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

Nigerian Insurance Sector Hits Historic N1 Trillion Milestone Amid Economic Challenges

September 13, 2024

The Nigerian insurance sector reached a historic N1 trillion in gross written premiums in 2023, fueled by increased premiums and industry growth, despite significant economic challenges and rising inflationary pressures.

NAICOM’s New Chief, Olusegun Omosehin, Lays Groundwork for a Stronger Insurance Sector in First 100 Days

September 12, 2024

In his first 100 days, NAICOM Commissioner Olusegun Omosehin initiated reforms focused on restoring public trust, improving claims settlement, and strengthening Nigeria’s insurance sector through capacity building and stakeholder engagement.

Tough Economy Hits Retail Insurance Business in Nigeria

September 11, 2024

The tough economic situation in Nigeria is severely impacting retail insurance, with companies reporting declining sales. Insurance leaders call for stricter enforcement of compulsory policies and emphasize prompt claims settlements and CSR.

Legal Aspects of Insurance Claims: A Guide for Policyholders

September 5, 2024

This article provides a comprehensive guide on the legal aspects of insurance claims in Nigeria, including the legal framework, key concepts, and the claims process. It highlights common legal issues, available recourse options, and best practices for policyholders to ensure fair and effective handling of their claims.

Insurance Fraud: Detection, Prevention, and Legal Implications

September 4, 2024

This article discusses insurance fraud in Nigeria, covering its types, impact, and methods for detection and prevention. It also outlines the legal implications of committing insurance fraud, highlighting the importance of protecting the industry through technology, education, and strict legal enforcement.

How Reinsurance Supports the Nigerian Insurance Market

September 4, 2024

This article discusses the essential role of reinsurance in the Nigerian insurance market, highlighting how it supports risk management, capital efficiency, regulatory compliance, and economic stability. It also addresses challenges and explores opportunities for growth.