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

NPF to Begin Enforcement of Third-Party Motor Insurance on February 1, 2025

January 27, 2025

The Nigeria Police Force will enforce Third-Party Motor Insurance laws nationwide from February 1, 2025, emphasizing compliance to protect road users under the Insurance Act and Motor Vehicle Insurance Act.

NAICOM Grants NPF Insurance Company Licence for General Insurance Operations

December 9, 2024

NAICOM has issued an operational licence to NPF Insurance Company, allowing it to offer general insurance in Nigeria, after fulfilling all regulatory requirements despite earlier stakeholder objections.

NAICOM and NDPC Sign MoU to Strengthen Data Protection in Nigeria’s Insurance Sector

November 25, 2024

NAICOM and NDPC partner to enhance data protection in Nigeria’s insurance sector, focusing on compliance, training, and public trust through a newly signed Memorandum of Understanding (MoU).

Why Skipping Insurance Could Cost You More Than You Think

November 21, 2024

This article emphasizes the importance of insurance by showcasing real-life examples of losses incurred due to neglecting coverage. It highlights the hidden costs of skipping insurance, debunks misconceptions, and provides actionable steps to make informed insurance decisions.

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.