the Importance of Reinsurance in Nigeria

Understanding the Role of Reinsurance in Nigerian Insurance Industry

July 25, 2024

This article explains the role and significance of reinsurance in Nigeria’s insurance industry, highlighting its benefits for risk management, financial stability, regulatory compliance, and economic growth. It also discusses the reinsurance market’s evolution, key players, challenges, and opportunities for enhancing insurance penetration and technological advancements.

The Benefits of Group Personal Accident Insurance

July 22, 2024

This article highlights the benefits of Group Personal Accident Insurance, emphasizing its comprehensive coverage for accidental death, disability, and income loss. It discusses how GPA insurance provides financial security, enhances employee morale, and offers cost-effective solutions for employers.