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

Insurance; Nigeria’s Essential Economic Buffer As Inflation Rises

August 28, 2024

Nigeria’s inflation crisis highlights the critical role of insurance as a financial safety net, protecting individuals and businesses from economic volatility and unforeseen financial burdens.

Concerns Rise Over Annuity Payments for Defunct Niger Insurance Plc

August 28, 2024

Fears are growing that annuity payments for former Niger Insurance Plc clients could be disrupted as the Pension Fund Custodian may run out of funds, following the company’s license withdrawal.

NAICOM Faces Scrutiny Over NPF Insurance Proposal

August 28, 2024

NAICOM is reviewing the controversial proposal for NPF Insurance Limited, a police-run insurance company. Concerns include potential conflicts of interest and mismanagement. The commission is inviting public feedback.

Eight Facts Nigerians Need to Know About FG’s Consumer Credit Scheme

April 29, 2024

This post outlines eight key facts about the Nigerian government’s Consumer Credit Scheme, aimed at expanding access to consumer credit for working Nigerians. It covers the scheme’s objectives, eligibility, application process, and safeguards against fraud, emphasizing its role in promoting financial inclusion and responsible borrowing.

Why You Must Purchase a Life Assurance Policy

April 29, 2024

This article delves into the significance of life assurance policies, emphasizing the need for proactive risk management. It elucidates various types of life insurance plans, statutory protections, and processes such as maturity, surrender value, and claims management. Additionally, it highlights Transparent Protection Ltd’s support services for insurance policyholders.

Insurance Contract Regulation: Why Governments Intervene in Insurance Contracts

April 29, 2024

This post explores government intervention in insurance contracts to safeguard policyholders’ interests. It discusses the power dynamics inherent in insurance agreements, categorizing contracts into commercial and consumer contexts. Regulatory measures, such as licensing requirements and free look periods, aim to ensure fairness and transparency in insurance transactions, addressing disparities in bargaining power.